Slash
Slash is a financial technology company specializing in providing industry-specific banking solutions for businesses. [1]
| ISIN | 🆔 |
|---|---|
| Founded 📆 | 2020 |
| Founder 👔 | Victor Cardenas Codriansky, Kevin Bai. |
| Headquarters 🏙️ | , San Francisco, CA |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
History
Slash was established in 2020 by Victor Cardenas Codriansky and Kevin Bai. The company was initially part of Y Combinator's accelerator program and launched its first product in 2021. The early growth of the company was marked by its rapid adoption among young entrepreneurs, particularly those involved in online reselling.
In 2024, Slash pivoted to focus on the more complex financial needs of larger businesses across various industries. This strategic shift allowed Slash to emerge as one of the fastest-growing corporate card providers in the U.S., with annualized card spend surpassing $3 billion.[2]
Products and Services
Slash offers a suite of financial products tailored to the needs of digital-first businesses. These include checking accounts, automated accounting tools, virtual and physical payment cards, as well as features for wire and ACH transfers, all accessible through a mobile app. The company's platform is designed to streamline financial operations for businesses in various sectors, including e-commerce, marketing agencies, cryptocurrency firms, and building systems technicians.[3]
Funding
As of May 2025, Slash has raised a total of $60 million in funding. In its Series B round, the company secured $41 million at a $370 million valuation. The funding was led by Goodwater Capital, with continued support from existing investors New Enterprise Associates (NEA), Menlo Ventures, and Y Combinator. Angel investors William Hockey, founder of Plaid, and Justin Mateen, co-founder and former CMO of Tinder, also participated in the funding rounds.
Growth and Impact
Since its pivot in 2024, Slash has experienced significant growth, with annualized card spend surpassing $3 billion. The company's revenue reached $4.1 million in December 2024, up from $3.8 million in June 2024, reflecting its expanding user base and increasing adoption across various industries.[4]
References
- ↑ Schwartz, Leo. "Exclusive: Two Gen Z college dropouts just raised $41 million for their 'vertical banking' startup Slash". Fortune. Retrieved 2025-09-15.
- ↑ "US banking startup Slash emerges from stealth". Finextra Research. 2023-05-09. Retrieved 2025-09-15.
- ↑ Wiggers, Kyle (2023-05-04). "Slash aims to corner the Gen Z market with business-focused banking features". TechCrunch. Retrieved 2025-09-15.
- ↑ "Slash uses AI to build custom banking tools for niche industries".
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