Slice began in 2018 with a ‘PayLater Travel’ product aimed at helping consumers avoid high-interest credit card debt by spreading the cost of flights over instalments prior to departure. After bootstrapping for six years and weathering a 95 % revenue drop during the 2020 pandemic, the team expanded to the U.S. market and rebuilt its growth trajectory. The company has now served about 70,000 customers who use the service to budget more responsibly for travel. Founders Farouk Ismail and Yannick D. initially financed bookings on their own credit cards and even sold personal assets to keep the business afloat. Slice positions itself as a responsible alternative to traditional credit, targeting millions of travellers who risk falling into unsustainable debt. With fresh capital, the firm plans to scale its product globally and broaden access to its instalment-based travel financing. The latest funding marks its first external raise, giving the company resources to accelerate product development and reach new customer segments.

Total raised

$18M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jul 2024