Slice Unicorn

slice app brings a fast and simple way to make payments and access credit through its cornerstone products: slice UPI first account and slice borrow.

slice's purpose is to make the world better at using money and time... We've all felt how slow, confusing, and complicated banking can be. So, we're reimagining it.

Trusted by more than 18 million Indians, slice is a market leader in this rapidly growing segment.

offers credit solutions for consumers aged 18-29

The Slice app pairs self-service money management with round-the-clock customer support, so help is available at any time directly from the app.

Slice positions itself as a comprehensive money-management tool, giving users budgeting tools, spending alerts, and personalized recommendations inside the app.

Beyond the app, Slice runs a formal support operation with a toll-free helpline (1800-121-1905), a dedicated support email, and a Freshdesk-based complaint ticketing portal.

slice app brings a fast and simple way to make payments and access credit through its cornerstone products: slice UPI first account and slice borrow.

Slice underwrites credit using UPI transactions, merchant payments data, and behavioural indicators rather than relying solely on traditional bureau-based credit models, aimed particularly at customers new to formal credit.

Instead of expanding through bank branches, Slice prioritizes digital distribution -- customers open accounts, make payments, and apply for credit directly through its mobile platform.

Slice has deployed AI and GPT-powered tools across underwriting analysis, customer support, and compliance workflows.

Slice executed a multi-year merger with North East Small Finance Bank, converting its NBFC lending business into a full-stack banking operation, completed in October 2024 after regulatory scrutiny.

Slice built its original lending business on a non-banking financial company license held by its subsidiary for about five years, before merging into a small finance bank in 2024.

Rather than licensing a vendor platform, Slice built its own microservices-based core banking system that integrates directly with its underwriting engine, fraud monitoring, and customer-facing products.

As a small finance bank, Slice's deposit base surged 61% to ₹3,900 crore and its assets under management grew 27% to ₹3,800 crore by September 30, 2025, funding a technology-first unsecured lending book.

The company provides credit lines from ₹10,000 to ₹10 lakh through partnerships with Visa and SBM Bank.

Fintech firm Slice has successfully merged with North East Small Finance Bank

Interest income on Slice's loan portfolio is its largest revenue line, accounting for 56% of total operating revenue and surging 3.5X to ₹472 crore in FY23 from ₹134 crore in FY22.

The remaining share of FY23 operating revenue (₹847 crore total) came from processing fees, internet handling charges, commissions, and service fees on loans.

Slice also earns subvention income from merchant partners such as Amazon and Flipkart for offering no-cost EMIs, alongside interchange income and late payment fees on card transactions.

Employee benefit costs rose to ₹287 crore in FY23 (up 2.9X from ₹99 crore in FY22), with a substantial ESOP component.

Slice's cost base has consistently outpaced revenue as it prioritizes growth -- the company spent ₹1.50 for every ₹1 of revenue earned in FY23, though this was an improvement on FY22's ratio.

In FY22, advertising and promotion was Slice's single largest expense line -- 38.67% of overall expenditure -- jumping 33.6X year-on-year to ₹209.79 crore.