A high flying fintech Unicorn, Slice has emerged a winner yet again, as the Nation Company Law Tribunal(NCLT) okays the merger between the company and the North East Small Finance Bank(NESFB). This partnership that was announced back in October fits in well in the company’s plan to revolutionize banking services. The tie up of Slice’s technology strength with NESFB’s strong heritage, the new-formed entity is expected to revolutionize the financial services delivering Digital&Personal banking services to the customers. This powerhouse is expected to bring a speedy advancement in the level of financial literacy in the country with more emphasis on the countryside.
Having received approvals from CCI, RoC, RBI, the Income Tax Department, Slice is all set to rise and attain new heights. This merger comes with the backdrop of Slice ’s recently closed $30m debt round and the business is set for further growth. In the coming years as the company increases its geographical presence and services, everyone will be eager to see how both strong partners will transform the fintech industry of India.