A mobile financial platform developed by Gurugram-based Balancehero India Pvt. Ltd has raised $28 million in series D funding round.
SoftBank Ventures Asia, Naver, BonAngels, Daesung Private Equity, and Shinhan Capital participated in the funding round. Headquartered in Seoul and Gurgaon, the fintech firm has raised about $90 million to date.
The firm will use the funding to accelerate the company’s expansion plans in India while strengthening the technology that drives it.
The Series D investment will primarily help Balance Hero to achieve breakeven point for their business along with achieving profitability by Q2 of next year.
True Balance is a mobile app that lets its users check their mobile call & data balances. It started off and further developed from the realization of the inconvenience of prepaid mobile users who were having to check their balances countless times a day.
–AK
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.