SlicePay

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans

Slice had in November last year raised $220 million in a Series-B round that valued the fintech company at over $1 billion

Despite the pandemic, the company grew by 125 per cent in 2020 and has recorded a 40-50 per cent increase in average customer spends

The firm enables college students and youngsters to buy products and services on EMIs