Private Equity Private Equity Fund Investments
Fintech startup Slice raises $220-M led by Tiger Global, Insight Partners; turns unicorn
Bengaluru-based Slice, which offers payment cards tailored to the needs of students and young professionals, has raised USD 220 million in a Series B round which valued the Fintech startup at over USD 1 Billion, making it a unicorn. The round was led by Tiger Global and Insight Partners. Other investors in the company include Advent International unit Sunley House Capital, Moore Strategic Ventures and Flipkart co-founder Binny Bansal.
Slice, which started with a 'buy now, pay later' payments product, issues prepaid Visa cards with a credit line that allows users to get credit card-like benefits as well as build their credit score. In June, Slice had raised a USD 20 million Series A round that had valued it at around USD 200 million.
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From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Jun-21, Slice had raised $47.5 M from Gunosy Capital, Blume Ventures, InCred Finance, Emphasis Ventures, Das Capital, Simile Ventures, M&S Partners, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)