At Slash, we believe your bank account should do more. It shouldn’t just be the place you hold your money, it should be your business’ financial command center.¹ One place to:
- Find and eliminate wasteful spend.
- Accept payments and invoice your customers.
- Automate your accounting busywork.
- Understand your finances in real time.
- And much more.
Today, we’re announcing a $100 million Series C at a $1.4 billion valuation, bringing our total funding to $160 million. We’re excited to bring on Ribbit Capital as our lead investor in the round, and to have Khosla Ventures and Goodwater Capital co-leading. Goodwater, who led our Series B just 16 months ago, is doubling down. NEA and YC are investing in Slash for a fourth time.
This fundraise is a testament to the incredible amount of time and quality of work the entire team at Slash has put in over the course of the last 5 years. We can’t wait to use these resources to deliver immense value to our customers.
It’s been a grind
I started Slash at 18, in the middle of the pandemic.
Itching to start a business, I convinced the smartest engineer I knew – my co-founder Kevin – to take a break from school and come live in LA with me. We didn’t know exactly what we were building yet, but we knew we wanted to build something meaningful.
A few pivots into our journey, we met our current Head of Customer Success, Brenden Truong. Brenden taught us all about the sneaker resale space, where we first found product-market fit.
Within a year, we had scaled to $5M in ARR and raised a Series A.
Then the market disappeared. What had been our entire growth engine collapsed almost overnight. This was both the toughest moment for me as a founder, and the best thing that ever happened to Slash.
It forced us to think bigger.
What larger industry could we go after? How could we deliver differentiated value to businesses in many industries simultaneously? After all, every business owner in the world needs a bank account. The question was, how could we build a better one?
The Slash Thesis
The answer was simple: do more.
Legacy banks are static, rigid, and one-size-fits-all. Businesses aren’t.
Marketing agencies want to segment spend by client, so we built virtual accounts.
Wholesalers want to transact in stablecoins, so we built stablecoin payments.⁴
The list goes on.
Your bank account should adapt to your business, not the other way around.
From day one, we’ve built by listening closely to our customers and shipping the tools they actually need, especially the ones no one else is willing to build.
That approach has compounded. Every industry we serve makes the product better for all the rest — and that flywheel only accelerates. Today, Slash processes:
We inflected in 2025
For most of our history, Slash was focused on a handful of verticals.
That changed in 2025.
We reached a point where we had built enough product depth and earned enough trust, that Slash became broadly useful across industries.
Now, our growth is accelerating on top of our scale.
In Q1 2026, Slash’s growth accelerated, with total purchase volume and revenue increasing faster quarter over quarter than it did over the same period in 2025, on a much larger base.
This is hard to do, but it’s because we’re shipping product faster than anyone else. In the last 12 months alone, we launched over 100 features. These include:
- A new mobile app
- Global USD (Slash for non US businesses)³
- Expense management and reimbursements
- Accounting Automation
- Invoicing
- Real Time Payments
- API
Today, we serve more than 5,000 ambitious companies across a variety of industries — from tech startups like Bland and DualEntry, to gaming companies like Triumph, large HVAC companies, e-commerce brands like Nectar and Hike Footwear, and a range of small businesses — who rely on Slash to operate at their best.
AI is only going to let us go faster
We are shipping an order of magnitude faster in early 2026 than we were in 2025.
By the end of the year, Slash will run your financial back office for you.
Every waking second of a business owner’s time should be spent on the needle moving parts of their business: not their finances, not accounting busywork.
If you manage a business and want to experience banking that goes above and beyond, take a demo of Slash. We’d love to work with you.
And if you are someone who wants to join one of America’s fastest growing companies and help us build this generation’s most consequential financial services business, please visit our careers page.
We are just getting started.
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