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True Credits raises $30 Mn in debt funding to offer payday loans

Shortpedia

Content Team
Image Credit: Inc42

True Credits, a non-banking financial company (NBFC), operated by True Balance, raised $30 Mn in debt funding from investors across India and Korea, raising a total of $55 Mn in FY2021. Northern Arc, Arthmate, Shine Star, E clear and Hinduja, and other Korean investors were the participants in the round. True Balance India, a wholly-owned subsidiary of Balancehero Co. Ltd., Korea, is an RBI-authorised lending platform.