True Balance
A digital wallet service, True Balance was founded by Cheolwon Lee, Jay Yi, and Martin Lee in 2014.
. Financial Services, . FinTech

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. See more

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.

Jay Chaeyong Yi

Co-Founder & Chief Creative Officer

3.

Martin Lee

Co-Founder & CTO

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Funding

Total Funding

$144.6M

Investors

:

1.

Northern Arc Capital

2.

NH Investment & Securities

3.

Softbank Ventures Asia

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Detail Round Breakdown

Round 1

$30M

Series Name

:

OTHER

Date

:

23rd Nov 2021

Investors

:
1.

Northern Arc Capital

2.

Hinduja Group

3.

Eclear Leasing & Finance

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