What is Slash Financial?

Slash Financial is a fintech company that offers business banking accounts, corporate credit cards, transfers, and crypto services.

How much funding did Slash Financial raise?

Slash Financial raised $100 million in a Series C funding round.

What is the current valuation of Slash Financial?

Slash Financial is valued at $1.4 billion following its Series C funding round.

Home / Business and Economy / Slash Raises $100M, Valued at $1.4B

Slash Raises $100M, Valued at $1.4B

17 Apr

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Summary

Fintech startup Slash secured $100 million in Series C funding.
The company is now valued at $1.4 billion by A-list investors.
Founded by 19-year-olds, Slash now has 5,000 customers.

Slash Financial, a fintech company providing business banking, corporate credit cards, transfers, and crypto services, has announced a $100 million Series C funding round. This investment values the company at $1.4 billion, with notable participation from lead investors Ribbit Capital, Khosla, and Goodwater Capital. Returning investors NEA and Y Combinator also contributed to the round.

Founded about five years ago by then-19-year-olds Victor Cardenas and Kevin Bai, Slash initially focused on serving sneaker resellers. Following market shifts, the company has broadened its scope to become a generalist fintech provider. As of the announcement, Slash serves 5,000 companies and reports $300 million in profitable annualized revenue.