Fintech startup Slice today announced that it has raised Rs 75.5 crores in debt in Q1FY22 from multiple financial institutions like, Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India, & Vivriti Capital to name a few.
Launched in 2019, Slice launched an instant rewards program and slice in 3 feature in June 2021. Slice in 3 is a pioneer feature in the industry, which allows users to convert their monthly bills into 3 months without any extra cost.
Rajan Bajaj, Founder & CEO, Slice, said, “The banking industry in India often views credit cards as a loan product instead of a high-frequency payment instrument. Therefore, banks’ main focus is to optimize the fees and portfolios while overlooking the experience. However, we see Slice card as a classic payment product, and we are solving it as a customer experience problem with a customer-centric approach in mind.”
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