Slice, a fintech unicorn, completes ESOP buybacks worth Rs 65 crore

Slice had in November last year raised $220 million in a Series-B round that valued the fintech company at over $1 billion

Fintech unicorn Slice has completed an ESOP buyback worth Rs 65 crore, the company said on Monday. Around 60 of both former and existing employees, holding vested stocks in the company, are eligible for the buyback.

In November last year, Slice had raised $220 million in a Series B round that valued the company at over $1 billion. The company issues prepaid visa cards with a credit line that allows users to get credit card-like benefits as well as build their credit score. The company claimed to have more than 7 million registered users with a 40 per cent month-on-month