True Balance Overview

  • Founded
  • 2014

Founded
  • Status
  • Private

  • Employees
  • 149

Employees
  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 25

True Balance General Information

Description

Developer of an online lending platform intended to provide wallet, utility, and other payment options to customers. The company's platform provides utility bill payments, e-commerce purchases, essential insurance, and online lending, enabling users to utilize digital financial services and digital lending facilities.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Primary Office
  • Huda City Centre Metro Station
  • 5th floor, sector- 29
  • Gurgaon, Haryana 122001
  • India
+91 0120 000 0000

True Balance Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

True Balance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Secondary Transaction - Private 01-Sep-2021 00000 Completed Generating Revenue
9. Debt - General 18-Aug-2021 0000 00000 Completed Generating Revenue
8. Debt - General 22-Mar-2021 0000 00000 Completed Generating Revenue
7. Later Stage VC (Series D) 18-Nov-2020 000.00 000.00 00000 Completed Generating Revenue
6. Later Stage VC (Series C) 15-Oct-2019 000.00 000.00 00000 Completed Generating Revenue
5. Later Stage VC (Series B2) 03-May-2019 0000 000.00 Completed Generating Revenue
4. Early Stage VC (Series B) 20-Feb-2017 0000 000.00 Completed Generating Revenue
3. Early Stage VC (Series A) 29-Mar-2016 00.00 00.00 Completed Generating Revenue
2. Seed Round 01-Jan-2015 $1M Completed Generating Revenue
1. Accelerator/Incubator 01-Jan-2015 $1M $1M Completed Generating Revenue
To view True Balance’s complete valuation and funding history, request access »

True Balance Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Ordinary 00,000,000 00.000000 00.00 00.00 00 00.00 00.000
Ordinary 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Ordinary 14,488,779 $0.134593 $0.64 $0.64 1x $0.64 7.19%
To view True Balance’s complete cap table history, request access »

True Balance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of an online lending platform intended to provide wallet, utility, and other payment options to customers. The
Financial Software
Gurgaon, India
149 As of 2022
00000
00000000000 00000

000000

nsectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut eni
000000000 00000000
Amsterdam, Netherlands
000 As of 0000
000.00
0000000 0000 000.00

0000 0

iqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commo
000000000 00000000
Navi Mumbai, India
0000 As of 0000
00000
0000 0000-00-00
00000000 00000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

True Balance Competitors (13)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Recharge.com Private Equity-Backed Amsterdam, Netherlands 000 000.00 0000000 0000 000.00
0000 0000000 Formerly PE-Backed Navi Mumbai, India 0000 00000 00000000 00000
0000000000 Formerly VC-backed Mumbai, India 000 000.00 000000&0 000.00
000000 0000000 000 Formerly VC-backed Mumbai, India 000 000.00 000000&0 000.00
00000 000000000000 Formerly VC-backed Gurugram, India 0 00.00 000000&0 00.00
You’re viewing 5 of 13 competitors. Get the full list »

True Balance Executive Team (11)

Name Title Board Seat Contact Info
Cheolwon Lee Co-Founder & Chief Executive Officer
Vishal Bhatia Chief Financial Officer, BHI
Souparno Bagchi Co-Chief Operating Officer
Steven Choi Co-Chief Technology Officer & Chief People Officer
Jack Yoon Co-Chief Technology Officer
You’re viewing 5 of 11 executive team members. Get the full list »

True Balance Board Members (2)

Name Representing Role Since
Byung Chang True Balance Board Member 000 0000
Joonpyo Lee SoftBank Ventures Asia Board Member 000 0000
To view True Balance’s complete board members history, request access »

True Balance Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

True Balance Investors (25)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Daedeok Venture Partners Venture Capital Minority 000 0000 000000 0
Daesung Private Equity Venture Capital Minority 000 0000 000000 0
G.N. Tech Venture Capital Corporate Venture Capital Minority 000 0000 000000 0
InterVest Venture Capital Minority 000 0000 000000 0
SB Partners (South Korea) Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 25 investors. Get the full list »