Slice Small Finance Bank raises $100 million, valuation drops to $470 million
Business
Slice Small Finance Bank just raised $100 million in its first big funding round since becoming a bank.
The catch? Its valuation dropped from $1.3 billion to about $470 million.
Investors indicate confidence in Slice
The round was backed by Moore Strategic Ventures, Neo Group and Kado Global.
Even with the lower valuation, investors seem to believe in Slice's future.
Slice raised the funding.