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True Balance logo — Loans| Utility Bill Payment I Recharges | Financial Products

True Balance

Loans| Utility Bill Payment I Recharges | Financial Products

Founded 2014 United Kingdom Abingdon, United Kingdom 11 employees Debt Financing Total: $43.23B Finance, Financial Services +2

General Information

Company Name True Balance
Founded Year 2014
Location United Kingdom Abingdon, United Kingdom
Employees 11
Industries Finance, Financial Services, Fintech +1
Funding Stage Debt Financing
Social

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About True Balance

Balancehero India is a fin-tech startup founded in 2014 and based in India. The company is a wholly-owned subsidiary of Balancehero Co. Ltd., Korea, and operates the mobile app True Balance, with a focus on providing financial platform services. True Balance, initially offering balance checks and data management, has expanded to include services such as digital wallet issuance, UPI, utility bill payment, and recharge loans. The company aims to cater to the unbanked users in India and has been enhancing its digital lending arms to serve its customer base. With a user base of 75 million, True Balance has garnered significant attention from investors and has secured funding from a diverse set of investors including SoftBank Ventures Asia, Line Ventures, Naver, Shinhan Bank, TS Investment, Bon Angels, Mega Investment, IMM, Korea Development Bank, Capstone Partners, and Intervest. The latest debt financing investment of KRW30.00B was received on 09 August 2023 from investors such as Aju IB Investment, Envestor, Tony Investment, 한양증권(주), Harang Technology Investment, and Open Water Investment. Overall, Balancehero India, through its True Balance app, has positioned itself as an influential player in the financial services and fintech industries by catering to the underserved population in India and has garnered substantial investor interest and funding support.

Business keywords: Fin-tech, Mobile application, Digital wallet, Utility bill payment, Recharge loan, Financial platform provider, Unbanked users, Digital lending, Prepaid instruments, Data management, SoftBank Ventures Asia, Line Ventures, Naver, Shinhan Bank, Korea Development Bank

Funding Rounds & Investors (14)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing KRW30.00B 6
Aju IB Investment Envestor Tony Investment
Aju IB Investment, Envestor +4
09 Aug 2023
Debt Financing INR2.23B 5
Northern Arc
Northern Arc, Shine Star +3
23 Nov 2021
Debt Financing INR1.11B 2
Pace Group, E-clear
18 Aug 2021
Debt Financing $10.00M 1
Northern Arc
Northern Arc
22 Mar 2021
Series D $28.00M 6
Daesung Private Equity Krafton SBVA
Daesung Private Equity, Krafton +4
18 Nov 2020
Series C $23.00M 7
HB Investment IBK Capital IMM Investment
HB Investment, IBK Capital +5
14 Oct 2019
Series B Undisclosed -
26 Feb 2019
Series B $23.00M 5
TS Investment Shinhan Bank
TS Investment, Shinhan Bank +3
20 Apr 2018
Series B INR1.00B 5
Korea Development Bank IMM Investment SBVA
Korea Development Bank, IMM Investment +3
20 Feb 2017
Series B KRW5.00B 3
InterVest Co. Capstone Partners
InterVest Co., Capstone Partners +1
08 Feb 2017

View All 14 Funding Rounds

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FAQ About True Balance

Loans| Utility Bill Payment I Recharges | Financial Products
True Balance was founded in 2014.
True Balance is headquartered in Abingdon, United Kingdom.
True Balance operates in Finance, Financial Services, Fintech and Payments. Its work centres on Fin-tech, Mobile application, Digital wallet and Utility bill payment.
True Balance has approximately 11 employees.
True Balance has completed 14 funding rounds, raising a total of $43.23B. The latest funding stage is Debt Financing.
Top alternatives and competitors to True Balance include 4PAY, Momo, cashpresso, Oxigen. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
True Balance and 4PAY are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for True Balance, https://bouncewatch.com/company/balancehero-india, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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