Digital Banking Platform Slash Completes $100 Million Series C Funding Round Led by Ribbit Capital

Odaily News: Digital banking platform for businesses, Slash, announced the completion of a $100 million Series C funding round. The round was led by Ribbit Capital, with participation from Goodwater Capital and Khosla Ventures. The post-money valuation is approximately $1.4 billion, bringing the total funding raised to $160 million. Slash claims to serve over 5,000 business clients, offering services including corporate accounts, virtual accounts, stablecoin payments, expense management, bookkeeping automation, and real-time payments. The company stated that the new funds will be used to accelerate product iteration and advance its strategy of positioning the "bank account as the command center for corporate finance."