Fintech platform Slice’s revenue, losses surge

Bengaluru-based fintech platform Slice’s revenue grew threefold to Rs 847 crore during FY23 from Rs 283 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies (RoC) show. However, its losses grew by over 50% to Rs 406 crore in FY23, up from Rs 254 crore it had incurred in FY22.

The platform, which provides physical and virtual credit cards focused on students and salaried professionals, makes most of its revenue from interest income received on portfolio loans.