Mumbai: Digital financial services platform True Balance has secured $10 million in debt funding from a group of investors led by Northern Arc Capital to accelerate the growth of its lending arm, True Credits Pvt Ltd. The fresh capital infusion will help the company scale its digital lending operations and introduce new loan products for Indian consumers.
The funding marks another step in True Balance’s strategy to strengthen its presence in India’s rapidly expanding digital lending ecosystem, particularly targeting underserved and underbanked populations who have limited access to traditional banking services.
According to the company, the newly raised debt capital will be deployed to expand True Credits’ lending portfolio, enhance loan disbursement capabilities, and roll out additional credit products tailored to the evolving needs of Indian borrowers.
Founded in 2014, True Balance has positioned itself as a fintech platform focused on financial inclusion, offering services to users who are either new to credit or underserved by conventional financial institutions. Through its NBFC subsidiary True Credits, the company provides small-ticket personal loans designed for individuals who may not have formal credit histories or established credit scores.
During the current financial year, True Credits has already disbursed more than $30 million in loans, reflecting growing demand for quick and accessible digital credit solutions among India’s expanding base of smartphone users.
True Balance is operated by Balancehero India, the Indian arm of South Korea-based fintech company Balancehero. The platform offers a wide range of digital financial services including mobile recharges, bill payments, and personal loan products, serving millions of users across the country.
The company’s lending platform primarily focuses on borrowers who are often overlooked by traditional banks, including first-time borrowers and individuals with limited credit history. By leveraging digital technology and alternative data-driven underwriting models, True Balance aims to bridge the financial access gap for millions of Indians.
To date, True Balance has raised approximately $150 million in funding through a mix of equity and debt rounds. One of its notable funding milestones includes a $28 million investment round led by SoftBank and Daesung Private Equity. The company’s last major funding round took place nearly three years ago.
With India witnessing rapid growth in fintech adoption and digital lending demand, the latest funding is expected to help True Balance expand its footprint in the competitive instant loan and digital credit market, while continuing its mission of delivering accessible financial services to underserved communities.
Industry analysts note that the rise of fintech platforms like True Balance is playing a crucial role in democratizing access to credit, especially for users who have traditionally remained outside the formal banking system.
As digital financial adoption continues to grow across India, True Balance’s expanded lending capabilities could further strengthen its position among the country’s emerging personal loan and fintech lending platforms.
