Slice cuts an investment deal with Axis Bank, preps new funding round

Slice cuts an investment deal with Axis Bank, preps new funding round

author-image

Pratik Bhakta

122 reads
author-image

Pratik Bhakta

122 reads

The private-sector lender has joined Slice’s captable with a recent investment. This opens up new possibilities for the fintech, which could partner with Axis to enter the credit card market. Slice is at a critical point: it must keep adding customers while managing NPAs

April 18, 2022

7 Min Read

Slice, an instant credit brand aimed at millennials and young professionals, has raised capital from Axis Bank in a strategic deal, according to three industry executives aware of the development.

The infusion was part of Slice’s larger funding round late last year, when the Bengaluru-based fintech secured $210 million from Tiger Global and Insight Partners and earned unicorn-dom.

share

Share this read

bookmarklike
like
bookmark
share
share

Share this read

bookmarklike
like
bookmark
share
share-button
like-button
share-button

LatestStories

E-commerce

Premium Reads

No billion-dollar baby: Why social, video and reseller commerce players are changing course

By Aditi Shrivastava

IPO

the-crux

Delhivery’s IPO gambit pays off (kinda); Coinbase-RBI spat

By Madhav Chanchani

Investments

Premium Reads

From unicorns to early-stage startups, everyone is downsizing ambitions

By Aditi Shrivastava

HealthTech

Premium Reads

Decoding insurtechs’ big bet on wellness

By Supriya Roy

Logistics

Premium Reads

Impending divorce: How Shiprocket’s relationship with delivery partners imploded overnight

By Payal Ganguly

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.