- Advertisement -
Friday, April 10, 2020
Home News SlicePay raises Rs 20.5 Cr in debt funding

SlicePay raises Rs 20.5 Cr in debt funding

- Advertisement -

SlicePay, which is a Bangalore based fin-tech firm focused for the youngsters, has now secured INR 20.5 crore in the debt funding round from the Gunosy Capital and Pegasus Wings Group.

According to the report, the startup has issued around 2050600 non-cumulative Compulsory Convertible debentures at face value of around INR 100 each on the 6th of September.

Speaking to, Rajan Bajaj, Founder and CEO SlicePay, said,

 “India remains a strong investment destination for Japanese capital, even as we are undergoing a cyclic liquidity situation within the country. This is the beginning of structured long-term capital access for us from Japan’s capital markets which has $4 trillion exposure globally.”

“We are touching 15,000 transactions a day now with a waiting list of more than 300,000 customers. To keep up with the pace, fundraising is a constant for us, and we keep meeting the best investors in the world,” he added.

The company which is founded by the Rajan Bajaj in the year 2016, provides credit solutions exclusively for the youngsters between the ages of 18-29 years old. It has even designed a payment card – Slicepay card, that even comes with a pre-approved credit line.

The card is mainly for the graduate students and young professionals like the startup employees, freelancers, small business owners, gig workers who are typically underserved by banks. SlicePay enables this segment to manage their expenses.

SlicePay as of now has around 180000 active customers across the 12 cities. It is even backed by some of the leading Venture Capitals in India and outside such as the China Finup, Russia Simile, Blume Ventures, Tracxn Labs and Japan Das Capital.

In the year 2018, the startup has also secured around $15 million in the funding round of Series A led by the FinUp Finance Technology Group.

In the year 2017, it secured $2 million as a part of the Series A round and also secured $500000 in the funding round of Pre-Series A in 2016.

SlicePay competes with the likes of mPokket and KrazyBee, among others.

- Advertisement -
Avatar
Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
- Advertisement -

Stay Connected

15,509FansLike
54,224FollowersFollow
1,288FollowersFollow
23,989FollowersFollow
12,458FollowersFollow
61,453SubscribersSubscribe

Must Read

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...
- Advertisement -

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Related News

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Bernard Arnault Biography: Success Story of Louis Vuitton CEO

In this success story post, we are going to share the Bernard Arnault biography, who has been serving as the CEO of...
- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.