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September 29, 2025,6:08:07 PM
Slice has been named India's new unicorn
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Slice, an Indian fintech business, reported on Monday that it has raised $220 million in a Series B round, valuing it at over $1 billion.
Tiger Worldwide and Insight Partners, global private equity and venture capital firm based in New York, lead the deal. Slice (slice) is a credit card challenger that allows you to pay bills, manage finances, and earn rewards. According to media reports, the founder and CEO Rajan Bajaj said that they kept their heads down in the initial years and focused solely on simplifying the consumer journey and creating a cutting-edge risk underwriting system.
Tiger Worldwide and Insight Partners, global private equity and venture capital firm based in New York, lead the deal. Slice (slice) is a credit card challenger that allows you to pay bills, manage finances, and earn rewards. According to media reports, the founder and CEO Rajan Bajaj said that they kept their heads down in the initial years and focused solely on simplifying the consumer journey and creating a cutting-edge risk underwriting system.
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New and existing investors including Advent International's Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i also participated in the round.
Users can sign up with Slice in seconds, quickly get a virtual card (and get a physical card delivered to their home), and enjoy up to 2 percent cash back on each transaction.
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Slice has extended its doors to the new-to-credit population, shipping over 200,000 cards per month. They can begin their financial journey with the newly launched card, which has a Rs 2,000 limit.
Slice claims to have over 5 million registered users and a 40% month-over-month growth rate, as well as industry-leading risk measures. This year, nearly 38 Indian startups made the unicorn list, raising more than $32 billion (till October).
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