Fintech-turned-bank secures funding from existing investors at $450-470 million valuation
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Slice transitioned from a fintech company to a Small Finance Bank. The company previously held a valuation of $1.3 billion.
Slice Small Finance Bank has raised about $100 million (Rs 950 crore) from global and domestic investors at a valuation of $450-470 million (Rs 4,275-4,465 crore), marking its first institutional fundraise as a bank and a steep cut from its previous valuation of $1.3 billion, people aware of the matter told ET.
The fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York-based investment arm of the
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