Fintech company slice has raised $50 million in a series C round led by Tiger Global. Slice will use new VC funding to boost its new unified payments interface (UPI) product.
The latest VC funding round also saw participation from existing investors Moore Strategic Ventures and Insight Partners, and a new investor, GMO VenturePartners.
In November last year, slice raised $220 million in its Series-B fundraise co-led by Tiger Global and Insight Partners.
Similar to other UPI apps, slice users can create a UPI account on the slice app by linking it to their bank accounts. With andy (&ID), the unique ID on slice, users will be able to make payments just by searching for the &ID.
Earlier, only slice’s credit users could enjoy its simple and intuitive experience. The company will be able to provide them with an equally superior experience by extending UPI services to 10 million waitlisted customers.