Announcing Oversea — AI Wealth Manager for NRIs

Earlier this year, I came across an article by Joseph Sebastian [Blume Ventures] that asked a billion-dollar question: Who will build for NRIs?

India received over $135 billion in remittances last year, making it the world's largest recipient of money sent by its diaspora. Kerala, with roughly 3% of India's population, accounts for nearly 20% of inward remittances.

Today's NRI is younger, more skilled and digitally native. Their financial lives are increasingly global. Bank accounts, mutual funds, properties and investments spread across multiple countries, each with its own rules, regulations and taxes.

But the financial products built for them have barely evolved.

For a Kerala-based startup, that question was hard to ignore.

We started by speaking to our NRI customers at BitSave across over 30 countries. We travelled to the Gulf multiple times to meet some of them, understand their financial lives and learn where existing solutions fell short.

As we explored the opportunity, a pattern emerged. The problem wasn't a lack of financial products. It was the lack of someone connecting the dots and guiding them through their financial decisions.

No one was looking at their financial lives as a whole, understanding their needs and, more importantly, how a financial decision in one country could impact their wealth in another.

Delivering this at scale would require rethinking how personal wealth management works.

Different countries, different regulations, different time zones. A traditional team of human advisors could only go so far.

We weren't looking for a reason to use AI. We were looking for a way to solve this problem. And we found it at the intersection of AI and cross-border wealth — a personal wealth manager for every NRI, wherever they are.

So, who will build for NRIs?

We're getting started. More updates on the way.