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The Bengaluru-based consumer lending and payments unicorn slice has concluded its total debt round of $30M from Neo Markets! In the latest round, Slice raised approximately $8M, following a $20.5M raise in June. Additionally, the fintech unicorn secured $9.01M in debt from Stride Ventures in November 2023. With a total of $342M raised across 15 rounds, Slice now boasts a valuation of over $1.8B and annual revenue of ₹868 crore ($108M) as of March 2023. Founded by Rajan Bajaj, Slice provides physical and virtual cards targeted at millennials, allowing students and salaried professionals to purchase collateral-free products and services online through estimated monthly installments (EMIs). To read more, click here: https://lnkd.in/gVSs7-NF #Fintech #Funding #Slice #DebtRound #Investment #Bengaluru #Unicorn #FintechNews

#Fintech unicorn slice has raised Rs 71.7 crore (approximately $8.53 million) through an investment by its founder and CEO, Rajan Bajaj, via the issuance of partly paid-up shares. As per regulatory filings sourced from the Registrar of Companies (RoC), Slice's board approved the issuance of 22,000 partly paid-up equity shares at Rs 32,606 per share, which will be issued in one or more tranches. This comes after the Bengaluru-based company secured Rs 300 crore in debt funding earlier, through compulsorily convertible debentures (CCDs). This round was led by the Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust, with participation from Blume Ventures and 8i Ventures, among others. Slice, which primarily targets millennials and Gen Z, offers services such as prepaid accounts, UPI payments, and consumer credit. It has gained popularity for its no-fee credit services and rewards program, and has expanded into the buy-now-pay-later (BNPL) segment, providing users a flexible way to manage their spending. In 2021, Slice achieved unicorn status after raising $220 million in a funding round led by Tiger Global and Insight Partners. As of March 2023, Slice was valued at $1.3 billion, according to Tracxn. Mahima Garg | Siddharth Saraswat | Venkatesan Vaidhyanathan | Sankalp Asawa | Sourav Kumar Sharma | Ananth Iyer | Sandipan Bala | Vaibhav Domkundwar | Vikram Chachra | Oskar Hartmann | Kunal Ranawat |

Founded by🌟 Rajan Bajaj , 🔥slice provides a physical and virtual card focused on millennials. 🚀🌟Exclusive: Slice concludes $30 Mn debt round from existing investor🚀🌟 🌟Trust and Confidence: Securing $30 million from an existing investor showcases the strong trust and confidence in Slice's vision, strategy, and execution. 🌟Sustained Growth: This funding round highlights Slice's sustained growth and potential for continued success in the competitive financial technology sector. 🌟Validation of Impact: The significant investment serves as a validation of Slice's impact and effectiveness in providing innovative financial solutions. 🌟Fueling Innovation: The new capital will empower Slice to further innovate, enhancing its services and offerings to better meet customer needs. 🌟Team Achievement: This milestone is a testament to the dedication, expertise, and hard work of the Slice team, proving their capability to secure substantial funding. 🌟Inspiration for Fintech Startups: 8 Slice's success story serves as an inspiration for other fintech startups, demonstrating that with a clear vision and persistent effort, meaningful support can be achieved. 🌟Expanding Reach: The additional funding will enable Slice to expand its reach, offering its services to a broader audience and driving growth. 🌟Commitment to Excellence: The continued support from an existing investor underscores Slice's commitment to excellence and its potential to become a leader in the fintech industry. 🌟Positive Economic Impact: By securing this investment, Slice is poised to create jobs, stimulate economic activity, and contribute positively to the financial sector. 🌟Strengthening Financial Inclusion: The investment highlights Slice's dedication to strengthening financial inclusion, ensuring more individuals have access to modern financial services. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nH #Fintech #StartupFunding #DebtRound #Innovation #Investment #Slice #Growth #FinancialServices #TechInvestment #BusinessExpansion #EconomicImpact #SuccessStory #scoopearth

Series of decoding Businesses - Zaggle Prepaid Ocean Services Ltd #1 Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. Headquartered at Hyderabad, it is at an intersection of of SaaS (Software as a service) and Fintech. With 273+ employees, the company has 50 Mn+ co-branded prepaid cards. Business Updates:- Zaggle started FY25 strongly, exceeding internal expectations. 35%-40% of business typically comes in the first half of the year (H1), with the remainder in the second half (H2). The company is focused on digitizing corporate spends and enhancing efficiency through AI-driven solutions. Disclaimer: Follow Ganesh StockInvest PVT LTD disclaimer.. Open a demat with us Ganesh Stock . 👉 Low Brokerage Rates 👉 Access to Expert Insights 👉 User-Friendly Platform To open your Demat account, visit our website www.ganeshstock.com or contact our team at 8448899576. We're here to assist you with any questions or support you need. #decoding #businessgrowth #FinTech #Zaggle #entrepreneur #investmentopportunity #target #growth #financialplanning #investment #nseindia #bseries #upmove #niftyfifty #banknifty

📈 PB Fintech Allocates Around 27 Lakh Equity Shares Under ESOP Plan. PB Fintech, the parent company of digital platforms like Policybazaar and Paisabazaar, has allotted approximately 27 lakh equity shares under its Employee Stock Option Plan (ESOP). This move is aimed at rewarding and retaining key talent, aligning their interests with the company’s growth. 💼 ESOP Allocation Details:   - PB Fintech has issued 27 lakh equity shares to employees under its ESOP plan, a common practice to incentivize and motivate staff. - The allotted shares are a part of the company’s ongoing effort to retain top performers and attract skilled professionals by offering ownership stakes in the company. 🚀 Strengthening Employee Engagement:   - The ESOP allocation reflects PB Fintech’s commitment to aligning employee interests with the long-term success of the company, which is essential in a high-growth sector like fintech. - Offering stock options is a key strategy for startups and high-growth companies, ensuring that employees are financially motivated to contribute to the company's performance and share in its success. 📈 Market Impact:   - As PB Fintech continues to grow, this move is expected to help foster a more engaged and loyal workforce, essential for scaling operations and driving innovation across its digital platforms. - The ESOP plan serves as a tool to further attract top talent in the competitive fintech industry, enhancing the company's ability to expand its footprint and build a solid foundation for future growth. 📅 Future Outlook:   - PB Fintech’s focus on employee retention and satisfaction through stock options is expected to continue as the company scales and diversifies its offerings across the fintech and insurtech spaces. - The company plans to remain a leader in the digital finance sector, driving innovation while building a motivated and engaged workforce that contributes to its ongoing success. PB Fintech’s allotment of 27 lakh equity shares under its ESOP plan signals the company’s dedication to long-term growth, employee retention, and creating value for its workforce as it strengthens its position in the fintech market. #PBFintech #ESOP #EmployeeStockOptions #Policybazaar #Fintech #StartupCulture #Microshots #EmployeeEngagement #TalentRetention #GrowthStrategy

In a striking contrast to the hefty pay packages of other unicorn founders, Rajan Bajaj, the founder and CEO of fintech unicorn Slice, took home an annual salary of just Rs 12 in FY23. This is in stark contrast to FirstCry CEO Supam Maheshwari, who received a staggering Rs 200.7 crore remuneration in the same period, as revealed by PrivateCircle Research in a recent report. Despite Bajaj's minimal salary, Slice reported an impressive Rs 847-crore revenue from its operations in the payments and lending business during FY23, marking a three-fold increase over the previous fiscal year. However, the firm's losses also significantly rose, growing nearly fourfold during the same period. Employee benefits and non-performing assets (NPAs) spiked, leading to a 59.8% increase in losses, which amounted to Rs 406 crore in FY23 compared to Rs 254 crore in FY22. Read the full story here: 👇 https://lnkd.in/gCvTkGvf #fintech #unicorn #ceo #founder #salary #money #startup #indianstartupnews

📈 PB Fintech Executives to Sell Stake in the Company. PB Fintech's top executives, Yashish Dahiya and Alok Bansal, are planning to offload up to 83.7 Lakh shares in the company via block or bulk deals. Here's a breakdown: 📊 Stake Sale Details: - Yashish Dahiya, CEO and Chairman of PB Fintech, intends to sell up to 54 Lakh equity shares. - Alok Bansal, Vice Chairman and Whole-time Director, plans to sell up to 29.7 Lakh shares. - The offer size for the stake sale is estimated to be around INR 1,053 Cr at a floor price of INR 1,258 per share. - The proceeds from the sale will be primarily used to cover taxes on current and future ESOP exercises. 💼 Impact on Ownership: - Post-sale, Dahiya will retain a 4.83% stake, while Bansal will hold a 1.63% stake in PB Fintech on a fully diluted basis. - No further sale of shares is planned for at least the next year. 💰 Financial Performance and Market Impact: - PB Fintech's shares have surged nearly 70% year-to-date, leading to an increase in market capitalization, which crossed $7 Bn. - The company's profit jumped almost 62% quarter-on-quarter to INR 60.2 Cr in Q4 FY24, reflecting sharp growth across its business segments. - The shares closed at INR 1,340.6, reaching a level last seen in mid-November 2021, shortly after the company's listing on the bourses. - PB Fintech has been added to the MSCI India Index in the May review, further indicating its market significance. 📈 Industry Trends: - This development mirrors a broader trend in the startup ecosystem, as seen with RateGain, where founder Bhanu Chopra's family members recently offloaded 3% stake in the travel tech startup. The stake sale by PB Fintech executives reflects strategic financial planning amid the company's rapid growth trajectory and increasing market valuation. #PBFintech #StakeSale #FinancialPerformance #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Rajan Bajaj, who founded fintech unicorn Slice, took home just Rs 12 as annual salary in FY23. Compare this to FirstCry CEO Supam Maheshwari's Rs 200.7-crore remuneration in the same period, revealed a report. PrivateCircle Research, a private market intelligence platform, released the report on the median and average salary gaps in unicorn founders, with Maheshwari and Bajaj being outliers. Notably, Slice had reported Rs 847-crore revenue from its operations in payments and lending business during FY23, a three-fold jump over the previous fiscal. The company had managed to achieve this despite the regulatory clampdown that saw the company scrapping its then flagship product, a revolving creditline on prepaid card, during the first quarter of FY23. #startup #slice #fintech #unicornstartup #founder

🚀 Breaking News! 🚀 Yubi, the fintech unicorn formerly known as CredAvenue, is making waves again! 💰🌟 They’ve just supercharged their ESOP game with fresh stock options. Let’s dive into the details! 📊🔑 🔍 What’s the Buzz? 🔍 Yubi’s board has given the green light to add a whopping 22,00,000 employee stock options to their existing and new ESOP plans. 🚀📈 This move brings their total ESOP pool to an impressive 60,08,920 options! 🌐💼 Whether you’re an existing team member or a new recruit, Yubi’s got your financial future covered. 💪🤝 🌐 Why It Matters? 🌐 These fresh ESOP options are worth approximately $26 million—talk about a wealth-building boost! 💸💡 Yubi’s mission is clear: attract and retain top talent while revolutionizing business lending. 🌟🚀 So if you’re part of the Yubi crew, buckle up for exciting times ahead! 🎢👏 #Yubi #ESOP #EmployeeBenefits #CompanyGrowth #StockOptions #HR #EmployeeEngagement #Startups #WorkplaceBenefits #India #BelieveIndia To read more in detail, click below:👇 https://lnkd.in/gnJx-h7N