Balancehero India, a subsidiary of Balancehero Korea which operates RBI authorised money lending platform ‘True Balance’, has announced the appointment of Souparno Bagchi as the fintech company’s new Chief Operating Officer.   

Charlie Lee, Founder & CEO, Balancehero India said, “The intech industry is constantly evolving with more enterprises, corporates and SMEs, today realizes the true power of digital transformation. Neobanks is definitely the next revolution of banking. 

He also added that at Balancehero India, the vision is to make finance accessible to the next billion users in India, who despite having a bank account have limited access to credit. The team at True Balance has built a next-generation financial platform that is helping us penetrate the untapped market in India and they are certain that Souparno with his wealth of experience in financial services and lending space, in global as well as domestic markets, will play an integral role in the company’s mission to provide credit to the ‘uncredited’ Indian and grow the company further.

Bagchi boasts a career spanning two decades in various leadership positions at Deloitte, Goldman Sachs and Tata Consultancy Services. He has exhibited impactful skills across domains like wealth management, alternate finance, lending, trades, settlements and financial crime compliance. 

He has completed his post graduate degree from Indian School of Business (ISB) Hyderabad.

Commenting on his appointment, Souparno Bagchi, COO, Balancehero India said,“I have always believed in the convergence of ‘Doing Well and Doing Good.’ The fintech revolution in India has further emboldened that opportunity and True Balance is a distinguished example of a company that is living by this mantra. In India, we have traversed a commendable path in bridging the digital divide and now we are at the inflection point of leveraging the journey covered to bridge the credit divide. By providing access to finance for all, True Balance is changing the landscape of the lending industry. I am delighted to be a part of this dedicated team and to further accelerate the vision of the organization”.