Slice Closes 100 Million Round As Valuation More Than Halves To 470 Million

Slice Small Finance Bank has raised about $100 million (Rs 950 crore) from global and domestic investors at a valuation of $450-470 million (Rs 4,275-4,465 crore), marking its first institutional fundraise as a bank and a steep cut from its previous valuation of $1.3 billion, people aware of the matter told ET.The fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York-based investment arm of the