Slice, Indian fintech unicorn, acquires stake in a bank

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  • Slice, a Bengaluru-headquartered fintech unicorn, has acquired a 5% stake in the Indian bank North East Small Finance.
  • Slice invested $3.42 million for the 5% stake in the Guwahati-headquartered small finance bank.
  • Analysts say this is a key step in Slice’s journey amid mounting challenges from the central bank.
  • This acquisition could help Slice withstand the challenges posed by the central bank.