Fintech

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

Pratik Bhakta

April 18, 2022 | 7 Min Read

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

April 18, 2022 | 7 Min Read

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

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.

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