Paasa Analysis: $125K Raised
What is Paasa?
Paasa is a financial technology company providing diversified investment portfolios to help individuals save for education and manage currency risk.
Product Features & Capabilities
- Invest in globally-diversified portfolios, Automated index investing, Tax-loss harvesting, Dollar-denominated investments, Personalized strategy for long-term growth.
Pricing
- Minimum investment: $5,000
- AUM $5k - $10k: 1.00% per year
- AUM $10k - $100k: 0.90% per year
- AUM $100k and above: 0.80% per year
- No additional fees (transaction fees, brokerage fees, etc.)
How much Paasa raised
Pre-Seed - $125,000
September 25, 2024Lead Investor: Y Combinator
Who are the founders of Paasa
NS
Nitish Sahni
Founder
SS
Sparsh Sharma
Chief Product Officer, Founder
Business Model
Charges based on Assets Under Management (AUM) with a tiered fee structure.
Market Focus
Paasa primarily focuses on the financial technology industry, specifically offering investment portfolios aimed at helping individuals save for higher education and protect their wealth from currency depreciation.
Competitors Overview
Paasa operates in the financial technology sector, focusing on globally diversified investment portfolios for education savings and wealth protection. Its main competitors include:
- Backer: An online platform for college savings that helps users open a 529 savings plan and provides personaliz
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