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True Balance raises $23 million from a group of Korean investors

R Sinduja

News Editor

True Balance raises $23 million funding from a group of new & existing investors. It started as a mobile balance management services startup but evolved into a financial services company. The startup has also received its NBFC license for its lending arm, True Credits from country's central bank. It will use the funding to expand its loan book, bolster its technology & business-focused talent acquisition efforts & marketing.