Indian fintech Slice tops $1.5 billion valuation in new funding to scale UPI payments

Slice, a fintech startup that is bringing credit card features to millions of Indians, has raised $50 million in a new financing round as it looks to scale its recently launched UPI payments product and push to make its core credit business profitable.
Tiger Global led the Bengaluru-headquartered startup’s Series C financing round, which according to a source familiar with the matter, values Slice between $1.5 billion to $1.8 billion. Slice entered the unicorn club in a round in November last year.
The new round also saw participation from GMO Venture Partners and existing backers Insight Part

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