Fintech unicorn Slice raises $50 million funding led by Tiger Global and others

Fintech unicorn Slice has secured $50 million (about ₹387 crore) in a series C round led by Tiger Global, the organization announced on June 1. The round included existing investors Moore Strategic Ventures and Insight Partners, as well as new investment GMO VenturePartners, carrying the company’s valuation to more than $1.5 billion. In November 2021, slice became a unicorn or a startup with more than $1 billion valuation after raising $220 million up in its Series-B fundraise co-led by Tiger Global and Insight Partners.

With over 12 million registered users currently, the company is building the best payment experience in India with its slice super card and its latest launch of UPI to the app.

“With the significant growth in wallet share of slice card, it became increasingly clear that our customers would love to use slice for all their payment needs,” said Rajan Bajaj, Founder-CEO, slice. “Driving on that, we made our next important product launch with UPI which has been gaining strong early traction.”

“slice is leading the way for innovation, customer experience, and growth in India’s rapidly developing payments market,” said Alex Cook, Partner, Tiger Global. “We are delighted to continue our partnership with Rajan and his team as they improve and expand payment products with the goal of making money more relatable for the consumer.”

News Summary:

• Fintech unicorn Slice raises $50 million funding led by Tiger Global and others
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