Odaily Planet Daily reports: Digital banking platform for businesses, Slash, has announced the completion of a $100 million Series C funding round led by Ribbit Capital, with co-investments from Goodwater Capital and Khosla Ventures, and continued participation from NEA and YC. The post-money valuation is approximately $1.4 billion, bringing total funding to $160 million. Slash serves over 5,000 enterprise clients, offering services including business accounts, virtual accounts, stablecoin payments, expense management, automated accounting, and real-time payments. The company plans to use the new capital to accelerate product development and advance its strategy of positioning its bank accounts as the central financial command center for businesses.
Digital Bank Platform Slash Completes $100M C-Round Funding Led by Ribbit Capital
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Summary
Digital asset news: Slash, a digital banking platform, has closed a $100 million Series C funding round led by Ribbit Capital, with co-investments from Goodwater Capital and Khosla Ventures. Project funding updates confirm continued backing from NEA and YC, raising the company’s valuation to $1.4 billion. Slash serves over 5,000 enterprise clients with services including business accounts, virtual accounts, and real-time payments. The company will use the funds to accelerate product development and expand its corporate finance offerings.
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