Corporate Spending Fintech Slash Challenges Ramp and Legacy Banks, Announces New Funding
Fintech startup Slash has secured $100 million in Series C funding, bringing its valuation to $1.4 billion. The company provides corporate spending and expense management solutions, leveraging AI-powered features to support modern businesses.
Slash, a fintech startup founded by 19-year-old entrepreneurs Victor Cardenas and Kevin Bai, has closed a $100 million Series C funding round, valuing it at $1.4 billion. The company has scaled to $300 million in annualized revenue, serving thousands of businesses across e-commerce, crypto, and professional services. Slash's platform offers unified tools for banking, cards, payments, and analytics, helping companies operate with greater speed and precision. Its AI agent, Twin, automates tasks like invoice creation and anomaly detection. The company's solutions outperform traditional offerings from institutions like Bank of America and American Express, with seamless mobile-first experiences and instant card issuance. Slash's growth reflects the rise of fintech innovators targeting corporate spending and expense management, transforming business operations with consolidated financial workflows and real-time visibility into spending.
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