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slice Revenue, Valuation, Funding & Investors
slice is valued at $450M as of September 2026.
Last slice valuation
$450M
Undisclosed stage · Sep 2026
Last slice funding round
$43M
Undisclosed stage · Sep 2026
slice revenue
$100M
Series C · Jun 2022
Key investors in slice
Blume Ventures
Moore Strategic Ventures
Gunosy Capital
Tiger Global
Insight Partners
DAS Capital
About slice
slice is a Bengaluru-based digital banking platform in India offering UPI-linked credit cards, savings accounts, fixed deposits, and instant loans. Its app supports ATM withdrawals via UPI and seamless fund transfers. Launched in 2016, slice serves urban millennials with no-fee banking and rewards on spends at partners like Swiggy and Zomato.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Revenue
$100M (Jun 2022)
Valuation
$450M (Sep 2026)
slice Valuation
slice is currently valued at $450M, based on its undisclosed-stage round in September 2026.
The $43M round was led by Neo Asset Management, with participation from Raise Financial Services, Kado Investments, Blume Ventures and Moore Strategic Ventures.
slice's valuation has grown 2.3x from $200M at its undisclosed-stage round in June 2021 to $450M in September 2026, across 4 priced rounds.
slice valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2026 | Undisclosed stage | $450M | - |
| Jun 2022 | Series C | $1.5B | 15.0x |
| Nov 2021 | Series B | $1B | 16.7x |
| Jun 2021 | Undisclosed stage | $200M | - |
slice Revenue
slice's latest recorded revenue is $100M, as of its Series C in June 2022. At a $1.5B valuation, that implies a 15.0x revenue multiple.
Revenue grew from $60M in November 2021 to $100M in June 2022, while the revenue multiple moved from 16.7x to 15.0x.
slice revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $100M | $1.5B | 15.0x | Series C |
| Nov 2021 | $60M | $1B | 16.7x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
slice Funding History
slice has raised a total of $350M across 8 funding rounds.
slice's first fundraising round was a $500K seed round in February 2016. The most recent completed round was a $43M undisclosed-stage round in September 2026.
slice funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Undisclosed stage | Neo Asset Management (lead); Raise Financial Services; Kado Investments; Blume Ventures; Moore Strategic Ventures | $43M | $450M | Slice Small Finance Bank raised about $100 million in a fresh funding round at a post-money valuation of about $450 million to $470 million, with existing backers including Blume Ventures, Moore Strategic Ventures, Neo Group, Kado Global, Raise Financial Services and PixelSky Capital participating. The round included a primary issuance of compulsorily convertible debentures and partly paid shares, plus a small secondary component sold by existing shareholders to incoming investors. The transaction came as Slice completed its transition into a bank and sought capital to support its next phase of growth, with the fundraise described as its first institutional round after becoming a bank. Reported investor allocations included Blume Ventures at about ₹44 crore, alongside commitments from Moore Strategic Ventures, Kado Global, Raise Fintech and PixelSky Capital, while the round was reportedly fully subscribed. Slice is a fintech-turned-lender focused on consumer banking and credit products, and it had previously raised large venture rounds before its merger with North East Small Finance Bank. Its earlier funding history included a $220 million Series B that valued it above $1 billion and a later $20 million round from Blume Ventures and Gunosy, before the company’s valuation was reset in this latest bank-stage financing. |
| Oct 2024 | Series A | Rajan Bajaj (lead); Culture Cap | $9M | - | Slice, a Bengaluru-based fintech unicorn, provides prepaid accounts, UPI payments, consumer credit, and buy-now-pay-later services targeted at young consumers, millennials, and Gen Z. The company recently completed a merger with North East Small Finance Bank, forming a unified banking entity to offer comprehensive banking products. On October 17, 2024, Slice raised Rs 71.7 crore (approximately $8.5-8.6 million) from founder and CEO Rajan Bajaj through partly paid-up equity shares at Rs 32,606 each, issued in tranches for general business purposes. Rajan Bajaj led the round as the sole investor, continuing a trend of founders investing in their startups. Slice previously achieved unicorn status in 2021 with a $220 million Series B round valuing it over $1 billion, led by Tiger Global and Insight Partners. As of March 2023, its valuation stood at $1.3 billion. The company has raised over $250 million historically from investors including Tiger Global, Insight Partners, and Blume Ventures. |
| Jun 2022 | Series C | Tiger Global (lead); DMI AIF Sparkle Fund; GMO VenturePartners; Insight Partners; Moore Strategic Ventures | $50M | $1.5B | Slice is an India-based fintech company founded in 2016 by Rajan Bajaj that offers virtual and physical credit cards, BNPL services, and financial products to young consumers. The company raised $50 million in its Series C funding round in June 2022, with participation from Tiger Global Management (lead), GMO VenturePartners, Insight Partners, and Moore Strategic Ventures. The post-money valuation for this specific round was not publicly disclosed. At the time of the Series C round, Slice reported an average revenue run rate (ARR) of $100 million and processed $265 million in gross transaction value (GTV) monthly, with a registered user base of 12 million. The company offered 2% cashback on purchases and buy-now-pay-later services, recently adding support for UPI payments. Slice had previously raised $220 million in Series B funding in November 2021 at a $1.3 billion valuation, demonstrating strong investor confidence in the digital lending and fintech sector in India. |
| Nov 2021 | Series B | Insight Partners (lead); Tiger Global (lead); 8i Ventures; Seek Ventures; Anfa; Blume Ventures; Binny Bansal; Gunosy Capital; Moore Strategic Ventures; Sunley House Capital Management | $220M | $1B | Slice is a Bangalore-based fintech credit card startup founded in 2015 by Rajan Bajaj that offers flexible payment solutions, bill management, and reward points to tech-savvy young professionals in India. The company has positioned itself as a market-leading card-issuing firm in India with products aimed at digital-native users. In November 2021, Slice raised $220 million in a Series B funding round co-led by Tiger Global and Insight Partners, with participation from Advent International's Sunley House Capital, Moore Strategic Ventures, Anfa, and existing investors Gunosy, Blume Ventures, and 8i. The round valued the company at over $1 billion, marking its unicorn status—a five-fold increase from its prior valuation of under $200 million just six months earlier in June 2021. At the time of the Series B round, Slice was operating with an annual revenue runrate exceeding $60 million. The company has evolved through multiple iterations, originally starting as a rental platform called Mesh, then pivoting to a buy-now-pay-later offering as Buddy before focusing on card issuance in 2019. The capital was intended to further develop product offerings and expand hiring within India's underpenetrated credit and payments market. |
| Jun 2021 | Undisclosed stage | Blume Ventures; Gunosy Capital | $20M | $200M | Slice is an India-based fintech startup focused on providing payment cards and credit products to millennials and Gen Z consumers underserved by traditional banks. The company began in 2015 as a rental startup before pivoting to buy-now-pay-later payments and eventually to card issuing in 2019. Slice's core product is a digital-first credit card issued in partnership with Visa and SBM Bank India, featuring the ability to split purchases into three interest-free monthly installments—the "slice" feature that gives the company its name. In June 2021, Slice raised $20 million in a Series A funding round led by existing investors Blume Ventures and Gunosy Capital, at a valuation of $200 million. This round preceded the company's larger Series B in November 2021, when it raised $220 million at a $1 billion valuation from Tiger Global and Insight Partners. By the time of the June 2021 round, Slice had approximately 600 employees and was issuing over 200,000 cards monthly to around 5 million registered members. The company targets users under 30 who lack traditional credit history, offering features including up to 2% cashback on transactions, weekly brand deals, and digital signup entirely through mobile apps. Slice planned to use the June 2021 funding to expand hiring in engineering, design, and data science, while preparing to launch UPI payments support and new product offerings. |
| Jun 2020 | Series B | Gunosy Capital (lead); Better Capital; EMVC; DAS Capital; Kunal Shah | $6M | - | Slice is an Indian fintech startup founded in 2015 that provides credit card features and digital payment solutions to young Indians, particularly students, freelancers, and blue-collar workers who lack traditional credit history. The company's core offering is a prepaid card paired with a pre-approved credit line, enabling users to build credit scores while accessing flexible payment options and rewards programs. In June 2020, Slice raised $6 million in a pre-Series B financing round led by Japan-based Gunosy, with participation from EMVC, Kunal Shah of CRED, Better Capital, and existing investor Das Capital. At the time of this round, Slice had grown to serve 250,000 customers and announced plans to reach 500,000 customers within the following year. The company was operating profitably and had built proprietary technology to assess creditworthiness among young consumers, demonstrating sustainable unit economics even during the COVID-19 pandemic with default rates expected to remain below 5%. |
| Oct 2017 | Seed | DAS Capital (lead); Simile Venture Partners (lead); Blume Ventures | $2M | - | - |
| Feb 2016 | Seed | Blume Ventures (lead); Tracxn Labs | $500K | - | - |
Who has invested in slice?
23 investors have backed slice across its funding rounds, including Blume Ventures, Moore Strategic Ventures, Gunosy Capital, Tiger Global, Insight Partners and DAS Capital.
Lead investors include Neo Asset Management, Rajan Bajaj, Tiger Global, Insight Partners, Gunosy Capital and 3 other investors.
slice Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2016 | ||
| 3 | Lead | Jun 2020 | ||
| 3 | Participant | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Lead | Oct 2017 | ||
| 1 | Lead | Oct 2024 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 23 slice investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by slice
slice has acquired 1 company to date.
Last acquisition by slice was on October 4th 2023. slice acquired North East Small Finance Bank for $1.4B.
Latest Acquisitions by slice
| Description | North East Small Finance Bank is a scheduled commercial bank operating in Northeast India that delivers deposit accounts, loans, and digital banking services to small businesses, marginal farmers, and unorganized sectors. Headquartered in Guwahati, Assam, the bank converted from the Assam Rural Cooperative Bank in 2018 and holds a network of over 150 branches across seven states including Assam, Meghalaya, and Nagaland. It emphasizes technology-driven operations for microfinance and agricultural credit, serving more than 200,000 customers with assets exceeding INR 1,500 crore as of 2023. |
| HQ Country | |
| HQ City | Guwahati |
| Deal Date | 4 Oct 2023 |
| Valuation | $1.4B |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all slice acquisitions and their M&A valuation multiples. Start Free Trial | |
slice Competitors
slice competitors include listed companies like Paysafe and CPI Card, and private ones like Slash, Lithic, Atom Bank and NiYO Solutions.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $370M | 2.5x | ||
| Private | - | - | $800M | - | ||
| Private | $101M | - | $481M | 4.8x | ||
| Private | $13M | - | $500M | 38.5x | ||
| Publicly listed | $1.7B | $341M | $327M | 1.5x | ||
| Publicly listed | $544M | $77M | $280M | 0.9x |
slice Public Comps
slice is still privately-owned, but its public comps include Commercial Facilities Kuwait, Valu, United Wholesale Mortgage, PensionBee, goeasy, Abaxx Technologies, loanDepot, Morrow Bank, Oportun and Hypothekarbank Lenzburg.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $56M | - | 14.8x | - | - | - | |||
| $108M | $22M | 4.1x | 7.0x | 20.2x | - | |||
| $1.6B | - | 3.8x | 2.4x | - | - | |||
| $57M | ($5M) | 6.6x | 5.5x | (81.4x) | 107.9x | |||
| $1.2B | ($76M) | 2.9x | 3.1x | (47.1x) | - | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| $897M | - | 5.7x | 4.0x | - | - | |||
| $137M | - | 3.7x | 2.9x | - | - | |||
This data is available for Pro users. Sign up to see all slice competitors and their valuation data. Start Free Trial | ||||||||
Common questions about slice
| When was slice founded? | slice was founded in 2016. |
| Where is slice headquartered? | slice is headquartered in Bangalore, India. |
| Is slice publicly listed? | No, slice is a private, VC-backed company. |
| What is slice's valuation? | slice was last valued at $450M in its undisclosed-stage round in September 2026. |
| How much funding has slice raised? | slice has raised $350M across 8 funding rounds. |
| What was slice's last funding round? | slice's last funding round was a $43M undisclosed-stage round in September 2026, led by Neo Asset Management. |
| Who are slice's investors? | slice's investors include Blume Ventures, Gunosy Capital, Moore Strategic Ventures, Tiger Global, Insight Partners, DAS Capital, Rajan Bajaj, Raise Financial Services, 8i Ventures, Better Capital and 13 others. |
| What is slice's revenue? | slice's latest recorded revenue is $100M (June 2022). |
| What is slice's revenue multiple? | slice's latest valuation implies a 15.0x revenue multiple ($1.5B valuation on $100M of revenue). |
| Which companies are comparable to slice? | Companies comparable to slice include Slash, Lithic, Atom Bank, NiYO Solutions, Paysafe and CPI Card. |
| How many companies has slice acquired? | slice has acquired 1 company, including North East Small Finance Bank. |
| What was the largest acquisition by slice? | The $1.4B acquisition of North East Small Finance Bank in October 2023 is the largest acquisition slice has made to date. |
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