Indian unicorn fintech firm Slice raises $50 million in funding

Oluwajuwonlo Afolabi -

Slice, an India-based firm providing credit card alternatives has raised $50 million in its Series C funding backed by Tiger Global, Moore Strategic Partners, and Insight Partners.

  • Slice enables students and salary-earning professionals to access collateral-free products and services and build credit scores through its app.
  • The firm last raised $220 million in its Series B round led by Tiger Global and Insight Partners.
  • It is now valued at $1.7 billion, with an average revenue run rate of $100 million and a $265 million monthly gross transaction value.