Bengaluru-based fintech startup Sliceis the latest entrant into the unicorn club, with a five-fold jump in valuation to $1 billion within six months.
The startup, which issues credit cards targeted at young professionals, raised $220 million in its Series B round led by New York-based investment firms Tiger Global and Insight Partners, said a statement.
The round also saw participation from notable angel investors Guillaume Pusaz and Binny Bansal, as well as new and returning investors including Advent International’s Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i.
Slice will utilise the capital to expand and strengthen its presence in the payments space, hire talent, and expand its product offerings.
