Balancehero India, the parent company of True Credits, an RBI-licensed NBFC lending through the TrueBalance fintech app, has secured $75 million in debt financing from Community Investment Management (CIM), a US-based institutional impact investment manager.
The funds raised will be used to expand into new markets, product categories, and customer segments across India.
Founded in 2014 by Charlie Lee, Balancehero India is a Gurugram-based fintech company that operates the popular mobile application True Balance. The company focuses on providing financial services to the unbanked and underserved populations in India 2″ and India 3.
Over the past year, True Credits’ monthly loan disbursals have consistently crossed ₹500 crore. Powered by Balancehero’s AI-driven underwriting and disciplined risk management, the company continues to demonstrate sustainable unit economics and regulatory alignment.
Anupam Vasadani, Group CFO, Balancehero, said, “This investment underscores the strength of our model and the discipline with which we’ve built it. Our AI-enabled underwriting, solid unit economics and compliance-first approach position us well for the next stage of growth. Strengthened liquidity and CIM’s impact-capital approach enable us to responsibly serve millions more borrowers and accelerate our vision of ‘Finance for All’.”
Ravi Vukkadala, Country Director, India, CIM, said, “We are pleased to partner with True Credits as we embark on our vision of an ambitious investment footprint in India. The company’s focus on responsible credit delivery to underserved segments aligns well with CIM’s strategy of backing scalable fintech platforms. Drawing on our experience over the past 12 years of investing in over 50 leading fintech companies globally and enabling more than US$30 billion in credit, we expect this investment to support True Credits’ next phase of growth.”
“A large segment of India still lacks access to dependable credit. CIM’s focus on backing innovative fintechs that expand fair credit access aligns with our commitment to building a financial system where everyone has the tools they need to move forward. By partnering with Balancehero, we are supporting an AI-driven lending model that expands access responsibly and at scale. Balancehero’s disciplined risk systems and deep understanding of underserved users align well with CIM’s commitment to backing fintech innovators who broaden fair credit access,” he adds.
