StopDownOpen the app

People · Financial Services

slice appoints new board members for banking operations

By ·

Slice logo
Date
Company
Slice
What it does
Digital and AI-native bank
Kind
People
Stage
growth
Based in
Bangalore
Founded
2016
Sector
Financial Services

What they do

Slice operates as a full-stack bank following its merger with North East Small Finance Bank, offering savings accounts, credit cards, and UPI services

What happened

The company appointed Samir Sawhney as Executive Director and Ramesh Kumar as Independent Director to its board to strengthen its leadership team

Why it matters

These appointments follow the company's transition into a regulated banking entity, focusing on responsible underwriting, technology investment, and…

The details

  • The Reserve Bank of India (RBI) approved the appointment of Samir Sawhney as Executive Director of the slice board.
  • Ramesh Kumar has also joined the board of the company as an Independent Director.
  • These leadership changes support the company's focus on growth and responsible underwriting as a full-stack bank.
  • The firm continues to prioritize technology investment following its merger with North East Small Finance Bank.
  • The new board members bring extensive experience in banking, treasury, and digital transformation to the organization.

The bigger picture

  • The company recently transitioned into a full-stack bank through a merger with North East Small Finance Bank.
  • The board expansion signals a shift toward more robust corporate governance and regulatory compliance.
  • The firm aims to scale its digital and AI-native banking services across India.

About the business

  • slice provides a range of financial products including savings accounts, fixed deposits, and UPI-based credit services.
  • The platform offers instant cashback rewards and spending insights through its mobile application.
  • Savings accounts feature daily interest credits and zero minimum balance requirements for customers.
  • The company utilizes AI-native systems to categorize transactions and monitor security 24/7.
  • It operates as a full-stack bank, meaning it manages the entire banking stack from technology to regulatory compliance.
  • The company is headquartered in Koramangala, Bangalore.

What happens next

  • The company plans to continue its focus on growth and responsible underwriting.
  • The firm intends to maintain its investment in technology infrastructure.

The deal

Type
people

Investors

  • Tiger Global (existing) — Global investment firm.
  • Insight Partners (existing) — Software-focused venture capital firm.
  • Advent International (existing) — Global private equity investor.
  • Blume Ventures (existing) — Early-stage venture capital firm.
  • Gunosy Capital (existing) — Investment arm of the Japanese media company.

Founders

  • Rajan Bajaj, Founder

About Slice

Customers
Individual consumers seeking credit products, wealth management and banking services
How it makes money
Digital-first lending and small finance bank operations with credit card and investment products
What sets it apart
Pivoted from fintech unicorn to regulated Small Finance Bank with RBI approval

Other articles talking about it

Read it as a card in the app

More on Slice

Everything on Slice →

Same day

All startup news on 24 August 2026 →