Slice offers a lay-by payment solution for travel, allowing customers to book flights and pay in installments, making travel more financially accessible. The service specifically addresses the challenge of high upfront costs for migrants and families who wish to attend significant cultural events without incurring unsustainable debt.
Funding
$7.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals, particularly migrants and families, face financial barriers when booking flights to attend important cultural events or family reunions. The high upfront costs associated with air travel can make it difficult to afford these trips without incurring significant debt.
Solution
Slice provides a "lay-by" payment solution specifically for travel, enabling customers to book flights and pay for them in installments over time. This approach makes air travel more accessible by removing the burden of a large, immediate payment. By allowing travelers to spread the cost of their flights, Slice helps them avoid unsustainable debt while still being able to attend significant life events and connect with family. The service aims to provide a fair and manageable way for individuals to finance their travel plans.
Target Audience
The primary target audience includes migrants and families who need to travel for weddings, births, cultural festivals, or family reunions, and who may find it challenging to pay for flights upfront.
Features
- "Pay Later Travel" option allowing customers to book flights and pay in installments.
- Partnership program ("Slice Pay") enabling travel agents to offer lay-by options to their customers.
- Flexible payment plans designed to accommodate various budgets.