TrueBalance is set to close Series D Funding Round

TrueBalance is set to close Series D Funding Round

SoftBank-backed True Balance is set to close its Series D funding round – founder says they are focussed on lending in India

In this article, published in October 2020 on Business Insider, narrates how True Balance is focused on Indian lending market. The story is basis of an interview conducted with Charlie Lee. The article talks about the lending journey of True Balance since its inception in 2019, and the 100% growth month-on-month. It has also briefly explained the future focus of True Balance which is – The one billion middle-class users, with a monthly income of ₹20,000-₹50,000. Importantly, this article highlights the possibility of True Balance closing Series D funding through investors from Japan, Korea and India. India is one of the fastest growing country and is therefore a huge market for app-based financial services.


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