Slice (company)

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Slice
TypePrivate
IndustryFinancial technology
Non-banking financial services
FoundedJanuary 2016
FounderRajan Bajaj[1]
HeadquartersBangalore, Karnataka, India
Area served
India
Key people
Rajan Bajaj (CEO)[2]
Websitesliceit.com

Slice (stylized as slice and formerly known as SlicePay)[2] is an Indian financial technology company, based in Bangalore. Founded in 2016, Slice is an app-based credit card challenger in India. The company has a non-banking financial company (NBFC) license from the Reserve Bank of India.

History[]

Slice was co-founded in January 2016 by Rajan Bajaj. The company started its operations initially by providing EMI payments services to the millennials and Gen Z population.[3][4][5][6] In 2019, in partnership with Visa, it launched the slice card which allows the users to make both online and offline payments.[7][8] It also received a non-banking financial company (NBFC) license from the Reserve Bank of India in the same year.[9]

Slice raised its seed round of funding from an early stage Indian Pre Series A investor - Blume Ventures.

Funding[]

Slice raised funding in both equity and debt from Gunosy Capital, Northern Arc and Das Capital, among other investors. It has raised a total of $73.7 million in debt and equity, as of July 2021.[10]

Awards and recognition[]

See also[]

References[]

  1. ^ Sarkar, Brinda (13 January 2021). "Slice looks to hire 300 employees, ramp up product and tech teams". Economic Times. Retrieved 30 July 2021.
  2. ^ a b Soni, Yatti (1 November 2019). "slice Finds A Niche With Its Digital Payment Card For Underserved Students And Freelancers". Inc42 Media. Retrieved 30 July 2021.
  3. ^ Kumar, Rajeev (6 July 2021). "How a Bengaluru-based startup is solving credit card woes of GenZ and millennials – slice by slice". The Financial Express. Retrieved 30 July 2021.
  4. ^ Down, Nirmalya (7 November 2017). "SlicePay: The 'buy now, pay later' start-up for students". Rediff. Retrieved 30 July 2021.
  5. ^ Sanghvi, Disha (28 August 2019). "Easy credit can derail students' money lives". Mint. Retrieved 30 July 2021.
  6. ^ Bhakta, Pratik (31 July 2020). "Slice Strengthens Top Deck, Poised For Growth In A Post-COVID World". Moneycontrol. Retrieved 30 July 2021.
  7. ^ Shah, Ishan (13 August 2020). "Why Rajan Bajaj of Slice thinks this is the best time to acquire customers?". Economic Times. Retrieved 30 July 2021.
  8. ^ Abrar, Peerzada (24 May 2021). "Slice, credit provider for young professionals, eyes $1 bn gross transactions". Business Standard India. Retrieved 30 July 2021.
  9. ^ Tripathi, Dhirendra (25 January 2019). "Student microfinancing start-up SlicePay gets RBI licence for NBFC play". Mint. Retrieved 30 July 2021.
  10. ^
  11. ^ "NASSCOM Emerge 50 Awards 2020" (PDF). NASSCOM. Retrieved 30 July 2021.
  12. ^ "Announcing the winners for the ORIGIN Innovation Awards 2020 · TechNode". TechNode. 19 November 2020. Retrieved 30 July 2021.
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