![]() At such a time, a clear profitability journey will be crucial for venture funds that may consider investing. ![]() The company is also in the midst of raising a fresh round amid a global slowdown and weak investor sentiment. On its app, Slice has merchants including Licious, Miniso, Swiggy, BigBasket, and MakeMyTrip among a number of others. "They have a strong MDR arrangements with a lot of brands. But that only works when users buy the brands that they have a partnership with, hence the pull to drive up in-app purchases," explained a fintech industry source. With more transactions on its app, the company is trying to ensure faster growth in revenues so that it can achieve profitability sooner. This is as opposed to customers using the feature for all their payments with all merchants including those who Slice does not have a partnership with. The focus on in-app payments is in line with the company’s strategy to become a payments player as opposed to only lending.”īy making the feature specific to the app, select customers will be able to use it only for purchases from companies that Slice has a tie-up with, giving the startup the benefit of earning a share of the transaction. PhonePe Beat of Progress Powered by MoneycontrolĪnother fintech executive added, “By allowing Pay-in-3 for select card customers, the company is looking at reducing its credit risk.Pharma Industry Conclave Unlocking opportunities in Metal and Mining.The Challengers Life Insurance Made Simple.Interview Series Business In The Week Ahead.
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