Fintech startup Slice has raised funds worth $20 million from investors Gunosy & Blume Ventures. Chief executive Rajan Bajaj told that Slice plans to invest the capital to diversify offerings & expand its team. Slice views credit cards as a paid product rather than a loan product. The fresh capital has increased its funding to $30 million since its foundation in 2019. The Bengaluru-based firm is one of the growing tribes of credit card-based utility payments startups that have suddenly grown popular in the pandemic-led digitized economy. Slice’s existing registered users are three million with continuous monthly growth of 25%.
Shinji Kimura, chairman & CEO of Gunosy Inc. believes that Slice has changed the perspective of credit cards.
Source: Economic Times