Bengaluru student lending startup SlicePay gets NBFC licence
Bengaluru-based student lending startup SlicePay has secured "(Non-Banking Financial Company) NBFC licence" from the Reserve Bank of India. The startup's Co-founder Rajan Bajaj confirmed the same, tweeting, "With this regulatory comfort, we will run more aggressively towards our goal". Founded in 2015, SlicePay lets students make purchases online on monthly installments, without any collateral.