Posted:1 week ago|
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Founded by Charlie Lee in Korea in 2014, Balancehero began operations in India in 2016 as a balance check application. Since then, it has evolved into a comprehensive financial services provider. The company aims to build a financial platform for the next billion, offering loans, utility services, pay-later options, and commerce services.
True Balance, owned and operated by the BalanceHero Group, is an RBI-authorized Prepaid Payment Instrument (PPI) issuing entity. Through its subsidiary True Credits Private Limited (RBI-licensed NBFC) and other RBI-approved partners, it offers a range of financial services, including instant loans, utility bill payments, and mobile recharges.
Launched in India in 2016, True Balance has grown into one of the country’s leading financial services platforms, with more than US$84 million in equity funding from marquee global investors such as Softbank, Naver, and Line. Its mission is to become the go-to financial platform for the next billion Indians, supporting the Digital India initiative and driving financial inclusion for the unbanked and underbanked.
Website: www.truebalance.io
Balancehero India
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