Fintech payments startup Slice raised $22.6 million or Rs 165 crore in debt funding from 18 financial institutions in the last financial year. The investors include Northern Arc Capital, Vivriti Capital, AU Small Finance Bank, Incred Financial Services among others. In a statement, Slice said that around Rs 126 crore in the debt funding was raised during the last five months of the previous financial year. “Last year was volatile, which makes it even more empowering for us to have such strong financial institutions show solidarity with our vision. The number of institutions investing in us has grown significantly in FY21 alone, a validation of our strategy of keeping the lowest NPAs in the industry," said Rajan Bajaj, founder and chief executive officer, Slice in a statement. “Our priority right now is to support the country in every way possible…
- Internet Society brief: CSAM Proposal must be redrafted to protect open and unrestricted internet September 28, 2022
- Centre to repurpose CoWIN, Arogya Setu for other health purposes, says NHA Chief R S Sharma September 27, 2022
- India’s IT Rules: Controversial social media grievance committee proposal to go ahead September 27, 2022
- ‘Absolutist’ GDPR-like Data Protection Approach Not For India: Rajeev Chandrashekhar September 27, 2022
- Indian government blocks 45 videos and 11 channels on YouTube for ‘disrupting public order’ September 27, 2022
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