Rohit Nadhani, a serial entrepreneur, has recently launched Kubera, a new startup that mainly aims to provide an alternative to utilizing a spreadsheet for keeping a track of the investments, debts, assets, cryptocurrencies, insurance and various other important documents that would be required to be transferred to a family member or a close on after a person’s death.

Nadhani had previously sold his Newton email app out to Essential in the year 2018. It is an app that had been very popular and was saved from getting shut down several times. He was inspired to build Kubera, which is essentially a reference to lord of wealth in India, owing to a traumatically personal experience.

He had been swimming in Costa Rica and had been caught in a riptide and was rescued. The first thing he chose to do after he came back home was to begin putting a list of his entire assets together to be able to share it with his wife during the event of his death.

The task as stated by him was relatively tough as the list had included way more than just stocks, bonds, insurance, real estate and retirement accounts. Nadhani also came to a realization that he had wished to list the other assets such as collectibles, private as well as foreign investments, digital assets, crypto investments, precious metals along with the debts that were owed to him like loans he had given out to his friends and families.

He had wished for more features that a plain spreadsheet could not have provided such as the capability of automatically updating the assets’ value, which is much similar to Mint from Intuit, as well as basic reporting. He hadn’t wished to share access to his account or net worth data unless necessary.

Kubera is a custom-built solution to list assets that are both traditional and non-traditional. The user begins by listing their assets in a plain table, add more details of the value and cost or the documents related to them. The user can update their value in the table or connect assets to their online accounts for automatic updating.

Source Credit- https://techcrunch.com/2020/05/25/newton-mail-founder-returns-with-launch-of-personal-net-worth-tracker-kubera/