Fintech startup Slice raises Rs 39 Cr in debt funding

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Finetech startup Slice
Finetech startup Slice

Fintech startup Slice raises Rs 39 Cr in debt funding

Bengaluru-based installments and credit startup Slice (some time ago known as SlicePay) on Wednesday declared that it has brought Rs 39 crore up in the red subsidizing from different money related foundations. Some of them incorporates Vivriti Capital Private Limited, Northern Arc Capital Limited, InCred Financial Services Limited, Growth Source Financial Technologies Pvt Ltd, and Ashv Finance Limited.

The organization will utilize this new asset mixture to develop its book and enlarge the span of their credit answers for youths the nation over.

Established in 2016 by Rajan Bajaj, Slice has fabricated stand-out information driven monetary item – the Slice Card, which is a physical and virtual card, planned only for youthful clients in India that incorporates specialists, undergrads, and salaried experts.

Fintech startup Slice

Remarking on this turn of events, Rajan Bajaj, Founder and CEO, Slice, stated,

This capital will assist us with refueling our books and backing the neglected money related requirements of youthful Indians who structure the social and financial texture of our nation. We need to be the main card for a great many recent college grads and Gen Z in India, and convey a really VIP client experience to them

We are sure that our relationship with these establishments will help us all in all work towards engaging the cutting edge in stepping into independence from the rat race,” added Ranjan.

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Sponsored by driving VCs, for example, Gunosy Capital, Das Capital, Finup, Blume Ventures India, Simile Venture Partner, EMVC, Tracxn Labs, Better Capital, Sachin Bansal’s Navi close by blessed messenger financial specialists, for example, Kunal Shah, Slice says it has arisen as a favored card of decision for Gen Z and recent college grads across 20 significant urban areas in India.

It professes to have prepared an exchange volume of Rs 1,100 crore to in excess of 260,000 adolescents since initiation. As of March 2020, Slice has been giving Slice Cards at a yearly run-pace of more than four lakh new clients and has a NPS of more than 70.

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