Vanq is a payments platform that enables users to combine the credit limits of multiple cards to pay bills, allowing for flexible payment options and installment plans of up to 12 months. This technology addresses the challenge of managing multiple credit cards by simplifying transactions and maximizing available credit for various payment needs.
Funding
$600K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers struggle to manage multiple credit cards, leading to difficulties in tracking spending, maximizing credit limits, and optimizing payment schedules. Existing solutions often lack the flexibility to consolidate credit lines for larger purchases or to distribute payments across different cards based on user-defined rules.
Solution
Vanq offers a payment platform that enables users to combine the credit limits of multiple cards to make payments, providing increased purchasing power and simplified financial management. Users can link their existing credit cards to the Vanq platform and then make payments using a single Vanq card (physical or virtual). The platform intelligently routes payments to the user's preferred card in real-time or according to pre-set rules, optimizing for payment terms and rewards. Vanq also offers installment payment options, allowing users to pay bills over a period of up to 12 months.
Target Audience
Vanq targets individuals who use multiple credit cards and seek a simplified, more flexible way to manage their finances and maximize their credit utilization.
Features
- Combine credit limits from multiple cards for single transactions
- Pay any "boleto" (Brazilian payment slip)
- Option to split payments across multiple credit cards
- Installment payment plans up to 12 months
- Real-time card selection via mobile app
- Rule-based payment routing based on user preferences (e.g., card with best payment terms, specific spending categories)
- Tokenization of credit card information for enhanced security
- Physical Vanq card without printed card number for added protection
- Mobile app with dashboards for tracking spending across all linked cards