Kochi-based Oversea Wealth plans AI wealth app for expats, beta in December

Kochi-based fintech startup Oversea Wealth plans to launch the beta version of its AI-powered wealth management app in December this year, initially targeting expatriates in the Gulf region.

By the end of 2027, the company aims to acquire 10,000 customers, reach assets under management of ₹1,000 crore and generate annual recurring revenue of ₹15 crore.

Oversea Wealth is building a single platform for the savings and investments of expatriates, using artificial intelligence to simplify cross-border wealth management.

The app pulls information from banking, investment and brokerage accounts into one place.

It offers personalised investment plans, along with alerts on investment maturities, important financial dates, renewals and idle cash.

An AI-powered assistant lets users reach financial services through a chat interface, including investments through licensed partners, health insurance, tax return filing and inheritance planning.

The company was founded by Zakhil Suresh, Sajal Sarwar, Akhil James, Asif Kattakath and Vishnu Karthikeyan. They have worked in the fintech sector since 2017 and are combining that experience with AI. Suresh is co-founder and CEO.

The platform drew attention at the recently concluded Huddle Global, the startup festival organised by Kerala Startup Mission in Thiruvananthapuram. The company’s promoters say they have had an encouraging response from investors.

Suresh said the idea came from the founders’ years in fintech. “We have worked in fintech for years and have seen at close quarters the difficulties expatriates face in managing assets and investments across different countries. That experience led us to the idea for Oversea Wealth. Our aim is to provide every expatriate with personalised financial guidance with the help of AI,” he said.

Expatriates who hold bank accounts and investments in different countries can find it challenging to get a consolidated picture of their assets and liabilities. Many currently depend on spreadsheets and multiple tracking apps to monitor their finances.