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True Balance
company
About
True Balance is a balance management utility application that helps users save and manage their mobile balances.
- Gurgaon,Haryana,India
- 101 - 250
- http://truebalance.io
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $23M
- Industries
- Apps,Financial Services,FinTech,Mobile Payments,Personal Finance
- Founded date
- Jul 17, 2014
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Balancehero Co.,LTD
- Also Known As
- Balance Hero,Balancehero India
True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money for living requirements.It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
9
$84M ₹4.34B ₩800M
True Balance has raised a total of
$84M ₹4.34B ₩800M
in funding over 2 rounds. Their latest funding was raised on
Nov 23, 2021 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 23, 2021 | Debt Financing | ₹2.23B | 5 |
Northern Arc
|
— | Detail |
| Aug 18, 2021 | Debt Financing | ₹1.11B | 2 | — | — | Detail |
| Mar 22, 2021 | Debt Financing | $10M | 1 |
Northern Arc
|
— | Detail |
| Nov 18, 2020 | Series D | $28M | 5 |
Softbank Ventures Asia
|
— | Detail |
| Oct 14, 2019 | Series C | $23M | 7 |
NH Investment & Securities
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
8
23
True Balance is funded by 23 investors.
Northern Arc
and Daesung Private Equity
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Northern Arc
|
Yes | Debt Financing |
|
|
Yes | Series D |
|
Softbank Ventures Asia
|
Yes | Series D |
|
NH Investment & Securities
|
Yes | Series C |
Arthmate
|
— | Debt Financing |
Eclear Leasing & Finance
|
— | Debt Financing |
Hinduja Group
|
— | Debt Financing |
|
|
— | Debt Financing |
|
|
— | Debt Financing |
|
|
— | Debt Financing |
Employee Profiles
Number of Employee Profiles
2
True Balance has 2 current employee profiles, including
Executive Cheolwon Lee
Executive
Executive
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