Bengaluru-based payments and credit startup Slice (formerly known as SlicePay) has raised Rs 39 Cr in debt funding from multiple financial institutions. Some of them includes Vivriti Capital Private Limited, Northern Arc Capital Limited, InCred Financial Services Limited, Growth Source Financial Technologies Pvt Ltd, and Ashv Finance Limited.
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.
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."