Slice Small Finance Bank

Slice was founded in January 2016 as SlicePay, a fintech company offering buy now, pay later and credit lines for students and young professionals.^{[7] [8] [9]} In January 2019, the company received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).^[10] Later that year, Slice launched its prepaid card in partnership with Visa and SBM Bank India.^[11]

In November 2021, Slice became a unicorn company, after raising about 220ドル million.^[12] By mid-2022, it was reportedly issuing over 300,000 prepaid cards per month,^{[13] [14]} having positioned itself as a credit card challenger.^{[15] [16]} However, after the RBI's June 2022 directive barring NBFC companies from issuing credit lines on prepaid payment instruments, the company discontinued prepaid cards to comply with the new norms.^{[17] [18]}

North East Small Finance Bank (NESFB) was established in July 2016, and was one of the 10 financial institutions to be granted a small finance bank license by the RBI in 2015.^{[19] [20] [21]}

In October 2023, Slice announced that it would merge with North East Small Finance Bank (NESFB), marking the first instance of a fintech company merging with a bank in India.^{[22] [23] [24] [25]} The merger was completed in October 2024 after regulatory scrutiny.^{[26] [27] [28] [29]} The merged entity was renamed as Slice Small Finance Bank in May 2025.^{[30] [31]}