Line Ventures and Naver contributed to a bridge round for the mobile balance-checking and recharging app developer, which launched a mobile wallet in December.
India-based digital payment technology provider True Balance has raised $23m in bridge funding from investors including mobile messaging platform developer Line and internet group Naver, the Economic Times reported on Friday.
The round’s participants also included financial services firm Shinhan Bank and investment holding company TS Investment. Line, which was owned by Naver before it went public, invested through corporate venturing unit Line Ventures.
Founded in 2014, True Balance offers an app that can be used by mobile network customers…
