Vance raises $5.8 million in funding from Hummingbird, others

4 Oct 2022 , 09:46 AM

Vance, a global neo-banking platform, has raised $5.8 million in a seed round headed by Hummingbird Ventures.

Global Founders Capital, YCombinator, Soma Capital, and seasoned angel investors like Alan Rutledge and Gokul Rajaram also participated in the round.

Vance, a company founded in 2022 by Stanford dropout Parth Garg, intends to transform how people interact with financial services worldwide.

Their goal is to create a comprehensive banking platform that will enable customers to manage multiple accounts, trade currencies, and eventually invest in stocks globally. A Vance account enables users to conduct transactions utilizing local rails in several nations, unlike multi-currency wallets. The objective is to make it possible for consumers to use US direct debit while effortlessly utilizing India’s UPI rails through the same account.

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