Slash Financial has officially achieved unicorn status, reaching a valuation of $1.4 billion following a $100 million Series C funding round. Led by Ribbit Capital with participation from Khosla Ventures and Goodwater Capital, the round marks a nearly four-fold increase for the San Francisco-based firm, which was valued at just $370 million less than a year ago. The investment follows a period of hyper-growth in which Slash saw its annualized revenue jump from $10 million to $250 million in just 24 months, a 2,400% increase that underscores the massive demand for modern, high-velocity business banking.
The centerpiece of this new chapter is the launch of "Twin," an AI-powered financial agent designed to function as an autonomous Chief of Staff for business owners. Moving beyond traditional dashboards that require manual entry, Twin leverages contextual access to a company’s entire Slash account to execute complex workflows via natural language commands. The agent can independently generate invoices, issue virtual cards, and manage cross-border stablecoin payments. This move into "agentic finance" aims to eliminate the administrative "workflow debt" that typically plagues lean, high-growth teams.
Slash now powers more than $30 billion in annualized payment volume for over 5,000 businesses, including a stablecoin product that cleared $1 billion in volume within nine months of launch. "They're building the bank of the future, where agents handle the processes that used to require entire departments," stated Ribbit Capital Founder Micky Malka. By integrating programmable banking rails with generative AI, Slash is positioning itself as an indispensable operating system for a new generation of solo entrepreneurs and AI-native startups that prioritize output over headcount.
