Tiger Global, Insight Partners lead $220mm funding in Slice, making it India's latest Unicorn

EMVC portfolio company Slice raised $220mm from Tiger Global, Insight Partners, Advent International and others at a valuation of $1Bn+.

Slice is the first credit card experience for the aspirational millennial and genZ individuals in India who have traditionally been underserved by other financial institutions.

5mm consumers use Slice for their online expenses and BNPL purchases while 200,000 new users are joining every month.

Besides expanding its micro-credit book and bringing new users into the fold, Slice is also building a new identity protocol for making borrowing and transactions seamless for 200mm Indian consumers who are yet to get their first credit card.

Read more in the TechCrunch coverage here…