Slice Seeks Up to $100 Million in New Funding from Accel, Peak XV and Elevation Capital
Bengaluru-based fintech firm Slice is in advanced discussions to raise $80-100 million in a new funding round led by Accel, Elevation Capital, and Peak XV Partners. The funding would value Slice at just under $1 billion, a decline from its earlier valuation of $1.3-$1.4 billion in 2022.
Slice, a Bengaluru-based fintech firm, is in talks to raise $80-100 million from investors Accel, Elevation Capital, and Peak XV Partners. The funding round could exceed $100 million if it includes a secondary component for employee stock option holders. Slice's valuation is expected to be just under $1 billion, down from $1.3-$1.4 billion in 2022. The company has transitioned into a small finance bank and is looking to strengthen its digital and physical banking presence. The new capital will support expansion in consumer banking, MSME lending, and digital infrastructure. Slice operates in a competitive market with players like Paytm and PhonePe, but its banking licence gives it a strategic edge.
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