Bangalore-based FinTech slice has raised $6m in a new funding round led by Gunosy.
Other investors participating in the round included EMVC, Kunal Shah of CRED, Better Capital and Das Capital, according to TechCrunch.
slice plans to use the money to reach 500,000 customers in the next year. So far, 250,000 customers reportedly use slice’s prepaid card.
The credit card is part of the company’s attempt to bridge the gap of many young people being unable to get credit cards because they’ve only had debit cards and thus have no credit history.
slice, formerly known as SlicePay, was founded in 2015 and now has between 250 and 500 employees according to its LinkedIn.
The startup raised $2m in its Series A round in 2017.
Copyright © 2020 FinTech Global