True Balance Secures $10 Million Debt Funding to Expand Digital Lending in India
Digital fintech platform True Balance has raised $10 million through a debt financing round to strengthen its lending operations across India. The funding was provided by a group of investors that includes Northern Arc Capital.
The capital infusion is expected to help the company scale its credit services and expand access to digital lending for underserved consumers.
Funding to Support Lending Expansion
The newly secured funds will primarily be deployed to boost the lending activities of True Credits Pvt Ltd, the non-banking financial company (NBFC) arm of True Balance.
With this funding, the company plans to broaden its range of loan offerings and introduce additional financial products aimed at meeting the needs of Indian borrowers.
Since its establishment in 2014, True Balance has focused on providing digital financial services to individuals who have limited access to traditional banking and formal credit channels. During the current financial year alone, the platform has already disbursed loans worth more than $30 million, reflecting increasing demand for quick and accessible digital credit.
Parent Company and Platform Services
True Balance operates under Balancehero India, which is the Indian subsidiary of South Korea-based fintech firm Balancehero Co., Ltd..
The platform provides a variety of financial services through its mobile application, including bill payments, mobile recharges, and personal lending solutions.
Since its inception, the company has raised nearly $150 million through a combination of equity and debt funding rounds. One of its major investment milestones was a $28 million funding round backed by global investors such as SoftBank and Daesung Private Equity. The latest debt funding comes almost three years after its previous major capital raise.
Driving Financial Inclusion
A core focus of True Balance has been improving financial inclusion by serving customers who are often overlooked by traditional lenders. Many of the platform’s users are first-time borrowers who may not have a formal credit score or established banking history.
By offering easy-to-access digital loan products, the company aims to provide reliable credit options to these underbanked segments of the population.
The fresh funding is expected to help True Balance expand its reach in India while developing new lending solutions tailored to the financial needs of emerging borrowers.
Conclusion
With additional debt financing and a growing demand for digital credit, True Balance is positioning itself to play a larger role in India’s fintech ecosystem. The company’s focus on underserved consumers and innovative lending solutions could further strengthen its presence in the country’s rapidly evolving digital finance market.
Disclaimer
This article is based on publicly available information and official statements. The content is intended for informational purposes only. The publication does not independently verify third-party claims or geopolitical assertions mentioned in international developments.