Kunal Kashyap quits CRED to join Slice ahead of banking launch

Kunal Kashyap, who played a significant role in managing risk at the well-known fintech startup CRED, has transitioned to Slice, a fintech startup which is launching its banking operations.

The move comes at a critical juncture, as Cred begins to delve deeper into the lending market, a move seen as vital for its revenue growth.

Kashyap's departure from Cred to Slice underscores the high degree of talent mobility that characterizes the competitive landscape of the fintech sector. His decision to join a rival firm adds an intriguing layer to the dynamics between the two companies, especially as both are eyeing significant expansions in their services.

Kashyap to spearhead credit operations at Slice's new banking venture

Kashyap is joining Slice to lead the credit part of its new banking branch, which will start after merging with North East Small Finance Bank. The merger has been approved by the Competition Commission of India and the central bank but needs one last approval from the National Company Law Tribunal.

Kashyap's skills in risk management will be very important for Slice as it gets ready for banking activities and tries to grow its presence in the fintech industry, as per the startup.

Slice to launch banking operating with merger approval

The merger of Slice with North East Small Finance Bank is a major step for Slice in its aim to become a bank. They've received approval from key regulators and now only need the go-ahead from the National Company Law Tribunal to finalize it. 

Notably, Both Cred and Slice are reinforcing their leadership teams in anticipation of future growth. Cred recently onboarded banking veteran Sujay Das to lead risk for its in-house lending business.

Meanwhile, Slice has appointed Satish Kumar Kalra, a retired banker, as CEO of the banking entity to be formed post-merger. These leadership changes are critical as both companies seek to navigate the opportunities and challenges in the fintech sector.