Slash Financial announced it has raised $100 million in a Series C funding round, reaching a $1.4 billion valuation and achieving unicorn status. The round was led by Ribbit Capital, with Khosla Ventures and Goodwater Capital co-leading, alongside participation from New Enterprise Associates and Y Combinator. The financing brings the company’s total capital raised to more than $160 million.
The investment comes amid rapid growth for Slash, which has scaled from $10 million to $250 million in annualized revenue over the past 24 months. The company also surpassed $1 billion in annualized stablecoin payment volume within nine months of launching the product and now powers more than $30 billion in annualized payment volume across its platform.
Founded in 2021, Slash has evolved into a multi-product financial platform serving more than 5,000 businesses across a wide range of industries. Its offering combines business banking, payments, corporate cards, expense management, treasury services, and global payment capabilities into a unified system designed for modern, digital-first businesses.
A key focus of the Series C investment is expanding Slash’s AI capabilities, including the launch of “Twin,” an AI-powered financial agent designed to automate core financial workflows. Twin enables businesses to execute transactions, generate invoices, and manage financial operations through natural interactions, reducing the need for manual processes.
The platform is built on an AI-driven financial operating system, where intelligent agents handle tasks traditionally handled by finance teams. This approach reflects a broader shift toward automation as businesses increasingly look to operate more efficiently with smaller teams.
Slash plans to use the new capital to expand into additional industries and markets while continuing to develop its AI-native financial infrastructure.
KEY QUOTES:
“We went from $10 million to $250 million in annualized revenue in 24 months. This round lets us build the next layer of what Slash can do: more industries, more markets, more of the financial tools businesses actually need. The support from Ribbit, Khosla, and Goodwater is invaluable and will enable us to build what’s next, faster.”
Victor Cardenas, CEO And Co-Founder, Slash Financial
“What drew us to Slash was the speed and conviction we saw from Victor, Kevin and the team. The ratio of output to headcount is something we’re only starting to see from the best AI-native companies. They’re building the bank of the future, where agents handle the processes that used to require entire departments. We couldn’t be more excited to partner with them.”
Micky Malka, Founder, Ribbit Capital
“Slash is building the financial operating system for a new class of business: lean, high-velocity operators who will move more money with fewer people than anyone thought possible. What excites us is the underlying model: go deep in one industry, earn the right to expand, repeat. Slash is on its way to becoming an indispensable platform for operators building with AI.”
Jai Sajnani, Partner, Khosla Ventures
“AI is enabling a new generation of SMBs and solo entrepreneurs to operate at unprecedented scale. That shift demands a modern financial stack built for how they actually work. Slash is building the Finance Operating System to meet this unique moment, bringing banking, payments, and software into a single platform. We’re excited to co-lead their Series C.”
Eric Kim, Co-Founder And Managing Partner, Goodwater Capital
