Slice Commits Additional $15 Million to Small Business Pizza Shops

Entrepreneurs with a passion for pizza may be interested in what one digital platform is serving up for small restaurants. Last year, Slice — a platform used to help independent restaurants manage digital sales — launched its Slice Accelerate program. This accelerator grants selected participant pizzerias with $15,000 worth of technology and services along with entrepreneurial mentorship and other benefits. Now, Slice has announced that it’s committing an additional $15 million to the program.

According to the company, Slice Accelerate was launched in response to the pandemic, which saw increasing demand for take-out businesses but brought several challenges. Among them, while third-party delivery apps may have brought more sales to small restaurants, the fees charged by such platforms may have prevented those sales from contributing as much to the bottom line as owners would have hoped.

Slice decided to launch its accelerator to help independent restaurants with their technology, marketing, and more, while also offering direct one-on-one support. In turn, Slice hopes that these small businesses will be better equipped to compete with larger chains and delivery services.

To date, Slice Accelerate has provided more than $1.5 million in support to over 100 restaurants. Figures show that program participants have seen their digital sales double within the first 12 months. In a statement about the progam, Slice CEO and founder Ilir Sela said, “I’m incredibly proud of the impact Slice Accelerate has made thus far. After seeing such strong results within the first year, Slice Accelerate is here to stay. Unlike a loan or a cash offering which is a quick fix — the complimentary services we offer through Accelerate are designed to bring lasting, effective results that set our partners up for future success and we look forward to continuing to invest both in our new and existing Accelerate shops.”

Instead of applications, Slice is currently accepting shop nominations (that can be made by anyone), with participants being selected on a rolling basis. As far as requirements, the company notes that “selection criteria will include entrepreneurs with enormous potential and a desire to use technology to scale up operations while maintaining a great quality product.” With that vague answer, it would seem as though Slice Accelerator is more of a way to bring locations onboard the Slice platform than an actual grant program like those we’ve seen launched by Amex, PayPal, FedEx, and others in recent months. Nevertheless, the accelerator could still be a benefit to small pizza businesses as Slice continues to grow.

Also published on Medium.


Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Credit Bureaus Once Again Extend Free Weekly Credit Reports

An offer that was introduced at the beginning of the pandemic has once again been extended. This week, the three major credit bureaus in the United States — Equifax, Experian, and TransUnion — announced that they'd be continuing their free weekly credit report program for consumers. Now, the feature will be valid until the end of 2023. Prior to the pandemic, consumers were entitled to download a copy of their...

Marriott Bonvoy Unveils New Cobranded Cards From Amex, Chase

In a much-expected move, Marriott Bonvoy has announced the launch of two new cards that will join their cobranded line up. These cards are the Marriott Bonvoy Bevy American Express card and the Marriott Bonvoy Bountiful Card from Chase. Both the Bevy and Bountiful cards earn 6x Marriott Bonvoy Points on purchases at participating Marriott Bonvoy properties, 4x points on purchases at restaurants worldwide as well as at U.S. supermarkets (up...

Small Business Banking App Lili Introduces Lili Academy

Oftentimes, when people think of the "entrepreneur spirit," they assume it means striking out completely on your own. While setting your own course and working for yourself can be key reasons why individuals elect to start a small business, the truth is that there's no shame in seeking some help. Luckily, there are now a number of free resources entrepreneurs can utilize to help teach them important business topics and...