Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others

slice, a fintech startup has raised $20 million from existing investors Gunosy, Blume Ventures among others. In addition to this, slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.

The members can get up to 2 per cent rewards on every card transaction which are instantly redeemable in cash. Also, members can slice their card bills over 3 months for free, which means they can get an interest-free period of up to 90 days – the longest in the industry.

Rajan Bajaj, founder and CEO, slice, said the banking industry in India has always viewed credit cards as a loan product rather than a high-frequency payment instrument.