slice

Founded in 2016 by Rajan Bajaj

slice is India’s leading consumer payments and credit company focused on providing financial services to Indians.

2016

slice founded
Rajan Bajaj launches SlicePay, a buy now pay later (BNPL) product for the GenZ and millennial population.
2016

Seed Round
Slicepay raises $500K in seed round led by Blume Ventures and Tracxn Labs. They go on to raise another $992K from Simile Venture Partners and existing ventures in continuation of its seed round.
2016

$2M in Annual Run Rate
Slicepay completes $2M in Annual Run Rate within nine months since its launch. Slicepay is now available in 120+ colleges.
2017

slice acquires Trustio
In its first acquisition, Slicepay buys P2P lending platform Trustio.
2017

Series A
The company raises $2M in its Series A round led by Blume Ventures. Some existing and new investors also participated.
2017

30K+ orders every month
Slicepay now boasts of a loan book of ₹45 Crs and caters to more than 30K+ orders every month.
2018

Launch of credit card for millennials
Slicepay partners with Singapore-based MatchMove to launch a pay-later credit card for millennials.
2019

New Beginnings
Slicepay gets an NBFC license from RBI. The company also unveiled a new logo to reflect the growth of the brand.
2020

RuPay Launch
SlicePay launches Rupay prepaid card powered by Yes Bank. Meanwhile, Slicepay has now rebranded to slice..
2020

1M+ transactions
slice reaches 1M transactions with 200K active customers and 300K more on the waiting list.
2020

Series A
slice raises $31M in its ongoing Series A round from Gunosy, FinUp and multiple other investors in various rounds of cash infusion. They go on to raise an additional $25.5M from Blume, Sony Innovation Fund, DG Daiwa and other investors.
2020

The first of many!
slice launches a first of its kind card with credit limit of ₹2000, lowest in the Indian market.
2021

Series B
slice raises $220M in its Series B round from Tiger Global, Insight Partners and Moore Ventures partners and crosses $1B in valuation to become a fintech unicorn.
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2022

Series C
The company raises $68.8M in its Series C round from Tiger Global Management with participation from some existing investors.
2022

Slice integrates UPI
slice integrates UPI into its app to become a one-stop payment app for its users.
2023

Indian fintech unicorn slice secures rare approval to merge with bank
Indian unicorn fintech slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an extremely rare feat that has eluded many tech giants, top financial startups and tycoons for decades.
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