rajan bajaj

Fintech unicorn Slice reported operational revenue of Rs 847 crore in fiscal 2023, up 200% from Rs 283 crore a year earlier. Its net losses went up 60% to Rs 406 crore from Rs 254 crore in the same period.The Tiger Global-backed startup received a severe jolt to its business in July 2022 when the Reserve Bank of India (RBI) shut down credit lines on prepaid cards, its mainstay at that point in time. The company still managed to grow its topline mainly through its personal loan product and partly through the payments…

Fintech company Slice on Wednesday said it has raised $50 million as part of its larger series C round led by Tiger Global, adding that it will use new capital to boost its new unified payments interface (UPI) product.The latest funding round also saw participation from existing investors Moore Strategic Ventures and Insight Partners, and a new investor, GMO VenturePartners.The leading credit card challenger last month launched the integration of UPI into its app for all its existing and waitlisted users in a phased…