Relocating to a new country for working, studying or reuniting with the family can widen your career prospects and introduce you to exciting life experiences. As soon as you try to settle down in your expat life, you will have to deal with new expenses and, at the same time, access local financial resources. Here at Monadd, we have partnered up with Ocyan: They are a startup company that extends seamless support to expats who move to Germany through their relocation journey. Here are some reasons why we are collaborating with Ocyan:
What is the evolution story of Ocyan?
Ocyan, is the brainchild of Gabriele Cacciola, the co-founder and the CTO of the start-up along with Evangelos Pappas, co-founder and CEO. The story of Ocyan’s evolution traces its roots to 2015. It was when Gabriele Cacciola relocated from Italy to the UK to work in London. But the excitement of starting life in one of the top cities in the world was short-lived.
The reason was that he had to struggle to access several necessities. Traditional banks were the only banking option available for expats. It proved to be a hassle to open a deposit account. Furthermore, he faced difficulty in renting new accommodation as it required a deposit of six months’ rent. This pile, in addition to the costs of relocation can challenge anyone’s cash capabilities. Besides, getting a credit card or even a local mobile contract proved to be no easy task either.
The early start...
That is when Gabriele met Evan - an expatriate coming from Greece and working in London, who was facing the same difficulties. They started thinking about resolving such issues related to expats’ finance. After a lot of brain-storming, Ocyan was launched as a financial marketplace for expats. The startup began by offering its services to expats moving from the UK to Germany.
Ocyan launched its web app in the Summer 2020. Its services are already serving more than 400 users who relocate from different countries to Germany.
"Moving to Germany is made easy with Ocyan"
What Makes Ocyan Stand Apart From Its Competitors?
Ocyan is a comprehensive bouquet of financial services offered through the web app.The start-up helps you relocate without compromising on your financial freedom or standard of living.
Ocyan’s USP is that it enables you to receive financial services and offers from local businesses based on your credit profile in your home country. Users take advantage of financial technology to manage their currency. Ocyan lets you carry forward your monetary history with you. It helps you build a clear financial credibility for future lending, for instance. This means your financial position is clear to the lenders from day one and they know if you can be trusted as a customer.
What Are the Main Services That Ocyan Offers?
Ocyan's services for German expats
Ocyan offers its main services across a wide area in the financial system in Germany. Users can subscribe for free and meet a varied gamut of products that includes options for:
Tailored insurances - It connects you to the right insurance providers to meet your specific needs
Liability insurances - Personal & family, household items vehicle and bike theft
...and much more. If you browse the Ocyan website you can also find useful info about renting in Germany and moving to Germany.
How does it work?
Using Ocyan is simple. The first step is to sign up for free on Ocyan. All you need is your laptop or mobile phone and an email ID. Once you sign up, you can explore the specific services offered by this financial marketplace, depending on your requirements with just a few clicks. So, get ready to relocate with confidence.