True Balance

India
Gurugram, Haryana, India

Company profile

True Balance company profile

True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money for living requirements. Affinit is a non-banking financial company (NBFC) licensed by the Reserve Bank of India (RBI), provides digital financial services through TrueBalance. It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago.

Business identity

Contact email
[email protected]
Phone number
(0120)-4001028
Operating status
Active
Company type
For Profit
Employee range
101-250 employees
Revenue range
$0-$1M
Founded
2014-01-01, Year

Headquarters

Country code
IN
Continent
Asia

Capital profile

Funding and company signals

Funding stage
Late Stage Venture
Funding rounds
17
Total equity funding
$119.9M
Last funding
Series E / $21.9M / 2026-02-10
Last equity funding
Series E / $21.9M
Investors
44
Lead investors
7
Founders
3
Articles
36

Founders and investors

Founders

Cheolwon LeeJay YiMartin Lee

Lead investors

BonAngels Venture PartnersCommunity Investment ManagementDaesung Private EquityNH Investment & SecuritiesNorthern ArcSamchully Asset ManagementSBVA

Investors

Korea Development BankKraftonNaverSBVAZ Venture Capital