Vance
Vance, formerly known as Nesse LLC, is a fintech company based in India, specializing in consumer finance with a focus on international payments, credit provision, and global investment opportunities.
Overview of Vance
Vance, formerly known as Nesse LLC, operates in the Fintech industry with a focus on consumer finance. The company is based in Bengaluru, Karnataka, India, and also has a location in Maharashtra, India. Vance provides a comprehensive range of services such as international payments at live Google rates, credit in new countries, and global investment opportunities. The team size stands at 14 members, and the company has been part of the Y-Combinator batch W22.
Products and Services
Vance offers a variety of financial products and services. These include international payments at live Google rates, a mobile app available for download on both iOS and Android platforms, and the ability to manage money across multiple countries from a single account. Users can send money to India, save with NRI banking, and invest in over 1,100 Indian Mutual Funds. Vance provides digital options for opening NRE, NRO, and FCNR accounts along with a currency converter accessible on their website.
Security and Compliance
Vance prioritizes top-notch security with 256-bit encryption for all data, transfers, and transactions. The company holds an Anti-theft ISO/IEC 27001:2013 certification for information security and partners with banks regulated by the Reserve Bank of India (RBI) and financial institutions regulated by the Financial Conduct Authority (FCA). Ensuring transparency, Vance uses Google exchange rates and maintains no hidden charges for their services.
Customer Experience
Vance is rated 4.8 on Trustpilot, reflecting a high level of customer satisfaction. They claim users save £30 per transfer based on a pre-July 2023 study. The platform offers 24/7 support through email and in-app chat, and ensures straightforward, fast, and secure money transfers. New users benefit from a first transfer for free as a welcome offer. Their services are designed to be user-friendly, enabling recipients to be added and money sent to India within minutes.
Media Features and Recognition
Vance has been featured by several prominent media outlets including CNBC, Entrepreneur, Economic Times, YourStory, and Gulf News. This coverage underscores the company's growing influence and presence in the Fintech industry, particularly within South Asia and the broader Indian market.