๐ŸŽ‰Bengaluru's fintech unicorn slice just bagged $20M in debt funding from Neo Asset Management!๐Ÿ’ฐ Part of a $30M round, the rest is expected soon.

๐Ÿš€The funds will boost working capital and help slice maintain its growth and efficiency. But wait, there's more!

๐ŸคEarlier this year, slice got the green light for a merger with North East Small Finance Bank. Pending final approval, this could grant slice a banking license, a major leap from its "buy now pay later" roots.

๐Ÿ”Founded in 2016, slice has evolved from a BNPL service to offering UPI payments, consumer credit, and prepaid banking accounts. Valued at $1.5B, it's backed by big names like Tiger Global and Moore Strategic Ventures.

๐ŸŽฏThe funding aligns with Neo Asset Management's focus on credit opportunities. As slice awaits final approval for its merger, it's set to leverage its new banking license to expand its financial services.

๐Ÿค”What do you think this means for the fintech landscape? Share your thoughts below! #DeFi #Web3 #Technology