Founded in 2016 by Rajan Bajaj, Slice offers credit and payment cards (in partnership with Visa and SBM Bank), targeting young consumers with limited to no credit history.
Recently, the fintech unicorn rolled out its UPI payments product, shifting its focus from providing credit to offering overall payments, which puts it in competition with Paytm , PhonePe , Google Pay, and BHIM, among others.
Slice Future Plan
Fintech unicorn Slice has received shareholders' approval to raise Rs 200 crore by allotting Non-Convertible Debentures (NCDs).
The news comes three weeks after the fintech startup raised $50 million as part of its Series C round from Tiger Global Management , Moore Strategic Ventures , Insight Partners , and GMO VenturePartners
The startup said it will use the capital to support its new UPI product expansion. To date, Slice has raised $270 million in total funding.