Slash, the fintech startup founded by Victor Cardenas and Kevin Bai, has raised $100 million in a Series C funding round, achieving a valuation of $1.4 billion as it scales its business banking and corporate card platform.
The round was led by Ribbit Capital, Khosla Ventures, and Goodwater Capital, with continued backing from NEA and Y Combinator. The fresh capital will be used to expand Slash’s product suite, which includes business banking accounts, corporate credit cards, money transfers, and crypto services.
Founded around five years ago by CEO Victor Cardenas and CTO Kevin Bai, the company initially focused on niche segments such as sneaker resellers before pivoting to a broader vertical banking model serving multiple industries.
Today, Slash has grown significantly, reporting around $300 million in annualized revenue and serving approximately 5,000 companies. The company operates in a highly competitive fintech space alongside players like Ramp and Brex, positioning itself as a flexible, AI-driven financial platform for modern businesses.
