True Balance

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Description

True Balance is a digital wallet and financial services platform by Balancehero India Pvt. Ltd., a subsidiary of Korea-based Balancehero Co. Ltd. Founded in 2014 by Charlie Lee, the app offers diverse financial services, including utility bill payments, recharges, loans, insurance, and more. Targeting unbanked users in India, it promotes financial inclusivity with a user base of 70 million. True Balance is supported by investors such as SoftBank Ventures Asia and Naver. The mobile app is designed to make transactions safer, faster, and easier.

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FAQ

What is True Balance and who is it designed for?

True Balance is a comprehensive digital wallet and financial services platform designed to cater primarily to unbanked users in India. Developed by Balancehero India Pvt. Ltd., it facilitates financial inclusivity by offering a wide range of services including bill payments, recharges, loans, insurance, and commerce.

What services does True Balance provide?

True Balance provides a variety of digital financial services such as utility and bill payments, mobile recharges, digital loans, insurance products, and a commerce platform. These services are accessible through its mobile application, making it a convenient one-stop solution for managing financial transactions.

How does True Balance enhance financial inclusivity?

True Balance enhances financial inclusivity by targeting unbanked populations in India, offering them access to essential financial services through a user-friendly mobile app. Its services include digital wallets, utility payments, recharges, and loans, providing users with the tools to manage their financial needs efficiently and securely.

What makes True Balance stand out in the digital wallet space?

True Balance stands out in the digital wallet space by focusing on serving unbanked users and providing a comprehensive suite of financial services. Supported by significant investors like SoftBank Ventures Asia and Naver, it combines digital payments, loans, and insurance in one platform, making it a versatile tool for financial management.

Who are the key investors backing True Balance?

True Balance is backed by prominent investors including SoftBank Ventures Asia, Naver, Shinhan Bank, TS Investment, Bon Angels, Mega Investment, IMM, Korea Development Bank, Capstone Partners, and Intervest. These partnerships reflect strong confidence in the platform's vision and potential for growth.

How can users troubleshoot common issues with the True Balance app?

For troubleshooting common issues with the True Balance app, users should ensure they have the latest version of the app installed. If problems persist, they can reach out to the customer support team through the app or website for tailored assistance. Keeping their device's operating system updated can also help prevent potential issues.

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Balance

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FAQ

What is True Balance and who is it designed for?

What services does True Balance provide?

How does True Balance enhance financial inclusivity?

What makes True Balance stand out in the digital wallet space?

Who are the key investors backing True Balance?

How can users troubleshoot common issues with the True Balance app?

FAQ

FAQ

What is True Balance and who is it designed for?

What services does True Balance provide?

How does True Balance enhance financial inclusivity?

What makes True Balance stand out in the digital wallet space?

Who are the key investors backing True Balance?

How can users troubleshoot common issues with the True Balance app?

Similar companies

Balance

Wala

Rebalance

Balanc3

Balancer

Valora

Belo

Batua

Bidali

MainWallet

RUNE BALANCE

Fivebalance