Slice (company)

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.

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

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]

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. 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.
  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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