True Balance is a balance management utility application that helps users save and manage their mobile balances.
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.
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 | Daesung Private Equity Softbank Ventures Asia | — | Detail |
Oct 14, 2019 | Series C | $23M | 7 | NH Investment & Securities | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Northern Arc | Yes | Debt Financing |
Daesung Private Equity | 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 |
Shine Star | — | Debt Financing |
E-clear | — | Debt Financing |
Pace Group | — | Debt Financing |