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How Slice entered India’s regulated banking sector
Welcome to TechCrunch Fintech! This week we’re looking at a company making a rare entrance into India’s significant — but locked-down — banking market and
The merger transforms Slice into a banking entity following months of regulatory scrutiny — and gives the startup access to capital at lower cost and direct control over its lending operations. According to an email sent to customers, Slice will maintain its existing digital payment and lending services as well as expand into traditional banking with offerings like savings accounts and investment products. CEO and founder Richie Serna told TechCrunch that becoming a payment processor was “hugely transformational” for the business, and a main driver of the fundraise.
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