Inspiration
Meet the Youngest Indian to build a crypto software in the US
Arnav was declared the youngest Indian to build accounting software for digital currency in the US at 21 years of age.
Arnav Bathla, a young entrepreneur from Jalandhar has made waves in Silicon Valley with his innovative start-up. His success story is an example for all aspiring entrepreneurs who are looking for opportunities to make it big in the tech world. After he dropped out of college and moved to the US with a one-way ticket, Arnav was declared the youngest Indian to build accounting software for digital currency in the US at 21 years of age.
Arnav is the founder and CEO of Coinbooks, a San Francisco-based Web3 startup, building accounting software designed for crypto-native organizations. The company, which Arnav calls “Quickbooks for crypto,” has now raised a total of $3.2 million with support from world-class investors like Lattice Capital, Founders, Inc., and Multicoin Capital. The company was also accepted into Silicon Valley’s Y Combinator program participating in the summer 2022 batch.
In an interview with Forbes Digital, Arnav said that ever since he was 13 years old, he was always fascinated by computers and technology. He was then inspired by the stories of Mark Zuckerberg and Steve Jobs to create a product of his own that will impact billions of people all over the world.
The idea of Coinbooks came with the vision to make it easier for businesses to manage their finances without having to worry about complex calculations or tedious paperwork. Arnav achieved this by leveraging blockchain technology and creating a secure and reliable platform for businesses to track their financial data with ease. The features of the software include decentralized governance, smart contracts, tokenization, asset management, security tokens, digital asset exchange integration, and more. These features are designed to provide businesses with the tools they need to make informed decisions and ensure compliance with regulations. The businesses can be sure that they are operating at peak efficiency while also ensuring that their customer’s data is secure.
In a statement given to The Block, the 21-year-old CoinBooks founder said, “Existing accounting platforms integrate with your bank account. DAOs and crypto companies use wallets for their crypto transactions. This means they have to manually copy-paste transactions onto existing platforms to track their crypto.”
Additionally, the software provides users with the ability to set up automated rules for trading and investing in cryptocurrencies. This makes it easier for users to stay on top of the ever-changing crypto markets and make informed decisions about their investments. Coinbooks is currently building the fastest accounting software for crypto-native organizations and already has customers like Layer3, ThirdWeb, and Pointer. The company has also established partnerships with bookkeeping and tax preparation companies like Fondo, Metacounts, and Electrafrost.
Arnav has also won one of the most prestigious awards at NASA Ames Space Settlement Contest and Recognition of Excellence with Distinction (three times consecutively) for the presentation of the Space Settlement Design at the International space conference by NSS(National Space Society).
In an interview, his proud parents shared, “The fact that our son’s work has got acknowledged today by major investors of Silicon Valley as one of most innovative professionals brings us a great sense of satisfaction. He was a student at Apeejay School here before moving to United World College, Pune. He remained a winner of the NASA Space Settlement Contest three times consecutively for his presentation of the Space Settlement Design at the International Space Conference by the National Space Society.”
“He has worked on some of the most prestigious assignments in the fields of economics, stock marketing, and computer science. He has even been accepted into On Deck, a community of ambitious builders. He started by building side projects, one of which became the top-ranked product on Product Hunt (a space to vote on products). Our son’s unique experience, global perspective, strong academic credentials, and record of achievements in the field makes us feel so proud of him,” they added.
Arnav envisions a world where everyone pays in crypto and that a decade from now, every company that transacts in crypto will use Coinbooks.