Vance Review
Comprehensive review and analysis of Vance's digital banking services
Quick Facts
- Founded
- 2022
- Head Office
- India
- Active Customers
- 200,000+
- Total Funding
- $25 million
- Employees
- 150+
- App Store Rating
- 4.4/5
Pros & Cons
Pros
- Quick credit approval
- Credit building
- Modern interface
- Rewards program
- Easy onboarding
- Financial education
Cons
- New to market
- Credit focus
- India-only availability
- Limited banking
Supported Countries
- India
Fees
- Account Maintenance Free
- Credit Card No annual fee
- Late Payment Standard charges apply
- Foreign Transactions 2.5% fee
- Cash Withdrawal 2.5% fee
Overview
Vance has focused on modern credit solutions since 2022. Their platform combines credit products with basic banking features, making credit services more accessible to Indian customers.
Key Features
Credit Services
- Credit cards
- Buy now, pay later
- Credit building
- Credit monitoring
- Payment plans
- Limit management
Banking Features
- Digital account
- UPI payments
- Bill payments
- Money transfers
- Payment scheduling
- Account management
Credit Tools
- Credit score tracking
- Payment reminders
- Credit education
- Limit increases
- Reward tracking
- Financial planning
Additional Services
- Rewards program
- Partner benefits
- Educational content
- Security features
- Support services
- Mobile app
Security Features
- Biometric authentication
- Transaction monitoring
- Fraud detection
- Device management
- PIN protection
- Instant blocking
Customer Support
- 24/7 assistance
- In-app chat
- Email support
- Help center
- Video guides
- Social media
Verdict
Vance excels in providing modern credit solutions with basic banking features. Their focus on credit accessibility and financial education makes them particularly valuable for users looking to build or manage their credit.
While the platform emphasizes credit services with limited traditional banking features, it offers excellent functionality for credit needs. The main limitations are the India-only availability and credit focus, but for Indian users seeking modern credit solutions, Vance provides an excellent option.