Canua

Canua is a personal finance tool that lets you manage your financial life by tracking accounts, investments and taxes in one place. The idea is to give you peace of mind and help you build wealth by automating as much as possible.

Among its features:

• Single financial dashboard: Canua automates data collection and categorization so you can see your financial situation clearly.
• Automated personal finance assistant: The software lets you set up actions that repeat automatically to help you build wealth and file taxes.
• Bank-level encryption: Canua protects data in transit and at rest in its databases with bank-level encryption.

The software is geared for people with complicated financial lives, like expatriates, people with multiple jobs, startup equity holders and people who invest in alternative assets like crypto. Canua also offers resources like advice from licensed financial experts to help you navigate those situations.

One big feature is the ability to file FBAR (FinCEN Form 114) reports automatically. That's required for US citizens and Green Card holders with accounts outside the United States with more than $10,000 in them. The software can save you time and money that otherwise would go to an accountant.

Canua also offers a network of financial experts who can help with things like tax preparation and investment advice. That's designed to help you make decisions and take actions to pursue your financial goals.

Canua also connects to a broad range of data sources from more than 17,000 banks and brokerages, as well as popular crypto wallets and exchanges. You can also add real estate and other assets to your financial profile.

Canua's pricing isn't clear, but the company is offering a promotional 50% discount for the first year of service for people who sign up to file their FBAR. That shows the company is trying to offer a low-cost way to handle complicated finances.

Overall, Canua is designed to ease the drudgery of personal finance and automate as much as possible, which is a useful tool for people with complicated financial lives.

Published on June 14, 2024