slice (company)

slice (formerly known as SlicePay)[2] is an Indian financial technology company, based in Bangalore. Founded in 2016, slice is an app-based credit card challenger in India. The company's wholly-owned subsidiary, Quadrillion Finance Private Limited, has a non-banking financial company (NBFC) license from the Reserve Bank of India.[4]

slice
TypePrivate
IndustryFinancial technology
Non-banking financial services
FoundedJanuary 2016
FounderRajan Bajaj[1]
HeadquartersBangalore, Karnataka, India
Area served
India
Key people
Rajan Bajaj (CEO)[2]
Number of employees
450 (2021)[3]
Websitesliceit.com

History

slice was founded in January 2016 by Rajan Bajaj. The company started its operations initially by providing EMI payments services to the millennials and Gen Z population.[5][6][7][8] In 2019, in partnership with Visa, it launched the slice card which allows the users to make both online and offline payments.[9][10] It also received a non-banking financial company (NBFC) license from the Reserve Bank of India in the same year.[11]

Ahead of the 2022 Indian Premier League, slice signed a three-year sponsorship deal with Mumbai Indians reportedly worth ₹100 crore and the biggest sponsorship deal in the history of IPL.[12]

Funding

slice has raised a total of $240 million funding in both equity and debt. Its top investors include Tiger Global, Insight Partners, Gunosy Capital, Blume, Northern Arc and Das Capital, among others.[13][14] The company was valued at over $1 billion after its Series B round in November 2021, making it a unicorn company.[15][16]

Awards and recognition

See also

References
  1. Sarkar, Brinda (13 January 2021). "Slice looks to hire 300 employees, ramp up product and tech teams". Economic Times. Retrieved 30 July 2021.
  2. Soni, Yatti (1 November 2019). "slice Finds A Niche With Its Digital Payment Card For Underserved Students And Freelancers". Inc42 Media. Retrieved 30 July 2021.
  3. Iyer, Priyanka (4 October 2021). "Fintech Slice's Three-day Work Program For Techies: Is It A Sustainable Model Amid Hiring War?". Moneycontrol. Retrieved 3 February 2022.
  4. "Quadrillion Finance Private Limited" (PDF). CARE Ratings. 1 September 2021. Retrieved 3 February 2022.
  5. Kumar, Rajeev (6 July 2021). "How a Bengaluru-based startup is solving credit card woes of GenZ and millennials – slice by slice". The Financial Express. Retrieved 30 July 2021.
  6. Down, Nirmalya (7 November 2017). "SlicePay: The 'buy now, pay later' start-up for students". Rediff. Retrieved 30 July 2021.
  7. Sanghvi, Disha (28 August 2019). "Easy credit can derail students' money lives". Mint. Retrieved 30 July 2021.
  8. Bhakta, Pratik (31 July 2020). "Slice Strengthens Top Deck, Poised For Growth In A Post-COVID World". Moneycontrol. Retrieved 30 July 2021.
  9. Shah, Ishan (13 August 2020). "Why Rajan Bajaj of Slice thinks this is the best time to acquire customers?". Economic Times. Retrieved 30 July 2021.
  10. Abrar, Peerzada (24 May 2021). "Slice, credit provider for young professionals, eyes $1 bn gross transactions". Business Standard India. Retrieved 30 July 2021.
  11. Tripathi, Dhirendra (25 January 2019). "Student microfinancing start-up SlicePay gets RBI licence for NBFC play". Mint. Retrieved 30 July 2021.
  12. Laghate, Gaurav (21 January 2022). "Mumbai Indians signs fintech brand Slice as principal sponsor in biggest ever deal". The Economic Times. Retrieved 3 February 2022.
  13. Singh, Rajiv (1 December 2021). "Slam Dunk: Can Rajan Bajaj grab a big slice of the fintech pie?". Forbes India. Retrieved 3 February 2022.
  15. Singh, Manish (29 November 2021). "India's Slice becomes unicorn with fresh $220 million funding". TechCrunch. Retrieved 3 February 2022.
  16. Mishra, Digbijay (29 November 2021). "Slice turns unicorn after raising $220 million from Tiger Global, Insight Partners". The Economic Times. Retrieved 3 February 2022.
  17. "NASSCOM Emerge 50 Awards 2020" (PDF). NASSCOM. Retrieved 30 July 2021.
  18. "Announcing the winners for the ORIGIN Innovation Awards 2020 · TechNode". TechNode. 19 November 2020. Retrieved 30 July 2021.
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