doola launches global business banking product, allowing founders worldwide to launch an LLC, DAO LLC or C Corp and remotely open a US bank account, all in one go


NEW YORK & BENGALURU, India–(BUSINESS WIRE)–doola today announced the launch of a global business banking product that will allow founders to open a U.S. bank account, remotely, from any continent, with no U.S. Social Security number required. Founders worldwide can now register an LLC, DAO LLC, or C Corp through doola, obtain an EIN (Employer Identification Number) from the IRS with doola, and open a US bank account with doola. It doesn’t stop there: doola also provides ongoing state and IRS compliance to maintain corporate compliance, making doola an all-in-one platform for founders to launch, maintain, and to expand their business in the United States.

doola’s banking product will include a corporate checking account as well as domestic and international wire transfers, virtual cards, a physical debit card mailed to founders anywhere in the world, tools and features to integrate seamlessly to your US entity, and more.

For any business, whether it’s an enterprise-backed SaaS startup with a Delaware C Corp or a solopreneur starting an e-commerce business, having a reliable banking + payments stack is essential. , stable and scalable. Through doola, international founders can seamlessly access the US financial ecosystem, including US banking, US payment solutions, US venture capital, and more. “, said Jacqueline Reses, an investor in doola, Chairman of the Economic Development Council of the Federal Reserve Bank of San Francisco and former director of Square Capital.

Arjun Mahadevan, CEO, doola said: “From day one, we know that doola is not a training service. We are a fintech company. Founders around the world don’t really want a company; they want a way to accept payments globally in US dollars or accept investments from US investors. doola Banking makes our platform the fastest way to go from training to accepting your first payment/deposit globally. Why? Because we do everything in-house. Just click the button, get company + EIN + bank account, and ongoing compliance including state + IRS filings is taken care of. As our customers like to say, we are a Business-in-a-Box.

About doola

doola (formerly StartPack, YCombinator S20) helps global Web2 and Web3 entrepreneurs form US LLCs, C Corps and DAO LLCs by helping clients through the incorporation process so they can collect payments with confidence , build their credibility, stay legal and make more money. doola provides business formation, EIN, US address and bank account, access to US payments, free tax consultation, US tax assistance, phone number, $50,000 in benefits of startup, and more. Today, hundreds of companies have started with doola, and these founders did not need a US social security number to benefit from doola’s products and services. The company is led by Arjun Mahadevan, a former head of growth products at Dropbox, who is an American immigrant and JP Pincheira, a full stack engineer who is a foreign founder from Chile. (Headquarters: New York)

doola is a fintech company, not a bank. Banking services provided by Piermont Bank; FDIC member. 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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