Slice Raises $40 Million Debt-Equity Blend to Scale UPI Credit and Small-Bank Ops
Consumer fintech Slice has raised $40 million in a mixed debt-and-equity round to expand its UPI credit line business and grow North East Small Finance Bank operations post-merger.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $40 M |
| Headquarters | Bengaluru, India |
| Sector | Slice |
| Coverage | Startup Funding |
Bengaluru-based consumer fintech Slice closed a $40 million round on June 29, 2026, structured as $25 million in equity and $15 million in debt, to scale its UPI credit product and small-finance-bank operations following its 2024 merger with North East Small Finance Bank.
Round Details
Business Traction
Why It Matters
Slice's raise reinforces the thesis that neo-banking in India requires a licensed banking chassis. Its combined super-app plus small-finance-bank model is being watched closely by Jupiter, Fi and Niyo as a potential template for regulated scaling.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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