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Indian Startups
by ZippyDumplingLivSpace

Slice merges with North East Small Finance Bank

Why did this happen? Slice already owns an NBFC license. What does this help them achieve? "to better serve their shared mission and reach more consumers who currently lack access to basic banking services"

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user

It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe st...

user

Kids take funding from Angels Men take funding from VCs Legends merge with banks

user

Cost of capital for an NBFC is pretty high compared to the SFB/CB. NBFCs are restricted on many fronts - customer pro...

Indian Startups
by SillyHamsterAdvertising Sales

Slice launched a…UPI app?

Why do this when there are no UPI fees and an abundance of UPI apps already?

No hate. Just curious why they’d build this

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user

Have to raised the next few 100m$ da! In the name of finance for Bharat ;-)

user

Groww also has added UPI a few months ago i barely use the same

user

Perhaps they want a small "slice" of the market share as well.

Indian Startups
by PrancingMuffinProduct Manager

Is slice closing?

I got mail that they are discontinuing sbm debit card Is that final nail on coffin?

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user

SBM is closing down. All fintechs that worked with SBM are scrambling for alternatives now