SEOUL, April 28, 2025 – Balancehero, a leading fintech company operating in India and founded by CEO Charlie Lee, announced that it shared its artificial intelligence (AI)-powered microfinance technology and success stories in the Indian market with the World Bank and global financial policymakers during a recent visit to its Korea office.
On April 25, more than 40 policymakers from Indonesia, Vietnam, the Philippines, and Pacific island nations visited Balancehero as part of a joint policy training program organized by the World Bank and the Korea SMEs and Startups Agency. The visit aimed to discuss best practices in fintech for developing countries and explore financial inclusion strategies for low- and middle-income populations.
During the event, Balancehero presented its rapid growth story as a Korean fintech firm expanding in India, highlighting the company’s technological edge in AI-based alternative credit scoring (ACS) and the positive social impact of its inclusive financial services. The company engaged in a Q&A session focused on the technical advantages of its AI credit assessment and the broader implications for financial inclusion.
Balancehero currently provides microcredit services to India’s 1 billion mid- and low-credit individuals using its proprietary ACS, which leverages a large language model (LLM) and machine learning (ML) technologies. By analyzing smartphone data and transaction histories, the platform recommends optimized loan products and enables quick loan approval—often within one minute—even for those excluded from traditional financial systems.
The company’s AI-driven microfinance model has been recognized as a significant example of expanding financial inclusion in developing economies. Building on this exchange, Balancehero plans to strengthen collaboration within the global financial innovation ecosystem and continue its mission to make financial services universally accessible.
