Fresh funding is set to accelerate the growth of fintech startup Slash as the company strengthens its ambition to transform business banking through artificial intelligence and modern financial infrastructure. The latest investment will support global expansion and the development of AI-driven banking solutions.
Slash has raised $100 million in a Series C funding round as it looks to scale its business banking platform. Founded in 2021 by Victor Cardenas Codriansky, the company initially focused on serving niche markets such as sneaker resellers before expanding its services to businesses across multiple industries.
The company is building AI-powered software designed to automate financial operations, including document processing, dispute management and communication with banks. By replacing manual workflows with automation, Slash aims to deliver faster and more efficient banking services than traditional financial systems.
The newly raised capital will be used to expand into new markets and strengthen the company’s global presence. Slash also plans to build a banking platform that operates seamlessly across different regions by integrating technologies such as AI and stablecoins to improve consistency and scalability.
Slash is competing with established fintech companies such as Ramp and Brex. However, the company is focusing on rebuilding the core banking experience instead of simply adding software tools to existing banking systems. It aims to position itself as a primary banking partner for businesses rather than only a financial software provider.
The company has also reported strong financial growth. It has remained profitable since May of the previous year and is targeting $250 million in annualised revenue by 2025. The funding round attracted support from major investors, including Ribbit Capital, Khosla Ventures, Goodwater Capital, NEA and Y Combinator.
Despite rapid growth in the fintech industry, many businesses still depend on traditional banks. Slash believes this presents a major opportunity to modernise business banking through automation, faster financial services and greater global accessibility.
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