Further ramping up its aggressive expansion plans in a country that is seeing a surge in the demand for innovative and secure digital financial services, Gurugram-based Indo-Korean fintech firm True Balance is looking at doubling its headcount by the end of this year.
The utility payment and wallet company that has a mixed Korean-Indian workforce, has announced a host of vacancies across the board ranging from trainees to senior management positions including Java Developers, Android Developers, Product Managers as well as Partnership Managers.
Charlie Lee, Founder & CEO, True Balance stated, “True Balance was launched as a balance-check application but has quickly grown and evolved to become a trusted financial platform. We are looking at a long-term growth trajectory in India and to that effect, have already acquired the required PPI license. This has given us an impetus to launch multiple new features and diversify our portfolio. True Balance is here to disrupt the fintech industry and we firmly believe that in addition to the core services we offer, it is the right talent that will drive the brand to become a major player in India.”
Since its foray into the Indian market in 2016, True Balance has ramped up its workforce starting with just 21 employees in 2016 to 100 employees in 2018.
Recently, the firm raised fresh funds from India’s largest private bank, as part of the series B2 fundraising round to further help the brand to expand its services and hire new talent.
Given that NASSCOM predicts that India’s fintech software market alone could touch $ 2.4 Bn by 2020, no wonder firms like True Balance are doubling down to ride upon this wave. Last month, Balancehero India Private Limited (BHI), the wholly owned subsidiary of Balancehero Co. Ltd., Korea which runs True Balance had appointed Victor Choi as its new CEO in order to help drive growth and increased penetration for the company in a market that has significant untapped potential.