Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance.
The company will utilise the funds raised to expand its reach to youngsters across the country.
Founded in 2016 by Rajan Bajaj, Slice claims it has more than 150,000 individuals who use slice for their daily transactions.
Slice has recently raised Rs 46 crore in a funding round led by Gunosy. The startup is backed by investors like Finup, Blume Ventures, Das Capital and Simile Venture.
Commenting on this development, Rajan Bajaj, Founder and CEO, Slice, said, “This capital will help us refuel our books and support the unmet financial needs of young Indians who form the social and economic fabric of our country. We want to be the first card for millions of millennials and Gen Z in India, and deliver a truly VIP customer experience to them.”
“We are confident that our relationship with these institutions will help us collectively work towards empowering the next generation in taking a well informed step into financial freedom,” added Rajan.
Slice has built one-of-a-kind data-driven financial product – the Slice Card, which is a physical and virtual card, designed exclusively for young customers in India that includes freelancers, college students, and salaried professionals.
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