Bengaluru, NFAPost: Slice, a fintech startup and credit card challenger, announced the appointment of Siva Kumar Tangudu as the company’s new Chief Technology Officer.
An IIT-Mumbai alumni, Siva Kumar Tangudu brings with him rich leadership expertise of over 15 years across senior & pivotal roles at Myntra, HackerRank, Microsoft, & Oracle to name a few. He also comes with a seasoned entrepreneurial background and co-founded a Hyderabad-based startup, Kawanan Labs.
Siva Kumar Tangudu has been an early-stage investor in slice, witnessing the company’s growth at a personal level. In this role, Siva Kumar Tangudu will be responsible for strengthening slice’s technological arm and further expanding the company’s offerings.
Commenting on his appointment, Slice Founder & CEO Rajan Bajaj said Siva brings with him a wealth of consumer tech experience and we are thrilled to have him on-board.
“He has a great history of leading engineering teams at some of the best tech companies, as well as his own startup. There are some very exciting things in the pipeline at slice – including the launch of a game-changing rewards system as well as UPI on our platform. Siva’s expertise will be critical in helping us move closer to our mission of building the raddest payment experience for millennials and GenZ,” said Rajan Bajaj.
Siva Kumar Tangudu said it is the best time to be at slice. “Rajan and his team are building a phenomenal product that essentially challenges many traditional practices in the finance sector, and it’s thrilling to be a part of it. I look forward to building a stellar team here and bringing forth a tech-first approach to solving some interesting and hard problems in this space,” said Shiv Kumar Tangudu.
In the last few quarters, slice has witnessed a significant growth in terms of consumers and the size of the team. Despite the pandemic, the company continued hiring and strengthening its leadership team, grew 6x in FY-21 and recorded a 40-50% increase in average customer spends.
Slice is India’s best credit card challenger to pay bills, manage expenses, and unlock instant rewards. The company reinvented on how traditional credit cards work by offering a simple and transparent app to help its members transact easily.
The company about 3 million registered members with an average age of 23, making it a market leader in a niche and growing segment. Slice is backed by leading VCs who believe in us – Gunosy Capital, Das Capital, Finup, Blume Ventures India, Simile Venture Partner, EMVC, Tracxn Labs, Better Capital, Sachin Bansal’s Navi, and angel investors such as Kunal Shah.