Doola launches banking product for global founders:
- Doola helps global entrepreneurs start a business in the U.S. by providing support to obtain an EIN, U.S. address and bank account, and file tax filings.
- The new banking product is aimed at founders on every continent, with no requirement for a U.S. Social Security Number (SSN) or a visit to the United States.
- Every month, there are over 400,000 business start-up applications in the United States (with over 5 million expected by 2022) and over 50 million freelancers worldwide.
NEW YORK & BENGALURU, India-(BUSINESS WIRE)-doola today announced that it has launched a global business banking product that will allow founders to open a US bank account remotely, from any continent, without having to have a US social security number. Founders around the world can now register an LLC, DAO LLC, or C Corp through doola, obtain an Employer Identification Number (EIN) from the IRS (Internal Revenue Service – the Treasury) using doola, and open of US bank account using doola. And it doesn’t stop there: doola also ensures that businesses remain compliant with state and IRS regulations, providing an all-in-one platform to start, manage, and grow businesses. Americans.
The doola banking product includes a corporate bank account with domestic and international transfers, a virtual card, a physical debit card sent to founders anywhere in the world, tools and features to run your entity in the US smoothly, just to name a few examples.
” For any business, whether it’s a venture-backed SaaS startup as part of a Delaware C Corp or a solopreneur launching online business ventures, having a reliable banking + payments package, stable and scalable is important. Through the doola, international founders will have seamless access to the U.S. financial ecosystem, including the U.S. banking system, U.S. payment solutions, U.S. venture capital, and more, ”he said. Jacqueline Reses, doola investors, chair of the Economic Development Council at the Federal Reserve Bank of San Francisco, and former director of Square Capital.
Arjun Mahadevan, CEO of doola, said: “Starting on day 1, we knew that doola was not a business creation service. We were a fintech company. Founders around the world weren’t really looking to have a company; they wanted to have a way to accommodate dollar payments anywhere, or receive investments from American investors.doola Banking makes our platform the fastest way from setting up a business to receiving your first payment/deposit worldwide .Why? Because we do everything in-house.With the click of a button, you get a company + EIN + bank account, and continued regulatory compliance, including state and IRS reporting, is protected.As our clients like to say, we are ‘Business in-a-box’ (start, manage, grow a business).
Doola (formerly StartPack, YCombinator S20) helps global web2 and web3 entrepreneurs build LLCs, C Corps, and DAO LLCs in the United States, supporting them in the creation process so they can confidently collect payments. , build credibility, work according to the law, and even earn a lot of money. Doola provides business start -up, EIN, US address and bank account, access to US payments, free tax advice, US tax support, phone number, 50 000 dollars in start -up benefits. Today, hundreds of businesses have been started using doola, and those founders do not need a US social security number to benefit from doola’s products and services. The company is led by Arjun Mahadevan, former head of Growth Products at Dropbox, who moved to the United States, and JP Pincheira, a full stack engineer and Chilean foreign founder. (Headquarters: New York City)
Doola is a fintech company and not a bank. Financial services are provided by Piermont Bank; member of the FDIC (Federal Deposit Insurance Corporation – deposit guarantee organization). The doola Visa® debit card is issued by Piermont Bank pursuant to a license from Visa USA Inc. and can be used anywhere Visa debit cards are accepted.
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Arjun Mahadevan, CEO
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