20 Nov Tech Crunch: Payments app True Balance raises $28 million to reach more underbanked users in India
In this article, published in November 2020 on Tech Crunch, reports about the funding of $28 million in series D round from SoftBank Ventures Asia, Naver, BonAngels, Daesung Private Equity, and Shinhan Capital. The story is basis an interview conducted with Charlie Lee on funding and expansions. It also goes on to narrate how the finances from this round of funding, will be used by the company to reach the underbanked users in India. The article gives an overall picture of the business and how True Balance has catered to the millions of Indians who don’t have a credit score. It also briefly explains the furture trajectory of the company which has seen a 300% surge, in growth in the last three months.
The funding announcement was also shared with other publications and has been published in The Economic Times –
Similar articles were also published in Inc42 – Fintech Startup True Balance Raises $28 Mn Funding; Eyes Profitability, Tech Circle – True Balance rakes in $28 million from South Korean investors to fuel expansions where they particularly mentioned the investment secured in Series D funding.