Slash Hits $1.4 Billion Valuation Following $100 Million Series C Funding Round

Rapid Growth in B2B Fintech

Slash has officially reached unicorn status after securing $100 million in a Series C funding round, valuing the company at $1.4 billion. The investment was led by Ribbit Capital, with participation from Khosla Ventures and Goodwater Capital. This milestone comes as the San Francisco-based fintech transitions into a comprehensive financial command center for modern businesses. The company has seen an accelerated valuation jump, nearly quadrupling its worth from approximately $370 million just sixteen months ago. With total funding now reaching $160 million, Slash plans to use the capital to scale its product depth and international reach. The platform currently serves over 5,000 corporate clients across various industries, including e-commerce, healthcare, and digital agencies.

AI-Powered Financial Automation

At the heart of the expansion is the launch of Twin, an AI-powered banking assistant designed to automate back-office workflows. This agentic system handles tasks like invoice processing and expense management without manual human intervention. By integrating AI directly into the banking layer, Slash aims to eliminate the administrative burden for business owners. Beyond AI, Slash is differentiating itself through robust stablecoin payment rails and international USD accounts. The platform processes over $1 billion in annualized stablecoin volume, allowing businesses to transact in USDC and USDT without needing external crypto wallets. This infrastructure simplifies cross-border payments for companies operating in more than 100 countries.

From Niche Pivot to Global Scale

The fundraise marks a significant comeback for founders Victor Cardenas and Kevin Bai, who started the company at age 18. After their initial product-market fit in the sneaker resale niche collapsed, the duo pivoted to a horizontal B2B model. This strategic shift has resulted in approximately $300 million in annualized revenue and $3 billion in annual card volume. Moving forward, Slash intends to continue its high shipping speed, having launched over 100 features in the past year alone. The team is focused on becoming the primary financial operating system for internet-first companies. Interested businesses can currently explore the platform via its newly updated mobile app and integrated API.