True Balance

True Balance is a digital wallet that enables users to access utility bill payment and other financial products.

Launch date

Jul 2014

Employees

Market cap

Enterprise valuation

Company register number 2208883715

Gurugram Haryana (HQ)

Date	Investors	Amount	Round
-	Capstone Partners Partners Investment NCore Ventures ES Investor Mega Investment D3 Jubilee Partners Z Venture Capital SB Partners Daedeok Venture Partners Aju IB Investment	N/A	-
Mar 2015	BonAngels	KRW800m	Seed
Oct 2015	N/A	N/A	Seed
Mar 2016	SBVA	N/A	Series A
Feb 2017	SBVA	INR1.0b	Series B
Apr 2018	N/A	$23.0m	Series B
Feb 2019	N/A	N/A	Series B
Oct 2019	IBK Capital Shinhan Capital HB Investment IMM Investment NH Investment & Securities	$23.0m	Series C
Nov 2020	SBVA BonAngels Daesung Private Equity Group Naver Shinhan Capital	$28.0m	Series D
Mar 2021	Northern Arc	$10.0m	Debt
Aug 2021	Pace Group E-clear	$15.0m	Debt
Nov 2021*	Hinduja Group Northern Arc E-clear Arthmate Technologies Shine Star	$30.0m	Debt
Aug 2023*	Openwater Investment Aju Hotels & Resorts Hanyang Securities TONY Investment Envester Harang Technology Investment	$22.8m	Convertible
Total Funding		€101m

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