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A digital wallet service, True Balance was founded by Cheolwon Lee, Jay Yi, and Martin Lee in 2014.
Basic Information
TrueBalance enables users to access utility bill payment and other financial products. Headquartered in Gurugram, it aims to serve India with utility payments financial platform for the unbanked users to serve their money for living requirements. It has received funding from the likes of Bon Angels Venture Partners, Softbank, and NH Investment & Securities.
Legal Name
:
Balancehero Co Ltd
Headquarters
:
Gurgaon, Haryana, India
Founding Date
:
17th Jul 2014
No. of Employees
:
101 to 150
Core Team
:
1.  
Cheolwon Charlie Lee
Founder & CEO
2.  
Martin Lee
Co-Founder & CTO
3.  
Jay Chaeyong Yi
Co-Founder & Chief Creative Officer
4.  
Victor Choi
Chief Executive Officer

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Funding

Total Funding

$144.6M

Investors
:
1.  
Bon Angels Venture Partners
2.  
NH Investment & Securities
3.  
Softbank Ventures Asia
4.  
Daesung Private Equity

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Detail Round Breakdown
Round 1

$30M

Series Name
:
OTHER
Date
:
23rd Nov 2021
Investors
:
1.  
Northern Arc
2.  
Hinduja Group
3.  
Eclear Leasing & Finance
4.  
Shine Star

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