Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

July 19, 2025

Simply Asset Finance introduces the AI Kara assistant

July 19, 2025

This Week in Fintech: Biweekly News Summary for June 24

July 19, 2025

Fintech will embrace DeFi loans within the next three years.

July 19, 2025
Facebook X (Twitter) Instagram
Trending
  • Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News
  • Simply Asset Finance introduces the AI Kara assistant
  • This Week in Fintech: Biweekly News Summary for June 24
  • Fintech will embrace DeFi loans within the next three years.
  • Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution
  • Kara Unveils AI Lending Assistant at Simply Asset Finance
  • Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis
  • Fintech investors prefer Delaware over Texas for bankruptcy proceedings.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025
  • AI

    Simply Asset Finance introduces the AI Kara assistant

    July 19, 2025

    Kara Unveils AI Lending Assistant at Simply Asset Finance

    July 18, 2025

    Improving Accuracy and Efficiency with Claude Financial Services AI

    July 18, 2025

    AI-Powered Financial Services That Integrate Your Complete Financial Landscape for Enhanced Diligence, Modeling, and Analysis

    July 18, 2025

    A clear strategy is essential for ongoing accountability in financial services driven by AI.

    July 18, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025
  • Insights

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalรฉsaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025
  • Rumors

    Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

    July 19, 2025

    Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

    July 18, 2025

    The dollar is affected by speculation about Powell in the markets.

    July 17, 2025

    Tesla has announced that the new six-seat YL model will launch in China later this year.

    July 17, 2025

    Markets experienced a chaotic day amid speculation that Trump might fire Jerome Powell.

    July 17, 2025
  • Startups

    Fintech will embrace DeFi loans within the next three years.

    July 19, 2025

    Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

    July 18, 2025

    Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

    July 18, 2025

    The Upcoming Zerodha? Fintech Startups Riding the Brokerage Surge

    July 18, 2025

    Paris-based fintech platform Spiko secures 18.9 million euros to make treasury yields more accessible to everyone.

    July 17, 2025
  • finjobsly
fintechbits
Home ยป VentureSoul makes its first debt bet with a real balance of INR 20 Cr – StartupNews.fyi
Startup News

VentureSoul makes its first debt bet with a real balance of INR 20 Cr – StartupNews.fyi

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
True Balance Funding Social .png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link
SUMMARY

True Balance, which provides loans, will use the funds to further expand its operations.

Last month, VentureSoul marked the first close of its debut fund, whose target corpus is INR 600 Cr, to around INR 145 Cr.

The fintech startup is operated by Balancehero India, a wholly-owned subsidiary of Korean company Balancehero Co. Ltd.

Marking the first deployment of its first venture debt fund, VentureSoul Partners has provided INR 20 Cr debt to tech startup True Balance.

The startup will use the funds to further expand its operations, the venture debt firm said in a LinkedIn post.

Last month, VentureSoul marked the first close of its debut fund, whose target corpus is INR 600 Cr, to around INR 145 Cr.

The fund is a Category II alternative investment fund (AIF) registered with SEBI and has garnered commitments from family offices, corporates, high net worth individuals (HNIs) and other investors.

True Balance is operated by Balancehero India, a wholly owned subsidiary of Korea-based Balancehero Co. Ltd. The startup began operations in India in 2017 after obtaining license from the Reserve Bank of India (RBI) to provide wallet services. In 2019, True Balance received approval from the central bank to operate as a non-banking financial company (NBFC).

It offers loans up to INR 1.25 Lakh and utility bill payment services. True Balance targets customers with credit scores of 650 and above and currently manages assets worth INR 1,100 Cr and serves over 9 Lakh active customers.

The fintech startup competes with MobiKwik, Paytm, PhonePe, Navi, among others, in India.

The startup recorded a consolidated net profit of INR 58.8 Cr in the financial year 2022-23 (FY23), up 17 times from INR 3.4 Cr in the previous financial year. Operating revenue jumped 1.8 times to INR 431.1 Cr from INR 243.9 Cr in FY22.

This development comes at a time when debt financing is at an all-time high, exacerbated by the current financing winter and the emergence of new avenues for obtaining capital. The debt route also allows startup founders and other shareholders to fuel growth without diluting their stakes.

According to Inc42 data, debt investments in Indian startups more than doubled to $576 million in the first half of 2024 compared to $285 million during the same period a year ago.

Just a few days ago, an agrotech startup WayCool secured INR 100 Cr debt financing of the Grand Anicut. Before that, edtech startup Vedantu also pocketed INR 19.25 Cr in debt and equity. funding from Stride Ventures.

Last month, IPO-bound adtech startup InMobi also secured $100 million in debt financing from Mars Growth Capital.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fintech will embrace DeFi loans within the next three years.

July 19, 2025

Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

July 18, 2025

Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

July 18, 2025
Leave A Reply Cancel Reply

Latest news

Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

July 19, 2025

Simply Asset Finance introduces the AI Kara assistant

July 19, 2025

This Week in Fintech: Biweekly News Summary for June 24

July 19, 2025
News
  • AI in Finance (1,381)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (252)
  • Regulatory Updates (151)
  • Startup News (925)
  • Technology Innovations (155)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,381)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (252)
  • Regulatory Updates (151)
  • Startup News (925)
  • Technology Innovations (155)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.