True Balance
True Balance is a mobile financing platform operated by Balancehero India Pvt. Ltd, a wholly-owned subsidiary of Balancehero Co Ltd. Korea. Its Android app lets users check mobile call and data balances without internet connectivity and gives real-time information on the best telecom plans and offers, alongside products across payment, loan, commerce and insurance. True Balance is an RBI-licensed Prepaid…
True Balance: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 23 Nov 2021 | Debt | $30 Mn | Arthmate E clear Hinduja Northern Arc Capital Shine Star | source |
| 18 Aug 2021 | Debt | $15 Mn | E clear Pace | source |
| 22 Mar 2021 | Debt | $10 Mn | Northern Arc Capital | source |
| 19 Nov 2020 | Series D | $28 Mn | Daesung Private Equity SoftBank Ventures Asia Bon Angels Naver Shinhan Capital | source |
| 14 Oct 2019 | Series C | $23 Mn | D3 Jubilee Partners HB Investment IMM Investment NH Investment & Securities SB Partners Shinhan Capital | source |
| 20 Apr 2018 | Series B2 | $23 Mn | SoftBank Ventures Korea Capston Partners IMM Investment Group Korea Development Bank Line Ventures Corporation Mega Investment Shinhan Bank TS Investment | source |
News on True Balance
No coverage of True Balance linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on True Balance
Who founded True Balance?
True Balance was founded by Cheolwon (Charlie) Lee, Jay Chaeyong Yi in 2014.
How much funding has True Balance raised?
True Balance has raised $129 Mn across 6 tracked funding round(s), most recently on 2021-11-23. Figures are compiled from cited public sources.
Who are the investors in True Balance?
Investors in True Balance include Arthmate, E clear, Hinduja, Northern Arc Capital, Shine Star, Pace.
What does True Balance do?
True Balance is a mobile financing platform operated by Balancehero India Pvt. Ltd, a wholly-owned subsidiary of Balancehero Co Ltd. Korea. Its Android app lets users check mobile call and data balances without internet connectivity and gives real-time information on the best telecom plans and…
Where is True Balance headquartered?
True Balance is headquartered in Gurugram, Haryana, India.
What is True Balance's business model?
True Balance's core value proposition centers on Check mobile balance without internet, Personal loans for the underserved/underbanked, One-stop bill payments and recharge, RBI-licensed digital wallet.
How does True Balance make money?
True Balance's cited revenue streams include Interest income on personal loans.