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Coupl (YC S22)

Coupl (YC S22)

A neobank for couples in India

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Security Type
Technology, Retail, Financial Services, Community & Lifestyle
Min Investment
Delaware City , Delaware

Key Deal Facts

Coupl lets couples open an easy-to-use joint account regardless of marital status
Built and launched a Neobank in under 6 months
₹500k (~$6k) GTV in under 2 weeks
Founded by alumni of IIT Kanpur and BITS Pilani
Savings deposit interest $333M, transaction interchange commission $2B market size
Backed by Y Combinator and Entrepreneur First

Management Team / Advisory Board Bios

Srinivas Sarkar Co-founder & CEOGraduated with a bachelor's degree from BITS Pilani in 2018. He was a management consultant at Ernst & Young for four years, advising clients like a unicorn YC company and multiple late-stage businesses on strategy, cost optimization and improvement., Kushagra Manglik Co-founder & COOHe was a Research Software Engineer at IBM Research in their AI for Supply Chain team. During his stint with IBM Research, he published multiple papers at Tier 1 Data Science conferences and has 6 patents to his name.
Amount Raised : $5,050
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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