Slice Small Finance Bank is in discussions with investors to raise $50–100 million in fresh funding at a lower valuation than its previous round as the company looks to position itself as a digital bank like Brazil’s Nubank, multiple people familiar with the negotiations said.
The round, if completed, is likely to come at a valuation under $1 billion, these people said. Slice’s last known valuation was around $1.3 billion.
“They are in the market to raise, but the valuation will likely take a hit,” a person in the know said. “The company…
