Ankit Gandass

Balancehero India

Balancehero India Private Limited (BHI), the wholly-owned subsidiary of Balancehero Co. Ltd., Korea which runs and operates the mobile App "True Balance". The company launched its mobile application "True balance" in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago. The term "True Balance" also represents as trade name of Balancehero group (Balancehero co. Ltd., Korea and its subsidiaries companies). 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. App "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. The app provides the best services that accumulated data of 75 million users to date. True Balance has raised fund from SoftBank Ventures Asia, Line Ventures, Naver, Shinhan Bank, TS Investment, Bon Angels, Mega Investment, IMM, Korea Development Bank, Capstone Partners and Intervest.