Founder and CEO: Vance Inc (YC W22)
Company Overview: Vance Inc (YC W22)
- Founded: 2022 by Parth Garg
- Industry: Fintech, specifically neo-banking and cross-border financial services
- Headquarters: London, with operational bases in Bengaluru, Karnataka, India
- Employee Strength: 14 employees
- Operational Scope: Enables seamless cross-border banking for international travelers, migrants, and cross-border freelancers by allowing transactions at local rates and minimizing commission fees.
Key Achievements and Milestones
- Seed Funding: Raised $5.8 million in a seed round dated October 3, 2022. The funding was led by Hummingbird Ventures, with participation from Global Founders Capital, Soma Capital, and notable angels such as Alan Rutledge and Gokul Rajaram.
- Y Combinator: Part of Y Combinator's Winter 2022 batch, providing strategic support and acceleration for the company.
- Expansion Plans: Aiming to expand the team size from 10 to 30 in 6 months post-funding, with ambitions to offer services in UAE and UK by end of 2022, and enter five additional countries by Q1 2023.
Academic and Professional Background
- Education: Bachelor of Science in Physics from Stanford University
- Professional Experience: Prior roles include positions at Shorooq Partners, where Parth Garg gained significant experience beneficial to his current leadership at Vance Inc.
Professional Recognition and Awards
- Represented UAE at the Asian Physics Olympiad, highlighting significant strengths in analytical and problem-solving skills.
- Recipient of the Bronze Medal in the National Mathematics Olympiad and Silver Medal in the National Physics Olympiad, showcasing a solid foundation in STEM disciplines.
Contact Information
- Social Profile: LinkedIn (500+ connections) - [Visit LinkedIn Profile](https://uk.linkedin.com/in/parth29)
- Primary Location: London, GB
This details the professional landscape and achievements of Parth Garg, providing a comprehensive view necessary for understanding the strategic direction and aspirations of Vance Inc under his leadership.
