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

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.

Rajan Bajaj
Premium

Rajan Bajaj, founder and CEO, slice

Peerzada Abrar Bengaluru
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 29 2021 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com