Slice Achieves First Full Year of Profitability in FY26
Bengaluru-based fintech unicorn Slice has reported its first full year of net profitability for the fiscal year ending March 31, 2026 (FY26). The transition into profitability marks a significant turning point for the startup, which has navigated complex regulatory changes in India’s credit card and digital lending sectors over the past three years. The firm reported a massive year-on-year increase in operating revenue, driven by strong growth in its credit card and payment processing divisions.
Slice’s turnaround is attributed to improved asset quality, lower credit underwriting costs, and a substantial reduction in customer acquisition expenses. The company successfully expanded its active user base by integrating credit features with UPI payments, allowing it to cross-sell financial products to its core millennial and Gen Z demographic. The financial statements indicate a healthy return on assets, signaling sustainable growth.
Regulatory Compliance and Future Product Roadmaps
The path to profitability follows Slice’s merger with North East Small Finance Bank, which granted the fintech a banking license and stabilized its cost of funds. By leveraging the bank’s deposit base, Slice has reduced its dependence on high-cost wholesale debt. The company plans to deploy its profits to expand its micro-lending and wealth management services, positioning itself as a full-suite digital bank for retail consumers.
