RBI: How Slice’s vision of full-stack digital credit insulates it from RBI’s regulatory shocks

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Rajan Bajaj, founder and CEO, Slice

Synopsis

Despite multiple pivots and regulatory hurdles, Slice has steadfastly focused on disbursing credit to its target group. The company’s expertise in underwriting the credit risk associated with its target group differentiates it. The best part: It has achieved that with minimal cash burn. Even with the new lending norms, Slice can do well if it plays to its strengths.

Slice is at a crossroads. In June, RBI said that prepaid cards cannot disburse revolving credit lines to its customers, a core feature of the Bengaluru-based startup’s business till then. Last week, RBI again came up with stricter norms for digital lending. The market leader in one of the fastest-growing segments in fintech, Slice had to put brakes on its brisk growth. Backed by deep-pocketed investors such as Tiger Global, the pause is partly

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RBI: How Slice’s vision of full-stack digital credit insulates it from RBI’s regulatory shocks


Rajan Bajaj, founder and CEO, Slice

Synopsis

Despite multiple pivots and regulatory hurdles, Slice has steadfastly focused on disbursing credit to its target group. The company’s expertise in underwriting the credit risk associated with its target group differentiates it. The best part: It has achieved that with minimal cash burn. Even with the new lending norms, Slice can do well if it plays to its strengths.

Slice is at a crossroads. In June, RBI said that prepaid cards cannot disburse revolving credit lines to its customers, a core feature of the Bengaluru-based startup’s business till then. Last week, RBI again came up with stricter norms for digital lending. The market leader in one of the fastest-growing segments in fintech, Slice had to put brakes on its brisk growth. Backed by deep-pocketed investors such as Tiger Global, the pause is partly

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

New Feature
Refer & Earn

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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