Sequoia Capital is in advanced talks to invest in Vance, a Bengaluru-based fintech startup that offers a neobanking platform for non-residential Indians (NRIs) to facilitate cross-border payments and invest in Indian mutual funds. This investment would mark Sequoia’s return to the Indian startup scene after spinning off its India and Southeast Asia operations into Peak XV Partners. Founded in 2022, Vance has a user base of 146,000 NRIs and has processed over $75 million in transactions. Previously, Sequoia invested heavily in Indian startups like Zomato and BYJU’S during its 17-year tenure in the region.