Fintech firm Slice becomes India's new unicorn
The round was led by
Slice (Written as slice) is a credit card challenger to pay bills, manage expenses and unlock rewards.
"We've kept our heads down in the initial years and focused solely on simplifying the consumer journey and creating a cutting-edge risk underwriting system," said Rajan Bajaj, Founder and CEO.
New and existing investors including
Users can sign up with Slice in seconds, quickly get a virtual card (and get a physical card delivered to their home), and enjoy up to 2 per cent cashback on each transaction.
Slice, which is shipping over 200,000 cards each month, recently opened doors to the new-to-credit population.
They can start their financial journey with the newly introduced card with a limit of Rs 2,000.
"Slice has built a product that customers love, which we expect will result in continued growth and market share gains," said Alex Cook, Partner at Tiger Global.
Slice said it now has a registered user base of over 5 million and a 40 per cent month-on-month growth rate accompanied by industry-leading risk metrics.
AdvertisementNearly 38 Indian startups have made it to the unicorn list this year, raising more than $32 billion (till October).
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