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Slice raised $8.6 million from CEO Rajan Bajaj to support general business purposes.

Oct 17, 2024•11 months ago

Amount Raised

$8.6 Million

BengaluruFinancial Services

Investors

Rajan Bajaj

Description

Consumer lending and payments startup Slice has secured Rs 71.7 crore (approximately $8.6 million) from its founder and CEO, Rajan Bajaj. This investment is part of a strategy to enhance the company's operations and will be completed in tranches.

Company Information

Company

Slice

Location

Bengaluru, Karnataka, India

About

slice is a fintech startup that offers payments and lending services. After completing the merger with North East Small Finance Bank (NESFB), it has formed a unified banking entity, with a focus on introducing a comprehensive suite of banking products, and expanding its stake over time. The company aims to provide uninterrupted services for existing NESFB and slice customers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers