- No. of Employees199
- Founded Year 2014
- Company StagePrivate Limited Company
- Total Funding₹1,056.23 Cr
- Industry
- Headquarter
- Company StatusActive
Balancehero India Pvt. Ltd. is a fin-tech company that serves as financial platform provider through its app “True Balance” and provides wallet, utility or other payment options, loans, etc. True Balance aims to serve India 2 and 3 with utility payments financial platform for the unbanked users to serve their money for living requirements. With this aim company is enhancing its digital lending arms to serve its customers.
“True balance” initially focused on balance check, data management, before expanding into other service categories such as issuance of pre-paid instruments in the form of digital wallet, UPI, Utility bill payment, Recharge Loan.
True Balance is a digital lending app that provides personal loans ranging from ₹1,000 to ₹1,00,000 through its registered NBFC, True Credits Pvt Ltd. It facilitates access to financial services, offering cash loans to users seeking small to medium-sized amounts.
- SoftBank Ventures, IMM Investment, LINE Ventures