Slash Financial is now valued at $1.4 billion following a $100m Series C funding round led by Ribbit Capital. New investor Khosla Ventures and Goodwater Capital, who led Slash’s Series B 16 months ago, co-led the round. New Enterprise Associates and Y Combinator also participated in the round and are investing in Slash for a fourth time.
This latest funding elevates Slash Financial to unicorn status and brings the total amount of capital raised to more than $160 million.
“We went from $10 million to $250 million in annualized revenue in 24 months,” said Victor Cardenas, CEO and co-founder, Slash Financial. “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.”
Slash Financial surpassed $250 million in annualized revenue in 2025 and exceeded $1 billion in annualized stablecoin payment volume within nine months of launching the product.
Since its founding in 2021, Slash Financial has grown from an early-stage startup into a multi-product business banking platform, now powering more than $30 billion in annualized payment volume and serving more than 5,000 businesses across a growing range of industries.
To date, Slash Financial has raised $160 million. In 2025, it raised $41 million at a $370 million valuation during its Series B funding round, led by Goodwater Capital, NEA, and Menlo Ventures. In 2023, Slash secured $19 million in its Seed and Series A rounds.
Twin, Slash Financial’s new AI-powered financial agent, brings a new level of intelligence and automation to the financial workflows of existing Slash customers.
Twin leverages contextual access to a company’s Slash Financial account to surface insights on recurring financial or operational tasks, and take real action via direct card or bank payments and other key functions. Account holders can now direct Twin to handle any action available within the platform, from payments and invoice generation to spinning up new cards, all informed by real-time data across their accounts, card spend, treasury, virtual accounts, and reimbursements.
