Fintech startup Slice raised $50 million at $1.5 billion valuation from led by Tiger Global
- ByStartupStory | June 1, 2022
Slice, a Fintech unicorn, has raised $50 million (₹387crore) in the series C round led by Tiger Global. Insight Partners and Moore Strategic Ventures that are the previous investors of the startup were also part of the funding round. New investor GMO VenturePartners, raised the company’s valuation to $1.5 billion.
The startup entered the unicorn club in November, 2021 after it received a funding of $ 220 million in the series B funding round led by Insight Partners, tiger global and current investors like Gunosy, 8i,Moore Strategic Ventures,Sunley house capital and others.Also investors like Binny Bansal, Flipkart’s creator participated in the funding round. The company claims to have a user base of 12 million and aims at strengthening it’s Position even more.
The increase in Slice wallet share of slice cards has encouraged the company to establish a more easier and accessible system. It recently launched a product with UPI that has reportedly been appreciated.
“Slice is leading the way for innovation, customer experience, and growth in India’s rapidly developing payments market. 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,” said Tiger Global.
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