Overview
- Slash closed a Series C round of $100 million at a $1.4 billion valuation led by Ribbit Capital with Khosla Ventures and Goodwater Capital, while NEA and Y Combinator joined as returning backers.
- The company plans to roll out Twin, an AI financial agent that can surface insights and carry out routine finance tasks for customers.
- Slash reports about $300 million in annualized revenue with profitability and says it serves roughly 5,000 business customers.
- Stablecoin payments on the platform surpassed $1 billion in annualized volume less than a year after launch, with support for USDC and USDT handled without separate crypto wallets.
- Slash builds on a partnership with chartered bank Column, a setup the company says helped it avoid disruption when banking‑as‑a‑service provider Synapse failed.