Slice now matches HDFC Bank in monthly account openings: Founder
In a significant development, fintech startup Slice has announced that it is now issuing around three lakh bank accounts to customers every month, putting it on par with HDFC Bank’s scale. According to Slice’s Founder and Executive Director Rajan Bajaj, this achievement makes the startup one of the top 5-7 account issuers across the country.
In an interview, Bajaj said, “We are issuing around three lakh bank accounts to customers every month, which puts us in the top 5-7 among bank account issuances across the country. This is close to HDFC Bank’s scale.” This impressive growth is a testament to Slice’s innovative approach to financial services and its ability to attract a significant number of customers.
Slice’s success can be attributed to its focus on providing a seamless and user-friendly experience to its customers. The startup has launched a range of innovative financial products, including a UPI credit card and a UPI-powered physical bank branch in Bengaluru. These products have been designed to cater to the evolving needs of the Indian consumers, who are increasingly looking for convenient and hassle-free banking services.
The UPI credit card, for instance, allows customers to make contactless payments using their mobile phones. This feature has been a major hit with customers, who are looking for a more convenient and secure way to make transactions. The UPI-powered physical bank branch in Bengaluru is another innovative product that has been well-received by customers. This branch offers a range of banking services, including cash deposits, withdrawals, and transfers, all of which can be done using the UPI app.
Slice’s focus on innovation and customer convenience has helped the startup to establish a strong presence in the Indian fintech market. With its monthly account openings now matching those of HDFC Bank, Slice has solidified its position as a major player in the industry.
However, Slice’s success is not just limited to its monthly account openings. The startup has also been making waves in the industry with its unique business model, which focuses on providing a range of financial services to its customers. Slice offers a range of financial products, including credit cards, personal loans, and insurance policies, all of which are designed to cater to the evolving needs of the Indian consumers.
In addition to its innovative products and services, Slice has also been focusing on building a strong team of experts who can help the startup to achieve its goals. Bajaj, who has a strong background in finance and banking, has been instrumental in shaping the startup’s strategy and growth. Under his leadership, Slice has been able to attract a team of talented professionals who share the startup’s vision and are committed to achieving its goals.
In conclusion, Slice’s achievement of matching HDFC Bank’s scale in monthly account openings is a significant milestone for the fintech startup. This achievement is a testament to Slice’s innovative approach to financial services and its ability to attract a significant number of customers. With its focus on innovation, customer convenience, and team building, Slice is well-positioned to continue its growth and success in the Indian fintech market.
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