Balancehero was founded in 2014 and started its journey with prepaid mobile balance checking mobile application through “True ... Balance” and expanded its business into mobile recharge, utility payment, lending, insurance and ecommerce targeting 1 billion unbanked population in India. To effectively provide a wide range of financial products to unbanked population, True Balance has developed its proprietary credit scoring system, ACS (Alternative Credit Scoring System) based on 80M user data and the products are distributed via 100K Resellers who are spread across whole India. True Balance aims to become a 'Digital Financial Platform for Billion Unbanked Users' and have raised fund from world class investors including, but not limited to, Softbank Ventures Asia, ICICI Bank, Korea Development Bank, IMM, Naver and Line. In ’19 October, True Balance received NBFC license and successfully renewed PPI license from Reserve Bank of India. True Balance's latest activities includes: 2020 Apr. - launched COVID19 insurance pack partnered with ICICI Lombard 2020 Jan. - Daily loan product transaction exceeds 40k 2019 Nov. - Participates '2019 Korea Venture Summit' as Pre-Unicorn startup and VC's 'Most Prefered Startup' read more