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True Balance raises $15 Mn for its NBFC arm

Shortpedia

Content Team
Image Credit: Inc42

True Balance India, an RBI-licensed NBFC operated by Balancehero India, the wholly-owned subsidiary of Balancehero, Korea, has raised $15 Mn in debt funding from Pace, E-clear, and other investors in Korea, to support the company’s expansion in India. The startup’s current funding comes at the heels of its first round of debt funding in March 2021, wherein it raised $10 Mn from Northern Arc for the NBFC arm.