SoftBank Ventures Asia and Naver helped the mobile financial services provider push its overall funding past the $90m mark.
South Korea-headquartered financial services app developer True Balance has raised $28m in a series D round backed by telecommunications and internet group SoftBank and internet company Naver, TechCrunch has reported.
Financial and leasing services firm Shinhan Capital also participated in the round, alongside BonAngels Venture Partners and Daesung Private Equity, while SoftBank invested through SoftBank Ventures Asia. It brought the company’s total funding to about $90m since it was founded in 2014 according to TechCrunch.
True Balance’s core product was…
