Slice Small Finance Bank

Company type	Private
Industry	Small finance bank Financial technology
Predecessors	Slice North East Small Finance Bank
Founded	January 2016; 9 years ago (2016-01)
Founder	Rajan Bajaj
Headquarters	Bengaluru,Karnataka,India(corporate) Guwahati,Assam,India(registered)
Area served	India
Key people	Satish Kumar Kalra(Managing Director & CEO)[1] Rajan Bajaj(Founder & Executive Director)[2]
Website	www.slice.bank.in

Slice Small Finance Bank (doing business asslice)^[3][4] is an Indiansmall finance bank based inBengaluru. It was formed as a result of the merger betweenfintech company Slice and North East Small Finance Bank (NESFB).^[5]

Slice was founded in January 2016 as SlicePay, a fintech company offeringbuy now, pay later andcredit lines for students and young professionals.^[6][7][8] In January 2019, the company received anon-banking financial company (NBFC) license from theReserve Bank of India (RBI).^[9] Later that year, Slice launched its prepaid card in partnership withVisa andSBM Bank India.^[10]

In November 2021, Slice became aunicorn company, after raising about $220 million.^[11] By mid-2022, it was reportedly issuing over 300,000 prepaid cards per month,^[12][13] having positioned itself as a credit cardchallenger.^[14][15] However, after the RBI's June 2022 directive barring NBFC companies from issuing credit lines on prepaid payment instruments, the company discontinued prepaid cards to comply with the new norms.^[16][17]

North East Small Finance Bank (NESFB) was established in July 2016, and was one of the10 financial institutions to be granted a small finance bank license by the RBI in 2015.^[18][19][20]

In October 2023, Slice announced that it would merge with North East Small Finance Bank (NESFB), marking the first instance of a fintech company merging with a bank in India.^{[21][22][23][24]} The merger was completed in October 2024 after regulatory scrutiny.^{[25][26][27][28]} The merged entity was renamed as Slice Small Finance Bank in May 2025.^[29][30]

As of December 2024, Slice has raised $387 million in funding across multiple rounds from investors such asTiger Global,Insight Partners, and Blume Ventures.^[31]

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• Small finance banks
• Indian companies established in 2016
• Banks established in 2016
• Private sector banks in India
• 2016 establishments in Karnataka
• Banks based in Karnataka