Jupiter vs Slice
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
Slice owns a bank licence and turned profitable; Jupiter is savings-first but still rents Federal Bank.
At a glance
| Metric | Jupiter | Slice |
|---|---|---|
| Revenue | ₹150 Cr (FY24 est.) | ₹1,402.7 Cr total income (FY26, ~2.3x YoY) |
| Profit | -₹276 Cr (Net Loss FY24, down 16% YoY) | +₹48.4 Cr (first-ever net profit, FY26) |
| Active users | 3M+ users (Jul 2025) | 10M+ users |
| Employees | 500+ | 1,500+ |
| Founded | 2019 | 2016 |
| HQ | Bangalore, India | Bangalore, India |
LLitmus Framework Score
Overall: Jupiter 88 · Slice 87
Customer Segment
93
94
Value Proposition
96
95
Marketing Channel
88
91
Engagement
95
93
Income Source
80
82
Asset Validation
84
85
Core Operations
92
88
Strategic Alliance
94
95
Expense Validation
70
80
Jupiter leads 3 modules, Slice leads 6. Overall edge: Jupiter.
Head to head
| Dimension | Jupiter | Slice |
|---|---|---|
| Licence | NBFC only (partner-bank deposits) | Owns a Small Finance Bank |
| Core wedge | Savings + PFM, salary account | First credit line / UPI credit card |
| Profitability | Loss ₹276 Cr (FY24) | Net profit ₹48.4 Cr (FY26) |
| Cost of capital | Partner-bank deposits | Own low-cost SFB deposits |
FAQ
Is Jupiter or Slice a better business?
Slice owns a bank licence and turned profitable; Jupiter is savings-first but still rents Federal Bank. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between Jupiter and Slice's business model?
Jupiter operates in Fintech (Banking that keeps pace with you), while Slice is Fintech (The simplest way to pay). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, Jupiter or Slice?
Jupiter: -₹276 Cr (Net Loss FY24, down 16% YoY). Slice: +₹48.4 Cr (first-ever net profit, FY26).