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Slice Eyes Funding at Reduced Valuation

Inc42 reports the former unicorn turned small finance bank is seeking fresh capital.

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1 Source, 27d ago, first seen 27d ago

TLDR

Inc42 posted that slice is set to raise around $100 Mn at a valuation of $450 Mn-$465 Mn. That figure is down nearly 60% from the company's last valuation of $1.25 Bn. The fintech firm, now operating as a small finance bank, could see participation from Neo Group, Kado Global and an existing investor. The report links to an Inc42 article titled slice Eyes $100 Mn Funding At 60% Valuation Cut As Bank Valuation Takes Shape. No further confirmation or closing details appear in the supplied posts.

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1 Source, first seen 27d ago

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Combined views

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1 Source, first seen 27d ago

6 likes

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1 Source

@Inc42💰 slice’s valuation takes a sharp hit as it eyes fresh funding. 👇 Fintech unicorn-turned-small finance bank slice is set to raise around $100 Mn at a valuation of $450 Mn-$465 Mn, down nearly 60% from its last valuation of $1.25 Bn. The round could see participation from Neo Group, Kado Global and existing investor Moore Strategic Ventures, with a possible secondary component. The valuation reset comes as slice transitions from a lendingtech startup into a small finance bank following its 2024 merger with North East Small Finance Bank. Despite the cut, slice has swung into the black, reporting ₹50.9 Cr profit in Q1 FY27, compared with a ₹10.1 Cr loss a year earlier. Its loan book grew 55% to ₹5,098 Cr, while deposits nearly doubled to ₹5,765 Cr. 🔗 To read the full story, click here: https://bit.ly/4dhtrca #slice #Fintech #SmallFinanceBank #Funding #News
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    1 Source

    @Inc42💰 slice’s valuation takes a sharp hit as it eyes fresh funding. 👇 Fintech unicorn-turned-small finance bank slice is set to raise around $100 Mn at a valuation of $450 Mn-$465 Mn, down nearly 60% from its last valuation of $1.25 Bn. The round could see participation from Neo Group, Kado Global and existing investor Moore Strategic Ventures, with a possible secondary component. The valuation reset comes as slice transitions from a lendingtech startup into a small finance bank following its 2024 merger with North East Small Finance Bank. Despite the cut, slice has swung into the black, reporting ₹50.9 Cr profit in Q1 FY27, compared with a ₹10.1 Cr loss a year earlier. Its loan book grew 55% to ₹5,098 Cr, while deposits nearly doubled to ₹5,765 Cr. 🔗 To read the full story, click here: https://bit.ly/4dhtrca #slice #Fintech #SmallFinanceBank #Funding #News
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