India-based Slice has reportedly raised $100m in a funding round that puts its valuation at $450m.
Neo Wealth served as the lead investor, with contributions also coming from Kado Global and Moore Strategic Ventures, according to a report from MoneyControl.
The funding round includes a secondary share sale by existing investors. It was not disclosed how much this accounted for.
The report does state that between $20m – $25m of the total funding round was supplied by Neo Wealth.
Slice previously raised $50m in a financing round back in 2021, which had put its valuation between $1.5bn and $1.8bn.
The company offers digital banking capabilities, including savings accounts, UPI credit cards, UPI ATMs, fixed deposits, lending and more.
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