Slash Financial, a Gen Z-founded business banking platform, has achieved unicorn status off the back of a $100 million Series C funding round.
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Led by Ribbit Capital, with participation from Khosla Ventures, Goodwater Capital, New Enterprise Associates and Y Combinator, the round values Slash at $1.4 billion.
Slash combines FDIC-insured business checking, corporate cards with uncapped cashback rewards, expense management, treasury management, global payments, and stablecoin support into a single platform.
Founded by college dropouts Victor Cardenas and Kevin Bai in 2021, the firm is now powering more than $30 billion in annualised payment volume and serving more than 5,000 businesses across a growing range of industries.
The company surpassed $250 million in annualised revenue in 2025 and exceeded $1 billion in annualised stablecoin payment volume within nine months of launching the product.
With the Series C in place, Slash is making a major AI play through the launch of Twin, a financial agent promising to bring intelligence and automation to the financial workflows of customers.
The firm claims that Twin acts as an “AI Chief of Staff” by leveraging contextual access to a company’s entire Slash account to surface insights on recurring financial or operational tasks, and take real action via direct card or bank payments and other key functions.
Victor Cardenas, CEO, Slash Financial, says:. “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.”
