Slice, a credit and payment startup mainly catering to young professionals, has raised a cumulative debt of Rs 165 crore from 18 top financial institutions. This includes Northern Arc Capital Limited, Vivriti Capital Private Limited, AU Small Finance Bank, Incred Financial Services Limited, Pace Fincap Private Limited, Western Capital Advisors, and Innoven Capital India. Of this, the company raised Rs 126 crore in just the past five months of FY21.
“Last year was volatile, which makes it even more empowering for us to have such strong financial institutions show solidarity with our vision,” said Rajan Bajaj, founder and CEO of Slice. “The number of institutions investing in us has grown significantly in FY21 alone.”