Neobank Firm Vance Raises $5.8 Million In Seed Round Led By Hummingbird Ventures
10/03/22, 10:06 AM
Location
san franciscoMoney raised
$5.8 million
Industry
banking
fintech
financial services
Round Type
seed
BANGALORE: Global neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
Company Info
Location
san francisco, california, united states
Additional Info
Founded in 2022 by Parth Garg, a Stanford dropout, Vance aims to change the way global citizens engage with financial services. Their vision is to build an all-encompassing banking platform, which will allow users to seamlessly manage separate accounts, exchange currencies, and eventually, invest in equities across markets. Unlike multi-currency wallets, a Vance account allows users to transact using local rails in different countries. The goal – enabling users to use direct debit in the US