Founder · Slice

Rajan Bajaj

Founder & MD & CEO of Slice, a digital banking company based in Bengaluru.

Founder · MD & CEOBengaluruDigital Banking
Founded
2016
Bengaluru, India
Raised to date
$150M
2 rounds on record
Latest round
Growth round
$100M · September 2026
Team
1001–5000
slice Small Finance Bank Limited

About

Rajan Bajaj is Founder & MD & CEO of Slice, a digital banking company based in Bengaluru, founded in 2016. Slice's most recent disclosed round was a funding round of $100M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2016
Slice
Digital Banking · Bengaluru · 1001–5000 people · Active

slice Small Finance Bank is a Bengaluru-based digital bank, founded as the fintech slice in January 2016 by Rajan Bajaj to offer simplified credit and payments to young Indians with limited credit history. Its merger with Guwahati's North East Small Finance Bank completed in October 2024, and the combined entity was renamed slice Small Finance Bank in February 2025, making it India's first fintech to become a licensed deposit-taking bank. It now offers savings accounts, fixed deposits, UPI services and credit products, claims more than 20 million users and over 3,000 employees, and turned prof

Funding
September 2026Growth round$100MNeo Wealth (lead), Kado Global, Moore Strategic Ventures, Raise Financial, Blume Ventures, DSP Investment
June 2022Series C$50MTiger Global (lead), Moore Strategic Ventures, Insight Partners
Company profile →2 rounds on record

Journey with Slice

4 milestones
  1. Jan 2016Founded

    Founded in Bengaluru by IIT Kharagpur alumnus Rajan Bajaj to offer simplified digital credit and payments to young Indians with little or no credit history.

  2. Nov 2021Funding

    Becomes a unicorn on a round led by Tiger Global and Insight Partners, reaching a peak valuation of $1.5 billion after a further $50 million Series C in June 2022.

  3. Oct 2024Milestone

    Completes its merger with Guwahati-based North East Small Finance Bank, becoming India's first fintech to convert into a licensed deposit-taking bank. The combined entity is renamed slice Small Finance Bank in February 2025.

  4. Feb 2026Milestone

    Founder Rajan Bajaj takes over as RBI-approved managing director and chief executive, succeeding career banker Satish Kumar Kalra, as the bank posts its first profits.

Coverage

1 story
Funding · 3 Sept 2026 · 5 min read
Slice's $450M Valuation Looks Like a Crash Until You Price It as a Bank