SBNRI
SBNRI is a digital financial platform that consolidates NRI banking, investment, and tax services into a single mobile app. It offers DTAA-optimized tax filing with a maximum refund guarantee, access to mutual funds, PMS portfolios, and micro-VC investments, plus services like PAN applications and NRO-NRE transfers. The platform is trusted by over 12,000 NRI investors and manages more than ₹400 crore in assets.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
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 app offers DTAA-optimized tax filing with a 100% accuracy and maximum refund guarantee, supported by a network of NRI-focused chartered accountants. It also simplifies banking through partnerships with multiple Indian banks, enabling account management and FCNR deposits without physical branch visits. For investments, the platform provides access to diversified mutual fund portfolios, expert-managed PMS portfolios, and high-growth micro-VC startup investments. Additionally, SBNRI assists with documentation needs such as PAN applications and citizenship updates, ensuring records remain accurate across financial institutions. The platform is designed to serve NRIs and OCI cardholders worldwide, including Indian mariners and seafarers, with all services accessible via mobile app.
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
- One-stop mobile app for NRI banking, investment, and taxation services
- DTAA-optimized tax filing with 100% accuracy and maximum refund guarantee
- Access to diversified mutual fund portfolios, expert-managed PMS portfolios, and high-growth micro-VC startup investments
- FCNR deposit accounts with competitive interest rates
- PAN application and citizenship update assistance
- Partnerships with multiple Indian banks for simplified banking
- Network of NRI-focused chartered accountants for tax compliance
- US tax filing services to keep NRIs compliant with US regulations
- NRO-NRE transfer support for seamless fund movement between accounts