Debt financing
Digital lender Slice concludes $30-M debt round from existing investor Neo Markets
Bengaluru-based digital lender Slice has completed its USD 30 million debt round. It has raised INR 65 crore (nearly $8 million) in debt from Neo Markets. The company had raised INR 170 crore (USD 20.5 million) in debt from the same investor in June this year. The 21-month tenure debt carries a coupon rate of 15%.Slice offers Slice Credit Card in collaboration with non-banking financial companies (NBFCs). Slice will use the funds for corporate purposes and working capital requirements.
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