SBNRI is a fintech platform designed specifically for Non-Resident Indians (NRIs) and OCI cardholders, offering a unified mobile app for managing investments, taxation, banking, and documentation in India. The platform simplifies complex financial processes like income tax filing, PAN applications, and mutual fund investments, with partnerships across Indian banks and investment platforms.
Funding
Funding not disclosed
Founders
Product
Problem
NRIs face significant challenges managing their financial affairs in India, including complex tax compliance, cross-border banking, and investment documentation. The process typically involves multiple bank visits, numerous calls, and coordination with various service providers, making it time-consuming and error-prone for those living abroad.
Solution
SBNRI provides a one-stop digital platform that consolidates NRI banking, investment, and taxation services into a single mobile application. The platform partners with Indian banks, investment platforms, and registered service vendors to offer seamless access to mutual funds, portfolio management services, and micro-VC opportunities. Users can file Indian and US taxes with expert support, apply for PAN cards, update citizenship status, and transfer funds between NRO and NRE accounts. The app also offers DTAA-optimized tax filing with a 100% accuracy and maximum refund guarantee, supported by a network of NRI-focused chartered accountants.
Target Audience
Primary customers are Non-Resident Indians (NRIs) and OCI cardholders worldwide, including Indian mariners and seafarers, who need simplified access to Indian financial services, tax compliance, and investment opportunities.
Features
- Unified mobile app for iOS and Android covering investments, tax filing, banking, and documentation
- India tax filing with DTAA optimization and expert CA support, with a 100% accuracy and maximum refund guarantee
- US tax filing services for NRIs to maintain compliance with US regulations
- Investment options including diversified mutual fund portfolios, high-growth micro-VC startup investments, and expert-managed PMS portfolios
- PAN card application and citizenship status update services
- NRO-NRE fund transfer and repatriation capabilities
- Partnerships with multiple Indian banks to simplify NRI banking through the platform
- Educational blog resources covering NRI tax rules, FCNR deposits, and investment strategies