Slice Raises $100 Million at $450 Million Valuation

Slice began as a credit-card-focused fintech before acquiring North East Small Finance Bank in 2023 and merging with the lender to form Slice Small Finance Bank. The transition gave Slice a banking licence and broadened its business into deposits, UPI credit cards, digital lending, merchant finance and payments. The latest transaction is its first major institutional funding round since becoming a bank, making it an important test of how investors value the company under banking metrics rather than high-growth fintech multiples.

Slice raised $100 million at a valuation of about $450 million, Moneycontrol reported on Sept. 3, 2026, citing people familiar with the transaction. The valuation represents a roughly 68% decline from its previous $1.4 billion level. Indian wealth-management platform Neo Wealth led the round, contributing about $20 million to $25 million, while Japan-based Kado Global and U.S.-headquartered Moore Strategic Ventures also invested. The $100 million total includes a secondary share sale by existing investors, though the split between new capital and secondary transactions was not disclosed.