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

Odaily News: The enterprise-focused digital banking platform 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 enterprise clients, offering features such as corporate accounts, virtual accounts, stablecoin payments, expense management, automated bookkeeping, and real-time payments. The company stated that it will use the new funds to accelerate product iteration and advance its strategy of "banking accounts as the financial command center for businesses."