# Slice Small Finance Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/slice-small-finance-bank

- Industry: Financial Services
- Headquarters: Guwahati, India
- Website: www.sliceit.com
- Total disclosed funding: $293M
- Latest round: Series C (Jun 1, 2022)
- Investors on record: 12

## About

Based in Guwahati, India, founded in 2015, Slice operates as a digital banking service providing modern financial solutions. The company was founded by Rajan Bajaj (CEO as of 2026). In September 2026, Slice raised an undisclosed amount in venture funding led by Neo Asset Management, with participation from KADO Capital Management, Raise Financial Services, Moore Strategic Ventures and Blume Ventures. The round was larger part of USD 100 million equity and Secondary Stock Purchase Transaction. 

Slice Small Finance Bank Ltd. offers a suite of banking products aimed at enhancing the financial experience for its customers. The core offerings include a unique savings account that provides customers with 100% of the RBI repo rate as interest, which is notably higher than traditional savings accounts. This account is characterized by daily interest crediting, allowing users to see their money grow in real-time. Additionally, Slice provides fixed deposit options that offer competitive interest rates, reaching up to 7.75% per annum, along with immediate withdrawal capabilities. The bank’s services are designed to cater to the needs of over 18 million Indians, focusing on transparency and user control over their finances. Geographically, while the company operates out of Assam, its services extend across various states in India, targeting urban and semi-urban populations who seek a modern banking experience devoid of complex terms and conditions.

Slice Small Finance Bank generates revenue primarily through interest income from loans and advances, investments, and banking operations. The company also earns revenue from deposit-related banking activities, payment and transaction services, interchange fees, and other financial services offered through its digital banking platform. Additionally, it derives income from treasury and investment activities while maintaining a low-fee banking model for customers.

The company plans to use the September 2026 funding to support its business operations.

## Funding rounds

- Series C, Jun 1, 2022, $50M — Insight Partners, Tiger Global Management, GMO VenturePartners, Moore Strategic Ventures
- Series B, Nov 29, 2021, $220M — Insight Partners, Tiger Global Management, Blume Ventures, Advent Global Opportunities, 8i Ventures, Moore Strategic Ventures, Gunosy Capital, Anfa Ventures
- Series A, Sep 1, 2021, $21M — 8i Ventures
- Series A, Sep 3, 2018 — Blume Ventures, Simile Venture Partners, Das Capital, Fanpujinke Group Co., Ltd.
- Series A, Oct 6, 2017, $2M — Blume Ventures, Simile Venture Partners, Das Capital

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A, Series B
- Simile Venture Partners (https://capitalatlas.ai/funds/simile-venture-partners) — Series A
- Das Capital (https://capitalatlas.ai/funds/das-capital) — Series A
- Fanpujinke Group Co., Ltd. — Series A
- 8i Ventures (https://capitalatlas.ai/funds/8i-ventures) — Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- Advent Global Opportunities (https://capitalatlas.ai/funds/advent-global-opportunities) — Series B
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B, Series C
- Gunosy Capital (https://capitalatlas.ai/funds/gunosy-capital) — Series B
- Anfa Ventures (https://capitalatlas.ai/funds/anfa-ventures) — Series B
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series C