FinTech
RBI: How Slice’s vision of full-stack digital credit insulates it from RBI’s regulatory shocks
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Synopsis
Despite multiple pivots and regulatory hurdles, Slice has steadfastly focused on disbursing credit to its target group. The company’s expertise in underwriting the credit risk associated with its target group differentiates it. The best part: It has achieved that with minimal cash burn. Even with the new lending norms, Slice can do well if it plays to its strengths.
Slice is at a crossroads. In June, RBI said that prepaid cards cannot disburse revolving credit lines to its customers, a core feature of the Bengaluru-based startup’s business till then. Last week, RBI again came up with stricter norms for digital lending. The market leader in one of the fastest-growing segments in fintech, Slice had to put brakes on its brisk growth. Backed by deep-pocketed investors such as Tiger Global, the pause is partly
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