Founder Returns to Lead Full-Stack Banking Expansion
Fintech company Slice has appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director, and his appointment has been approved by the company’s board, shareholders, and the Reserve Bank of India.
The leadership move follows Slice’s transition into a regulated banking entity after its merger with North East Small Finance Bank in 2024, marking a key shift from a consumer fintech startup to a full-stack digital bank.
Building Lending, Payments, and Banking Infrastructure
Founded in 2016, Slice has grown to serve more than 20 million registered users and employs over 3,000 people. Bajaj played a central role in building the company’s lending and payments ecosystem, including establishing Quadrillion Finance, its non-banking finance arm, which provided credit using technology-led underwriting.
Following the merger, Slice integrated its fintech and NBFC operations into its banking structure, enabling it to offer regulated financial services including savings accounts, UPI payments, credit products, and fixed deposits.
Financial Performance and Banking Growth
Over the last three quarters of FY26, Slice reported a profit after tax of ₹27.97 crore, reflecting improving financial stability. Within one year of commencing full banking operations, the company opened more than 4 million savings accounts, signalling strong early adoption.
Slice’s leadership consolidation comes at a time when fintech firms are evolving into regulated financial institutions, leveraging India’s digital public infrastructure to expand access to banking services at scale.
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