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Many saw slice’s 2023 acquisition of North East Small Finance Bank (NESFB) as a gamble that was destined to fail. The SFB was knee-deep in bad loans and had negative returns on assets. But the fintech only saw one thing – the golden ticket to operate a bank. Today, slice has flipped the script.
slice’s Turn Of Fate: For slice, the SFB acquisition was a necessity that came at a very opportune time. A crisis struck the fintech startup in 2022, when the RBI…
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.
Many saw slice’s 2023 acquisition of North East Small Finance Bank (NESFB) as a gamble that was destined to fail. The SFB was knee-deep in bad loans and had negative returns on assets. But the fintech only saw one thing – the golden ticket to operate a bank. Today, slice has flipped the script.
slice’s Turn Of Fate: For slice, the SFB acquisition was a necessity that came at a very opportune time. A crisis struck the fintech startup in 2022, when the RBI…
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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