Slice Closes $40 Million Investment Round With Plans To Keep Growing Local Businesses Amid Pandemic

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But the Bangalore-based startup said not only has it recovered but it’s also growing. The startup, which provides users credit limit through its own balance sheet, said it will deploy the fresh funding into developing more features for customers. Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how people engage with their credit cards. “With the new features, which are very competitive, we expect to switch more than 80% of customers who own other cards to use Slice as their primary card in the next six to eight months,” he said, adding that the startup is able to offer better rewards than most credit cards because it spends just a fraction of its rivals in acquiring new customers. Slice said the month of May was its best month since inception, and June has shown 25% growth.