ChainCatcher report: Slash, a digital banking platform for enterprises, has announced the completion of a $100 million Series C round led by Ribbit Capital, with co-leadership from Goodwater Capital and Khosla Ventures. The post-money valuation is approximately $1.4 billion, bringing total funding to $160 million. Slash states that it serves over 5,000 enterprise clients, offering services such as business accounts, virtual accounts, stablecoin payments, expense management, automated accounting, and real-time payments. The company plans to use the new funding to accelerate product development and advance its strategy of positioning its bank accounts as the central financial command center for businesses.
Digital banking platform Slash completes $100M Series C funding led by Ribbit Capital
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Summary
Digital banking platform Slash has secured $100 million in Series C funding, led by Ribbit Capital, with co-leads from Goodwater Capital and Khosla Ventures. The round values the company at $1.4 billion post-money, bringing total funding to $160 million. Slash serves over 5,000 enterprise clients, offering business accounts, virtual accounts, stablecoin payments, and real-time financial tools. The company will use the capital to accelerate product development and expand its digital asset-related services, aiming to establish the business bank account as the core of enterprise finance.
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