Balance
Bangalore City, Karnataka, India
About Balance
Balance is a Bangalore-based financial technology company that which runs fintech app, Balance. It is a savings management app that invests users’ money in debt mutual funds that have zero lock-in and offer returns of up to 8.7% per annum. The app is designed to understand spending patterns of individuals and use its proprietary spend analysis engine to suggest saving methods. The company was founded by two IIT-Kanpur graduates, Kumar and Abhishek Malik.
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $10K – $50K
- Total funding: $233.2K
- Funding stage: M&A
- Last round: Seed (May 2017)
- Website: balance.tech
Industries & Categories
Finance, Financial Services, FinTech
Social Profiles
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