Stanford dropout's global neobanking firm Vance raises $5.8 mn

Cross-border neobanking platform Vance has raised $5.8 million in a seed funding round led by Hummingbird Ventures and saw participation from Global Founders Capital, YCombinator and Soma Capital. Angel investors such as Alan Rutledge and Gokul Rajaram also participated. Founded by Stanford dropout Parth Garg in 2022, the company aims to build an all-encompassing banking platform for its users.