# Slice

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/slice-3

- Industry: Semiconductors
- Headquarters: Pyrmont, Australia
- Website: www.slicegroup.co
- Total disclosed funding: $7.5M
- Latest round: Seed (Aug 1, 2024)
- Investors on record: 1

## About

Based in Australia, Slice offers innovative pay-later travel payment solutions, enhancing the transaction experience for travelers and businesses by providing flexible and efficient payment options.Slice, founded in 2018 in Pyrmont, Australia, specializes in travel payment solutions. The company has secured two deals, with its most recent funding round being a Seed round on August 1, 2024, led by Peak XV Partners, raising USD 7.5 mn. Farouk Ismail serves as both the Founder and CEO of Slice.Slice Group specializes in innovative travel payment solutions designed to enhance the overall payment experience for travelers and businesses alike. Their core products streamline payment processes by offering various options that cater to a diverse customer base, including travel agencies, corporate clients, and individual travelers. The services aim to address common pain points in travel payments, such as transaction speed, security, and flexibility. Slice Group provides solutions that facilitate seamless transactions across multiple currencies and platforms, making it easier for users to manage travel expenses. Their offerings are available in key geographical markets, including North America, Europe, and Asia-Pacific, ensuring that a wide range of customers can benefit from their advanced payment technologies.Slice Group generates revenue through a combination of transaction fees and service subscriptions, primarily targeting businesses in the travel sector. Clients typically engage with the company through a subscription model that provides access to its payment platforms, coupled with transaction-based fees that apply to each payment processed. Businesses leveraging Slice Group's flagship products can expect to execute numerous transactions daily, facilitating payments for travel bookings and related services. The company may also foster partnerships with travel agencies and service providers, enhancing its revenue streams through collaborative offerings. Pricing structures vary based on the volume of transactions and the specific services utilized, reflecting the tailored approach Slice Group employs in its customer engagements.In August 2024, Slice secured USD 7.5 mn in Seed funding led by Peak XV Partners, which will be utilized to enhance its products and expand its B2B service, Slice Pay, tailored for travel agents. The company is focusing on improving product offerings and increasing its presence in the travel payment sector.

## Funding rounds

- Seed, Aug 1, 2024, $7.5M — Peak XV Partners

## Investors

- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed