Fintech small finance bank Slice in talks to raise $300 million
27 Jan 2025, 03:17 PMThe company has reportedly briefed the Reserve Bank of India about its fundraising plans.
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Bengaluru-based fintech small finance bank Slice is seeking to raise between $250-$300 million from financial investors and family offices.
The company has reportedly briefed the Reserve Bank of India about its fundraising plans, The Economic Times report said, citing Slice's recently approved EGM notice.
The funding talks comes after its merger with North East Small Finance Bank, which received approval from the Reserve Bank of India (RBI) in October.
Slice also received the RBI approval to operate under its new identity 'Slice Bank' post the merger.
The merged bank is reportedly valued at $1.3-$1.5 billion.
Slice Bank is all set to to roll out banking services to a select user groups and plans to expand its physical and digital reach.
The approved EGM, according the ET report, showed that the company also aims to enter into merchant lending and payment settlement services through a separate app.
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