New Delhi: True Credits - the NBFC and an affiliate of an RBI-authorised lending company True Balance - on Tuesday announced a debt fundraise of $30 million (about Rs 223.2 crore) from investors, including Northern Arc, Arthmate, Shine Star and others. With this, the total debt fund raised stood at $55 million in FY2021, a statement said.

The fintech company has disbursed loans over Rs 600 crore in this calendar year through its licensed NBFC subsidiary - True Credits. The company intends to cater to customers within the monthly income bracket of Rs 10,000 to Rs 40,000. The company, which is logging 30-50% month-on-month growth, aims to achieve break-even before the end of this financial year.

True Balance Raises $30 Million In Debt For Financial Arm

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True Balance Raises $30 Million In Debt For Financial Arm

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