Slice Small Finance Bank
Indian small finance bank
From Wikipedia, the free encyclopedia
Slice Small Finance Bank (doing business as slice)[4][5] is an Indian small finance bank based in Bengaluru. It was formed as a result of the merger between fintech company Slice and North East Small Finance Bank (NESFB).[6]
| |
Company type | Private |
|---|---|
| Industry | Small finance bank Financial technology |
| Predecessors | Slice North East Small Finance Bank |
| Founded | January 2016 |
| Founder | Rajan Bajaj[1] |
| Headquarters | |
Area served | India |
Key people | |
| Revenue |  ₹1,403 crore (US$150 million) (FY2025-26[3]) |
| ₹48.4 crore (US$5.0 million) (FY2025-26[3]) | |
| Website | www |
History
Slice
Slice was founded in January 2016 as SlicePay, a fintech company offering buy now, pay later and credit lines for students and young professionals.[7][8][9] In January 2019, the company received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).[10] Later that year, Slice launched its prepaid card in partnership with Visa and SBM Bank India.[11]
In November 2021, Slice became a unicorn company, after raising about $220 million.[12] By mid-2022, it was reportedly issuing over 300,000 prepaid cards per month,[13][14] having positioned itself as a credit card challenger.[15][16] However, after the RBI's June 2022 directive barring NBFC companies from issuing credit lines on prepaid payment instruments, the company discontinued prepaid cards to comply with the new norms.[17][18]
NESFB merger
North East Small Finance Bank (NESFB) was established in July 2016, and was one of the 10 financial institutions to be granted a small finance bank license by the RBI in 2015.[19][20][21]
In October 2023, Slice announced that it would merge with North East Small Finance Bank (NESFB), marking the first instance of a fintech company merging with a bank in India.[22][23][24][25] The merger was completed in October 2024 after regulatory scrutiny.[26][27][28][29] The merged entity was renamed as Slice Small Finance Bank in May 2025.[30][31]
Funding
As of December 2024, Slice has raised $387 million in funding across multiple rounds from investors such as Tiger Global, Insight Partners, and Blume Ventures.[32]
