Archive · 29 Jun 2025
Slice Targets Profitability by FY26 After Regulatory Shift
Slice, a fintech company, is now making money each month and plans to be fully profitable by 2026.
They became a bank after merging with another bank.
Slice had to change its business because of new rules, but now it's growing again.
They offer a UPI-linked credit card and digital branches with ATMs that don't need a card.
They are trying to serve people who need credit but are often overlooked, hoping to expand across India.
Slice is also offering a savings account with interest rates tied to the RBI repo rate, which is what banks charge each other to lend them money.
They are changing how they serve consumers and merchants.
Fintech startup Slice has achieved monthly profitability and targets full-year profitability in FY26.
The company transitioned into a regulated bank after merging with North East Small Finance Bank (NESFB) in October 2024.
Slice's revenue surged in FY23 but also saw increased losses; FY24 financials are yet to be disclosed.
The company is launching a UPI-linked credit card and digital bank branches, including UPI ATMs for cardless transactions.
Slice is focusing on the underserved but credit-worthy users and aims to scale across 600 districts.
- Who
- Slice, a fintech startup, is the main subject.
- What
- Slice, a fintech startup, is targeting full-year profitability in FY26 after transforming into a bank.
- When
- The company is targeting full-year profitability in FY26 after the merger in October 2024.
- Where
- Bengaluru's Koramangala
- Why
- Slice aims to cater to underserved credit-worthy users and scale its services across 600 districts.
- Targeted Profitability
- FY26
- Merger Date
- October 2024
- FY23 Revenue
- ₹847 crore
- FY23 Losses
- ₹406 crore
- UPI-linked credit card users
- 5 million
- Monthly Customer Onboarding
- 3 lakh