doola Launches Banking Product for Global Businesses, Allowing Founders Worldwide to Launch an LLC, DAO LLC, or C Corp and Remotely Open a US Bank Account, All In One Go
doola announced today that they have launched a banking product for global businesses that will allow founders to open a US bank account, remotely, from any continent, with no US Social Security Number required. Founders globally can now register an LLC, DAO LLC, or C Corp through doola, get 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 compliance with the state and IRS to keep companies compliant, making doola an all-in-one platform for founders to launch, maintain and grow their US business.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509006242/en/
doola helps global web2 and web3 entrepreneurs easily set up an LLC, C Corp, or DAO LLC in the U.S. (Wyoming, Delaware, and all other states) with support including EIN, U.S. address, U.S. bank account, payment gateway, and ongoing state compliance and IRS tax filings. (Photo: Business Wire)
doola's banking product will include a business checking account along with domestic and international wire transfers, virtual cards, a physical debit card that is mailed to founders anywhere in the world, tools and features to seamlessly integrate with your US entity, and more.
“For any business, whether it's a venture-backed SaaS startup with a Delaware C Corp or a solopreneur bootstrapping an e-commerce business, having a trustworthy, stable, and scalable banking + payments stack is critical. 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 at Federal Reserve Bank of San Francisco, and Former Head of Square Capital.
Arjun Mahadevan, CEO, doola said, “From day 1, we’ve known that doola is not a formation service. We’re a fintech company. Founders globally don’t actually want a company; they want a way to accept payments globally in the US dollar, or accept investment from US investors. doola Banking makes our platform the fastest way to go from formation to accepting your first payment/deposit globally. Why? Because we do it all in-house. It’s click button, get company + EIN + bank account, and ongoing compliance including state + IRS filings are taken care of. As our customers like to say, we’re a Business-in-a-Box.”
About doola
doola (formerly StartPack, YCombinator S20) helps global web2 and web 3 entrepreneurs form U.S. LLCs, C Corps, and DAO LLCs by supporting customers through the incorporation process so they can confidently collect payments, build credibility, stay legal, and make more money. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments, a free tax consultation, U.S. tax support, a phone number, $50,000 in startup perks, and more. Today, hundreds of companies have launched with doola, and these founders didn't need a U.S. social security number to benefit from doola's products and services. The company is led by Arjun Mahadevan, a former Growth Product Manager at Dropbox, who is a U.S. immigrant and JP Pincheira, a full stack engineer who is a foreign founder from Chile. (HQ: New York City)
doola is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC. The doola Visa® Debit Card is issued by Piermont Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
Related Links
Website: https://www.doola.com/banking
Twitter: https://twitter.com/doolaHQ
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220509006242/en/
Contact information
Arjun Mahadevan, CEO
arjun@doola.com
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
FIFA announces multi-year agreement with Rock-it Cargo as Official Logistics Provider of FIFA World Cup 26™21.11.2024 15:25:00 CET | Press Release
FIFA has selected Rock-it Cargo, a Global Critical Logistics (GCL) company, as the Official Logistics Provider of the FIFA World Cup 26™ – the game-changing edition of the tournament set to take place across 16 Host Cities in Canada, Mexico and the USA from 11 June to 19 July 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121814540/en/ GCL President and CEO Daniel Rosenthal (L) and FIFA Secretary General Mattias Grafström (R) kicked off a multi-year agreement making Rock-it Cargo the Official Logistics Provider of the FIFA World Cup 26™ (Photo Credit: FIFA) Rock-it Cargo will help FIFA create history, providing multi-year planning, management and event-logistics services as the FIFA World Cup™ expands to 48 teams and 104 matches across three countries and 16 Host Cities in 2026. Appointed following a highly competitive request-for-proposal process, Rock-it Cargo demonstrated exceptional experience in planning and de
Grid Dynamics Introduces Composable Commerce Starter Kit on Microsoft Azure, Enabling Rapid Replacement of Legacy Systems with Modern Digital Commerce Capabilities21.11.2024 15:15:00 CET | Press Release
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces the launch of its Composable Commerce Starter Kit on Azure. This starter kit includes a minimum viable product (MVP) deployable in months, and empowers businesses to deliver superior digital commerce experiences with rapid time-to-value. Clients can leverage best-of-breed commerce components from different third-party vendors, and compose them with commercetools on Microsoft Azure into a flexible custom digital platform built for the future of commerce. B2C and B2B businesses transitioning from monolithic commerce solutions to MACH (Microservices, API-first, Cloud-native, and Headless) architectures face significant challenges in their digital transformation journeys. Traditional commerce platforms, while comprehensive, are often rigid and outdated, and lack the flexibility and modern features ne
Uniphore Recognized on 2024 Deloitte Technology Fast 500™ as One of North America’s Fastest-Growing Companies21.11.2024 15:00:00 CET | Press Release
Uniphore, the leading end-to-end enterprise AI company, announced today that it ranked #250 on the Deloitte Technology Fast 500™, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. This marks the second consecutive year that Uniphore has been recognized by Deloitte for its strong growth. Uniphore's co-founder and CEO, Umesh Sachdev, credited the company's focus on delivering AI solutions that break down the barriers and open the bottlenecks for Enterprises to move out of the proof-of-concept phase and into value creation. Over the past year, Uniphore has supercharged its Enterprise AI innovation offerings and roadmap, including new Generative AI capabilities for U-Analyze and unveiling X-Stream, an industry-first, built-for-scale solution which revolutionizes enterprise digital transformation with knowledge-as-a-service capabilities coming from a unique “engine room” where va
Fluence Returns to MJBizCon, Releases Ninth Annual Cannabis Business Times “State of the Cannabis Lighting Market” Report21.11.2024 15:00:00 CET | Press Release
Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, released the ninth annual “State of the Cannabis Lighting Market” report in collaboration with Cannabis Business Times, a publication focused on accelerating the success and acceptance of the cannabis market by providing actionable intelligence to help all aspects of the business. Headlining this year’s report is more evidence of the rapid and consistent adoption of LED technology among cannabis growers. Survey respondents also noted increased interest in augmenting their top light solutions with side, intercanopy or sub-canopy lighting. “LED adoption is on the precipice of becoming the universal standard for critical phases of cannabis cultivation, delivering greater yields than HPS with less heat and energy consumption—without sacrificing crop quality,” said Dr. David Hawley, principal scientist for Fluence. “For growers, those benefits have catalyzed an interest in addin
Elemental Machines Launches New Product to Enhance Clean Room Alerting and Monitoring21.11.2024 15:00:00 CET | Press Release
Elemental Machines, a leader in data-driven laboratory and manufacturing connectivity, has launched an innovative product that enhances monitoring and communication in shared laboratory spaces, such as clean rooms. This solution introduces an additional mode of communication within the lab environment, giving more granular control to people working in an already controlled environment. This new product introduces three features to the Elemental Machines’ Dashboard, specifically built with clean rooms in mind: visual alert tiles, audible alert tones, and a view-only user role. While they can be used in any lab setting, these enhancements are particularly valuable in shared spaces where access to personal computers or phones may be limited. Labs can now add these alerting features to centrally located devices within the space, ensuring that critical information is always accessible. The audible and visual alert options enable more immediate notifications of issues requiring attention wit
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom