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Indian Fintech Company Slice Raises $220 Million in a Series B Funding Round Led by Tiger Global and Insight Partners
Summary: According to Reuters, Indian fintech company Slice said it had raised $220 million in a Series B funding round led by investment giant Tiger Global and private equity firm Insight Partners that valued the company at more than $1 billion. New and existing investors, including private equity firm Advent International's affiliate Sunley House Capital, investment ...
According to Reuters, Indian fintech company Slice said it had raised $220 million in a Series B funding round led by investment giant Tiger Global and private equity firm Insight Partners that valued the company at more than $1 billion. New and existing investors, including private equity firm Advent International's affiliate Sunley House Capital, investment firm Moore Strategic Ventures, Japan's Gunosy Capital and India's Blume Ventures, also participated in the round, Slice said.
Rajan Bajaj, the company's founder and CEO, told Reuters in an interview that a large part of the capital will be used to step up hiring for skills including engineering, design and data science, and to add new consumer products.
Slice currently offers a credit card targeted at India's young people. Signing up and applying for the card is completely digital - via its app on Google's (GOOGL.O) Android play store and Apple's (AAPL.O) app store. The company currently has 5 million registered users on its app.
By Amy Liu
Tags: Funding,India,Slice
Link: Indian Fintech Company Slice Raises $220 Million in a Series B Funding Round Led by Tiger Global and Insight Partners [Copy]
