Wallets/slice
slice
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Overview
slice is India's UPI-credit-card pioneer + full-stack small-finance bank, operating post-merger with North East Small Finance Bank [1, 2]. By 2025, slice reached 12+ million users with credit-product + 10+ million users overall + raised $380M+ funding. July 2025 — slice launched flagship UPI credit card + India's first UPI-powered physical bank branch + ATM — pioneering category innovation. Card waitlist of 1.2+ million customers built during invite-only launch; subsequently opened to all users.
slice positions to serve 400+ million Indians enabled by UPI, particularly the 200+ million underserved users post-Small Finance Bank merger.
History
2016 — slice founded by Rajan Bajaj as Indian credit-card-alternative for young Indians.
2018-2022 — slice card mass adoption among young Indians [2].
2022 — RBI restricts BNPL via prepaid cards impacting slice [2]: Strategic pivot.
2023-2024 — Merger with North East Small Finance Bank [2]: slice becomes full-stack small-finance bank.
July 2025 — slice launches flagship UPI credit card + India's first UPI-powered physical bank branch + ATM [1]: Major product + category-pioneering.
March 2026 — UPI Credit Card opened to all users (post 1.2M+ waitlist) [1].
Ownership & operator
Operating entity: slice — operates as North East Small Finance Bank post-merger.
Founder + CEO: Rajan Bajaj.
Major investors: Tiger Global, Insight Partners, Advent International, Sofina, EvolutionX Debt Capital + others. $380M+ raised.
Regulator: RBI (full small-finance-bank license post-merger).
Technical integration
| Layer | Description |
|---|---|
| Channels | slice mobile app (iOS + Android) + slice UPI credit card + slice physical bank branch + UPI-powered ATM (India's first) |
| Identifiers | Phone number + VPA + card number |
| UPI | [[unified-payments-interface]] with slice UPI credit card integration |
| Sub-products | slice savings account + slice fixed deposits + slice UPI + slice borrow + slice UPI credit card (July 2025+) + slice physical bank branch (India's first UPI-led) |
Users & growth
2025-2026 [1]:
- Users with credit product: 12+ million
- Total users: 10+ million
- Total raised: $380+ million
- UPI Credit Card waitlist (Mar 2026): 1.2+ million customers
Use cases
slice savings account + fixed deposits (post-bank-merger); slice UPI; slice borrow (lending); slice UPI credit card (July 2025+, India's first); India's first UPI-led physical bank branch + ATM (July 2025+); financial inclusion targeting 200M+ underserved UPI-enabled Indians.
Implementations & partners
Operator: slice / North East Small Finance Bank.
Major Indian competitors: [[cred]] (premium credit-card members), [[paytm]] (super-app), other Indian neobanks ([[jupiter-money]] + Fi Money + Niyo + Open).
Regulator: RBI (small-finance-bank license).
Fun facts
- 2016 founded by Rajan Bajaj as Indian credit-card-alternative for young users.
- 12M+ users with credit product + 10M+ total users + $380M+ raised.
- July 2025 launched India's first UPI credit card + India's first UPI-powered physical bank branch + UPI-led ATM — major category-pioneering.
- Card waitlist 1.2M+ during invite-only; opened to all users by March 2026.
- Merger with North East Small Finance Bank transformed slice into full-stack small-finance bank.
- Strategic target: 400M+ UPI-enabled Indians, especially 200M+ underserved.
Comparison
| Feature | slice | [[cred]] | Jupiter Money (IN neobank) | [[paytm]] | [[mobikwik]] |
|---|---|---|---|---|---|
| Operator | slice / North East Small Finance Bank (post-merger) | Dreamplug Technologies | Jupiter Money | One97 Communications | One MobiKwik Systems |
| Type | UPI-credit-card-pioneer + small-finance-bank | Premium credit-card bill-payment + UPI | Neobank (Federal Bank partnership) | Super-app + UPI TPAP | Veteran wallet + UPI + lending |
| Users | 12M+ credit / 10M+ total | 12M+ members | 3M+ | 72M MTU | 176.40M registered |
| Banking license | Small finance bank (post-merger) | Payment Aggregator | Bank partnerships | TPAP for UPI | PPI + Payment Aggregator |
| Distinctive | India's first UPI credit card + UPI-led bank branch + ATM (July 2025+) | CIBIL ≥750 gated + ~₹2K ARPU | Federal Bank partnership; Jitendra Gupta founder | Soundbox + recovery | Pre-UPI veteran |
Status
Active, full-stack Indian small-finance bank with UPI credit-card pioneering [1]:
- slice / North East Small Finance Bank post-merger.
- 12M+ users with credit-product + 10M+ total users + $380M+ raised.
- July 2025 launches India's first UPI credit card + India's first UPI-powered physical bank branch + ATM.
- March 2026 UPI Credit Card opened to all (1.2M+ waitlist completed).
Sources
- 1 slice launches flagship credit card + UPI bank branch — PRNewswire
- 2 slice — official
- 3 slice Investor Report 2026 — VFS
- 4 CRED vs Slice — Tech Research Online
Source
Biography extracted from slice.md. See matrix.md for standards-support matrix if present.