Slice Raises $100M Series C+ Led by Neo Wealth and Asset Management

Slice, the Bengaluru-based consumer bank, has raised $100 million in a Series C+ round led by Neo Wealth and Asset Management. The round also included participation from Moore Strategic Ventures and Kado Global.

What Slice Does

Slice operates as a full-stack bank, a position it reached after acquiring North East Small Finance Bank in 2023 and merging with it to form Slice Small Finance Bank. That transaction made Slice the first Indian fintech to become a bank.

Its product set spans both retail and business banking:

Savings accounts
Fixed deposits
UPI payments
A UPI-enabled credit card
Digital lending

The bank has since expanded into MSME and merchant lending and payments, extending its footprint beyond consumer banking into the small business segment.

Funding History

With this Series C+ round, Slice has raised nearly $400 million to date. Its backer list includes Tiger Global, Insight Partners, Advent International and Blume Ventures, alongside the investors participating in this round.

Round Details

Company: Slice
Round type: Series C+
Amount: $100,000,000
Currency: USD
Date: September 3, 2026
Lead investor: Neo Wealth and Asset Management
Additional investors: Moore Strategic Ventures, Kado Global

Why It Matters

Slice's path from fintech lender to licensed small finance bank is unusual in the Indian market, where the transition from digital lending to a full banking license has been rare. The bank now combines deposit-taking with lending and payments, giving it a broader set of revenue lines than a standalone consumer credit app.

The expansion into MSME and merchant lending and payments signals a push into business banking, a segment where deposit relationships and payment flows can reinforce lending activity. For a small finance bank, that combination can support both liability gathering and asset growth.

Acquisition Angle

The Series C+ round adds fresh capital to a bank that has already consolidated a small finance bank into its operations. Slice's full-stack model, covering savings, deposits, UPI payments, credit cards, digital lending, and now MSME and merchant services, represents a diversified banking platform rather than a single-product fintech.

Its investor base includes Tiger Global, Insight Partners, Advent International and Blume Ventures, with Neo Wealth and Asset Management leading this round alongside Moore Strategic Ventures and Kado Global. The company was founded by Rajan Bajaj.

For parties tracking consolidation in Indian financial services, Slice sits at the intersection of fintech distribution and regulated banking, a combination that has attracted nearly $400 million in funding to date.

Summary

Slice has raised $100 million in a Series C+ round led by Neo Wealth and Asset Management, with Moore Strategic Ventures and Kado Global participating. The Bengaluru-based bank, founded by Rajan Bajaj, became the first Indian fintech to turn into a bank after acquiring North East Small Finance Bank in 2023 and merging to form Slice Small Finance Bank. It offers savings accounts, fixed deposits, UPI payments, a UPI-enabled credit card and digital lending, and has expanded into MSME and merchant lending and payments. Total funding to date stands at nearly $400 million.