Corporate Spending Fintech Slash Raises $100M Series C at $1.4B Valuation
Slash Financial closed a $100 million Series C funding round led by Ribbit Capital, with Khosla Ventures and Goodwater Capital co-leading. The round values the business banking platform at $1.4 billion, granting it unicorn status. New Enterprise Associates and Y Combinator also participated, marking their fourth investment in the company.
Total capital raised now exceeds $160 million. Slash surpassed $250 million in annualized revenue in 2025 and powers more than $30 billion in annualized payment volume across over 5,000 businesses. The company also exceeded $1 billion in annualized stablecoin payment volume within nine months of launching that product.
Goodwater Capital had led the $41 million Series B just 16 months earlier at a $370 million valuation.
- Validates continued investor appetite for embedded banking and corporate spending platforms despite a competitive market with Ramp and Brex
- Stablecoin integration in corporate spending tools signals growing convergence of crypto infrastructure and traditional BaaS offerings