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True Balance

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True Balance is a digital wallet that enables users to access utility bill payment and other financial products

Gurugram, IndiaFounded 2014Fintech

Valuation $100–250M Last recorded · 2020

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About True Balance

Digital financial platform offering instant personal loans, mobile wallet, and utility payment services in India.

Operated by Balancehero India Pvt. Ltd., the company provides a suite of financial products through its mobile application. The core of its business is facilitating quick and accessible credit to users, with loan services managed by its licensed NBFC subsidiary, True Credits. This model allows the company to cater to a wide range of customers, particularly those in need of immediate funds.

Beyond lending, the platform integrates a digital wallet for seamless transactions, mobile recharges, and the payment of utility bills. This positions True Balance as a comprehensive financial tool for its users. The company primarily targets the Indian market, with a focus on individuals who may have limited access to traditional banking services, thereby addressing the needs of the underbanked population.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2014
Headquarters: Gurugram, India
Employees: 178
Open positions: 8
Dealroom signal: 62.8/100
Industry: Fintech
Sub-industry: Mortgages & Lending, Payments, Insurance
Sector: Fintech, Personal Finance, Insurtech Distribution and Brokerage, Digital Wallet, Consumer Lending
Client focus: b2c
Links: Website LinkedIn X

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
DEBTDebt	Mar 2026	$10M	—	Northern Arc	↗
CONVERTIBLEOther financing	Aug 2023	$23M	—	Openwater Investment · Hanyang Securities · TONY Investment · Harang Technology Investment	↗

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Growth signals

True Balance website traffic

Latest recorded traffic for True Balance is 81K monthly website visits, up 2.5% over the last three months. True Balance's team declined 26.7% over the past year.

Latest monthly visits81K 3-month web change+2.5% 1-year team growth-26.7%

Monthly website visitsDec 2018–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Senior Manager/Manager-PRGurugram, Haryana, India · Marketing & Communication · Feb 24, 2026 Head of InsuranceGurugram, Haryana, India · Accounting · Feb 24, 2026 Frontend DeveloperSector 44, Gurugram, Haryana 122003, India · Frontend Development · Jan 17, 2026 Treasury ManagerSector 44, Gurugram, Haryana 122003, India · Finance · Jan 17, 2026

4 distinct openings shownExplore hiring signals →

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