Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation
Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation
In Brief
Posted:
Slash Financial, which offers business banking accounts, corporate credit cards, transfers and crypto, has raised a $100 million Series C round at a $1.4 billion valuation from a crowd of A-list investors, the company announced.
Fintech-focused Ribbit Capital, Khosla and Goodwater Capital led the round. Returning investors NEA and Y Combinator also invested.
Slash was founded about five years ago by CEO Victor Cardenas and CTO Kevin Bai, both who were 19 years old at the time, and are now 24, Bloomberg reports. They dropped out of college to build a fintech company focused on sneaker resellers. When the startup’s main customer, Yeezy, hit trouble after its founder Kanye West spewed anti-Semetic remarks, they pivoted to focus on a few verticals.
Now, the startup has become generalist, not targeting any one industry, Cardenas recounted in his blog post about the raise. He said the company is generating $300 million in annualized revenue, profitably, and claims 5,000 companies as customers. Even with such growth numbers, Slash has plenty of competition, including $32 billion valuation Ramp and Brex, which was recently acquired by Capital One.
Newsletters
Subscribe for the industry’s biggest tech news
Related
Latest in Startups
Sponsorizzato
Sponsorizzato
Sponsorizzato
Sponsorizzato
Pubblicità
Categorie
Leggi tutto
At least six dead in Switzerland bus fire30 minutes agoEPAThe cause of the fire is not yet knownAt least six people have been killed and others injured after a bus caught fire in a town in western Switzerland, according to police.The incident took place on Tuesday evening in Kerzers - known in French as Chiètres - in Fribourg canton, about 20km (12 miles) from the capital, Bern. A major rescue...
BBC debunks viral claims Bad Bunny is not a US citizen ahead of Super BowlSkip to contentWatch LiveBritish Broadcasting CorporationHomeNewsSportBusinessTechnologyHealthCultureArtsTravelEarthAudioVideoLiveDocumentariesWatch LiveMore on this story.5 hours agoSuper Bowl
Samsung's 2026 Frame TV Debuts Without Separate Breakout BoxSamsung has opened its gallery of new Art TVs, which includes updated versions of the Frame and Frame Pro. One of the biggest changes is that the base model gets rid of the separate connect box. Both models will be available in sizes between 55 and 85 inches.The Frame in 2026 has its connections built in, unlike previous...
God of War Original Trilogy Remakes Are Coming, and a New 2D Platformer Is Out TodaySony's State of Play on Thursday had some surprises, including the remaster of Metal Gear Solid 4. Finishing up the show were two announcements for the God of War franchise that no one saw coming. The first reveal was done by TC Carson, the voice actor for Kratos in the original God of War games released on...
FBI Confirms Buying Data That Could Be Used to Track AmericansFBI Director Kash Patel admitted under oath at a Senate Intelligence Committee hearing on Wednesday that the agency purchases data, which can be used to track Americans. The acknowledgement came after a question from Sen. Ron Wyden, a Democrat from Oregon. Wyden noted that in 2023, former FBI Director Christopher Wray testified...
