Slash raises $100M at a $1.4B valuation to expand AI-powered banking platform for online businesses
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Slash Financial Inc. raised $100M at a $1.4B valuation to expand its AI-powered banking platform for online businesses. The funding will be used to further develop its product and build out its artificial intelligence-driven back office.
Slash Financial Inc. has raised $100 million in new funding at a $1.4 billion valuation. The startup operates a banking platform for modern online businesses, offering a suite of products including business checking, corporate cards, expense management, and treasury services. The platform is built on top of Column N.A.'s banking services and uses AI to drive its back office functions. Slash has focused on vertical-specific tooling, serving over 5,000 businesses across various industries. The funding round was led by Ribbit Capital, Khosla Ventures, and Goodwater Capital LP. The new capital will be used to further develop Slash's product and position its platform as an autonomous finance function for customers.
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