Bengaluru, 11 November, 2020: Slice, one of India’s largest payments and credit start-up exclusively for youngsters, has received INR 39 crores in debt funding from multiple financial institutions like Vivriti Capital Private Limited, Northern Arc Capital Limited, InCred Financial Services Limited, Growth Source Financial Technologies Pvt. Ltd, Ashv Finance Limited and others. Raised by Quadrillion, a non-banking financial company (NBFC) and a wholly owned subsidiary of Slice, the company will use this fresh fund infusion to grow its book and widen the reach of their credit solutions to youngsters across the country.
Commenting on this, Rajan Bajaj, Founder & CEO, Slice, said, “It’s been a great moment for us to have such established financial institutions show this kind of commitment and solidarity with our vision. This capital will help us refuel our books and support the unmet financial needs of young Indians who form the social and economic fabric of our country. We want to be the first card for millions of millennials and gen z in India and deliver a truly VIP customer experience to them. We are confident that our relationship with these institutions will help us collectively work towards empowering the next generation in taking a well-informed step into financial freedom.”
Slice has processed a transaction volume of INR 1100 crore to more than 260,000 youngsters since inception. With over 500,000 customers on waitlist, Slice aims to become the card of choice for young India.
About Slice
Slice is India’s leading payments and credit start-up for young Indians. Founded in 2016, slice has designed a card that is an alternative to traditional credit cards. Today, slice is a market leader and has emerged as a preferred card of choice for gen z and millennials across 20 major cities in India.
Slice’s vision is to be the first card for millions of young Indians. Their focus is on assisting their customers through their financial journey through innovative & customised solutions as well as through a complete VIP customer experience. Their NPS is ~70 which has helped them drive most of their growth organically & through referrals.
Slice is backed by leading VCs such as Gunosy Capital, Das Capital, Finup, Blume Ventures India, Simile Venture Partner, EMVC, Tracxn Labs, Better Capital, Sachin Bansal's Navi alongside angel investors such as Kunal Shah.
For more information, please visit: www.sliceit.com
No comments:
Post a Comment