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Tiger Global Helps Make Credit-Card Startup Newest India Unicorn

  • Slice raised $220 million at a valuation topping $1 billion
  • Bangalore fintech company targets India’s young consumers
Rajan Bajaj
Rajan BajajSource: Slice

Slice, a credit-card startup targeting young consumers, raised $220 million to become India’s latest unicorn in a record funding year for the country’s internet companies.

The round led by Tiger Global Management and Insight Partners valued Slice at more than $1 billion, it said in a statement Monday. The company will use the capital to boost hiring, add new offerings and expand in the digital payments market.