Slice raises $20M in a debt financing round led by Neo Asset Management's Credit Opportunities Fund

Jun 15, 2024•about 1 year ago

Amount Raised

$20 Million

BengaluruFinancial Services

Investors

Neo Asset Management

Description

Slice, a fintech business based in Bengaluru, has successfully raised $20 million from Neo Asset Management’s Credit Opportunities Fund in a debt financing round. The financing is a portion of a larger $30 million debt round, of which the rest funds are anticipated to be received shortly. The money will be used for working capital needs and corporate objectives, according to regulatory filings.

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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