Fintech start-up slice turns India's 41st unicorn in 2021, raises $220 mn

Fintech start-up slice has raised $220 million in a Series B round that values the company at over $1 billion, making it the latest entrant to India’s coveted unicorn club.

slice issues prepaid visa cards with a credit line that allows users to get credit card-like benefits as well as build their credit score. It claims to have more than 5 million registered users and a 40 per cent month-on-month growth rate accompanied by industry-leading risk metrics. This year has a huge investor interest in start-ups with fintechs leading the way.

The funding round was led by high-profile investors Tiger Global and