Indian FinTech Slice’s valuation has reached $1.5bn following its most recent funding round.
In Brief:
It has raised $50mn in a Series C round led by Tiger Global.
It also included backing from Insight Partners, Moore Strategic Ventures and GMO Venture Partners.
Slice is already engaging investors to raise a further $100mn according to TechCrunch sources.
What does this mean?
Slice currently offers credit card features and payment options to over 12mn people in India – its goal with the new funding is to expand its new UPI payments product and become profitable through its core credit business.
