Balancehero India Appoints Financial Services Industry Veteran Souparno Bagchi as Chief Operating Officer

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Balancehero India Appoints Financial Services Industry Veteran Souparno Bagchi as Chief Operating Officer

Posted on February 2, 2022

~ foster growth and provide strategic vision to the organization ~

Balancehero India Private Limited (BHI), the wholly owned subsidiary of Balancehero Co. Ltd., Korea, which manages and operates “True Balance”, (the RBI authorized PPI issuing entity and emerging lending platform) , today announced the appointment of a leading financial services and fintech director, Souparno Bagchi, as Chief Operating Officer (COO).

During a career spanning more than two decades, Mr. Bagchi held various senior positions at Deloitte, Goldman Sachs and Tata Consultancy Services. He has straddled many global, cross-functional impact roles across the banking and finance sectors, primarily spanning the areas of Wealth Management, Alternative Finance, Lending, Transactions & Settlements, Payments and financial crime compliance. From leading strategic new business creation mandates to driving digital transformation, partnership and intrapreneurship programs, Mr. Bagchi has demonstrated a wealth of thought leadership, building and leading highly successful global teams and businesses. efficient.

He holds a distinguished academic background with a postgraduate degree from Indian School of Business (ISB), Hyderabad.

Commenting on the appointment, Charlie Lee, Founder and CEO of Balancehero India, said, “The fintech industry is constantly evolving with more and more companies, enterprises and SMEs, today realizing the true power of digital transformation. Neobanks is definitely the next banking revolution. At Balancehero India, our vision is to make finance accessible to the next billion users in India, who despite having a bank account, have limited access to credit. At True Balance, we have built a next-generation financial platform that helps us tap into the untapped market in India. After breaking even last year, we are now looking at listing within the next three years. We are confident that Souparno, with its vast experience in the financial services and lending space, in global and domestic markets, will play a vital role in our mission to provide credit to ‘uncredited’ Indians and further develop the ‘business. »

“I have always believed in the convergence of ‘Doing Good and Doing Good’. The Fintech revolution in India has further cemented this opportunity and True Balance is a standout example of a company that lives by this mantra. In India, we have come a laudable path in bridging the digital divide and we are now at the inflection point to leverage the journey we have made in bridging the credit divide. By providing access to finance for everyone, True Balance is changing the landscape of the credit industry. I am thrilled to be part of this dedicated team and to further accelerate the vision of the organization,” added Souparno Bagchi, COO, Balancehero India

With remarkable growth this year, Balancehero India has crafted a multi-pronged strategy to accelerate its growth and make True Balance the platform of choice for users who are underbanked or unserved by traditional financial institutions, payment users not online. , and users who do not have a credit score. This key leadership appointment will play a crucial role in driving the company’s expansion plans.

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