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Fintech Startup Slice Raises $20 Million From Gunosy, Blume Ventures

Fintech Startup Slice Raises $20 Million From Gunosy, Blume Ventures

06/28/21, 1:37 AM
Money raised
$20 million
Mumbai: Fintech startup Slice has raised $20 million in equity funding from existing investors Gunosy and Blume Ventures at an undisclosed valuation. The credit card platform offers customers flexibility in paying credit card bills as well as reward points on transactions.

Company Info

Company
Slice
Additional Info
But the Bangalore-based startup said not only has it recovered but it’s also growing. The startup, which provides users credit limit through its own balance sheet, said it will deploy the fresh funding into developing more features for customers. Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how people engage with their credit cards. “With the new features, which are very competitive, we expect to switch more than 80% of customers who own other cards to use Slice as their primary card in the next six to eight months,” he said, adding that the startup is able to offer better rewards than most credit cards because it spends just a fraction of its rivals in acquiring new customers. Slice said the month of May was its best month since inception, and June has shown 25% growth.
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