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Fintech Startup True Balance To Close Series D Funding Round Soon, Sets Eyes On India

Last year, True Balance had raised $23 Mn in a Series C funding round. The investments reportedly came in from Korean investors which include NH Investment & Securities, IMM Investment, HB Investment, IBK Capital, D3 Jubilee Partners, SB Partners and Shinhan Capital. True Balance (introduced by Balance Hero) was launched in 2014 by Charlie Lee. True Balance had received an RBI license to operate its wallet service in India and began its operation in December 2017. True Balance wallet lets users pay in advance for mobile recharges, much like Paytm and Mobikwik.

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