What is Slice?
Slice operates as a pioneering alternate lending platform, specifically engineered to provide credit access to non-salaried millennials and college students in India. By leveraging a unique credit-scoring model that bypasses traditional, often exclusionary, banking requirements, Slice has effectively democratized financial access for a demographic previously ignored by legacy institutions. The company functions as a critical intermediary, partnering with Non-Banking Financial Companies (NBFCs) to facilitate seamless credit distribution. Its market position is defined by its agility in the digital lending space, where it combines user-centric design with sophisticated risk management to maintain a competitive edge in the rapidly evolving Indian financial services sector.
How much funding has Slice raised?
Slice has raised a total of $332.6M across 5 funding rounds:
Multiple Rounds
$262.6M
Series C
$50M
Debt
$20M
Debt (2021): $22.6M with participation from Western Capital Advisors, Vivriti Capital, InCred, Pace Fincap, Northern Arc, AU SMALL FINANCE BANK, and InnoVen Capital India
Unspecified (2021): $20M led by Blume Ventures and Gunosy
Series B (2021): $220M supported by Tiger Global and Insight Partners
Series C (2022): $50M featuring Insight Partners, GMO VenturePartners, Tiger Global Management, and Moore Strategic Partners
Debt (2024): $20M backed by Neo Asset Management
Key Investors in Slice
Insight Partners
A global venture capital and private equity firm that invests in high-growth technology and software companies, providing deep operational support to help portfolio companies scale.
Tiger Global Management
A prominent investment firm that deploys capital across public and private markets, with a strong focus on high-growth technology startups and internet-based businesses.
GMO VenturePartners
A venture capital firm specializing in IT and fintech startups across Japan, India, and Southeast Asia, leveraging strategic partnerships to foster innovation.
What's next for Slice?
Looking ahead, Slice is positioned to leverage its recent capital influx to deepen its product penetration and enhance its technological stack. The strategic focus will likely shift toward diversifying its credit offerings and strengthening its partnerships with major financial institutions to ensure long-term sustainability. As the company matures, the emphasis will remain on maintaining high-quality loan books while scaling its user base. The integration of advanced data analytics and potential expansion into broader financial services will be pivotal in maintaining its market leadership. With the support of high-profile investors, Slice is well-equipped to navigate the complexities of the Indian regulatory environment while continuing to drive innovation in the consumer credit landscape.
See full Slice company page
