Slash

What Slash does

Slash Financial, Inc. is a San Francisco-based financial technology company founded in 2021 by Victor Cardenas and Kevin Bai, originally focused on banking services for sneaker resellers. Following a forced pivot in late 2022 after the Kanye West/Adidas Yeezy controversy collapsed the sneaker resale market and reduced revenue by approximately 80%, the company repositioned as an integrated business banking platform serving 10,000+ businesses across verticals including e-commerce (primary), agencies, contractors, healthcare, Web3/crypto, startups, online travel agencies, wholesalers, and affiliate marketers. The product suite spans FDIC-insured business checking (provided through Column N.A.), Visa Platinum corporate cards with up to 2% uncapped cashback, treasury accounts yielding up to 3.83% annualized, native stablecoin on/off ramps supporting USDC and USDT, the proprietary USDSL stablecoin, Global USD accounts for international businesses, Global Cards for cross-border spending, working capital financing through Slope and Lead Bank, invoicing, bill pay, multi-entity account management, and Twin, an AI-powered financial agent.

The platform is architected on an API-first, modular stack layered atop Column N.A. (Member FDIC) demand deposit accounts, with FDIC sweep coverage extended to $150M+ across 800+ banks through IntraFi Cash Service, and Visa DPS infrastructure powering the corporate card program. Stablecoin rails are supported by custody partners Bridge Building Inc. and Layer2 Financial, with Alchemy providing automated gas fee sponsorship on Ethereum transactions, enabling 2-minute settlement at approximately $2 per transaction versus disclosed $87,000+ in annual correspondent banking and SWIFT costs for comparable volumes; international payment coverage spans 180+ countries and 135+ currencies via SWIFT. The Twin AI agent, built on Anthropic's Model Context Protocol, performs autonomous financial workflows including payments, invoicing, and card management. The platform processes $35B+ in yearly payment volume and has issued 5M+ virtual cards, with native two-way accounting integrations to QuickBooks, Xero, Sage, and NetSuite.

Slash monetizes through tiered subscription pricing (Free at $0, Pro at $25/month, and Silver/Gold/Black enterprise tiers for $1M+, $10M+, and $100M+ businesses), interchange revenue on corporate card spend (with $2.188B in cumulative customer spend and $100M+ earned in customer cashback disclosed), transaction fees on stablecoin payments ($1B+ annualized stablecoin volume), and treasury yield margin. The company reports $300M in annualized revenue as of April 2026, growth from $10M to $250M+ within 24 months, and profitability since May 2025. Slash has raised approximately $160M in disclosed venture funding across Seed/Series A ($19M, May 2023, led by NEA), Series B ($41M at $370M valuation, May 2025, led by Goodwater Capital), and Series C ($100M at $1.4B valuation, April 2026 — establishing unicorn status, co-led by Ribbit Capital, Khosla Ventures, and Goodwater Capital). Repeat institutional investors include NEA, Menlo Ventures, and Y Combinator.

Name

Slash

Legal name

Slash Financial, Inc.

Website

https://slash.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Slash Financial provides integrated business banking combining FDIC-insured checking, corporate cards, treasury, and stablecoin-native payments to 10,000+ businesses across e-commerce, agencies, healthcare, Web3, and global verticals, leveraging its USDSL stablecoin and Twin AI financial agent.

Ownership category

akta.pro rank

Product category

Business Banking & Financial Technology

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Finance and Insurance (52), Other Activities Related to Credit Intermediation (522390)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Business banking platform
• Corporate cards
• Stablecoin payments
• Treasury management
• Expense management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Revenue: Monthly subscription fees from Free ($0) and Pro ($25/month) tiers, with additional enterprise pricing for Silver, Gold, and Black tiers based on business size
2. Interchange/Transaction Fees: Revenue from card transaction interchange fees on corporate card spend. The platform reports $35bn+ in yearly payment volume and $2.188 billion spent on corporate cards
3. Stablecoin Payment Processing: Fees from stablecoin payment processing, with the company reporting over $1 billion in annualized stablecoin payment volume and $30 billion in total annualized payment volume

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Slash provides a unified business banking platform that combines traditional financial services (business checking, corporate cards with up to 2% cashback, treasury accounts with up to 3.83% yield, expense management) with crypto-native capabilities (USDSL stablecoin, USDC/USDT on/off ramps, Global USD accounts for international businesses). The platform offers FDIC-insured banking through Column N.A. partner bank, AI-powered financial automation through the Twin AI agent, and API-first architecture enabling integration with QuickBooks, Xero, Sage, and NetSuite. Target customers include 10,000+ businesses across verticals such as e-commerce, agencies, contractors, healthcare, Web3, and startups.

Product overview

Slash is a unified business banking platform combining core banking services (business checking, corporate cards, treasury) with crypto-native capabilities (USDSL stablecoin, stablecoin payments, Global USD). The platform operates as a modular architecture with the core banking layer supported by Column N.A. (FDIC-insured), integrated with specialized products including invoicing, bill pay, working capital financing, and Global Cards for international businesses. On top of the core platform, Slash offers AI-powered automation through its Agents infrastructure, featuring the Twin AI financial agent for autonomous financial workflows. The platform targets specific verticals (e-commerce, agencies, contractors, healthcare, Web3, startups, travel agencies, wholesalers, affiliate marketers) with industry-specific features, and syncs accounting data natively with QuickBooks, Xero, Sage, and NetSuite. The platform processes $35bn+ yearly payment volume across 10,000+ businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Twin: AI-powered financial agent that automates financial workflows including payments, invoice generation, and card management for customers
• Global Cards
• USDSL
• Global USD
• Slash for Startups

Products and services

• Business Banking Comprehensive business checking and banking services with FDIC insurance through Column N.A., featuring same-day ACH, domestic wire transfers, and FedNow/RTP support. Designed for businesses of all sizes.
• Corporate Cards Corporate credit cards offering unlimited cashback (up to 2% uncapped), unlimited virtual and physical cards, and granular spend controls. Designed for business owners across verticals.
• Treasury High-yield treasury accounts offering up to 3.83% annualized yield on money market funds through Atomic Invest/Atomic Brokerage, with FDIC insurance coverage up to $150M+ via Column N.A.'s IntraFi Cash Service sweep network across 800+ banks.
• Stablecoin Payments Native cryptocurrency on/off ramps that enable businesses to convert between fiat and USDC/USDT stablecoins directly within the Slash app. Processes over $1B in annualized stablecoin payment volume with 2-minute settlement.
• Working Capital Business financing including term loans and lines of credit provided through partnership with Slope and Lead Bank. Available to Slash business customers subject to credit approval.
• Global USD USD accounts for international businesses that enable access to USD without requiring US entities or Employer Identification Numbers. Built on stablecoin rails and processes $1B in annualized stablecoin volume.
• Global Cards Visa-issued cards that enable international businesses to spend globally in USD without requiring a U.S. entity or EIN. Powered by Rain's stablecoin infrastructure.
• Invoicing Invoice generation and management with embedded payment links that support wire, ACH, and crypto payments for efficient receivables collection.
• Bill Pay Automated bill payment and vendor management capabilities integrated with the Slash banking platform for accounts payable automation.
• Twin AI Financial Agent AI-powered financial agent that automates financial workflows including payments, invoice generation, and card management. Built using Anthropic's Model Context Protocol. Positioned as a financial operating system for AI-native businesses.
• Slash for Startups Financial platform designed for early-stage companies featuring treasury management with up to 3.83% yield, up to 2% uncapped cashback on Visa Platinum cards, and native stablecoin support for USDC and USDT.
• USDSL Stablecoin Proprietary stablecoin built on the Slash platform that enables native stablecoin payments and global USD access without requiring U.S. bank accounts. Issued and redeemed via Bridge Building Inc and Layer2 Financial custody partners.

Quantifiable outcome

• $2.188 billion spent on Slash corporate cards by 10,000+ business owners
• +5 more outcomes

Named customers7 records

Segments10 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability9 records

Feature6 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• RaincoreTechnology or Integration · 30 April 2026Provides stablecoin-powered card infrastructure enabling the Global Cards product for international businesses to spend in USD without U.S. entities.
• Visa DPScoreTechnology or Integration · 24 February 2026Collaboration to power scalable, reliable card issuing platform. Implemented in November 2023, enabling faster reporting, better cardholder experiences, improved dispute resolution, richer transaction insights, and enhanced rewards programs.
• Column N.A.coreOthersPartner bank providing FDIC-insured business banking services. Issues the Slash Platinum Card and provides demand deposit accounts through the Column Sweep Program.
• Atomic Invest / Atomic BrokeragecoreOthersProvides Treasury investment management services, enabling up to 3.83% yield on money market funds. SEC-registered investment adviser with brokerage services through Atomic Brokerage LLC.
• Bridge Building InccoreOthersProvides stablecoin custody and transfer services for USDSL stablecoin. Issues and redeems USDSL tokens.
• Layer2 Financial, Inc.coreOthersAlternative stablecoin custody and transfer services provider alongside Bridge Building Inc.
• IntraFi / ICScoreOthersProvides ICS (IntraFi Cash Service) deposit sweep network enabling FDIC insurance coverage up to $150M+ through spreading deposits across 800+ network banks.
• AlchemysupportingTechnology or IntegrationProvides automated gas fee sponsorship for stablecoin transactions on Ethereum, enabling the efficient stablecoin payment infrastructure.
• SlopecoreOthersProvides working capital financing, term loans, and lines of credit for Slash business customers. Loans made by Lead Bank subject to credit approval.
• Lead BanksupportingOthersBank partner making business-purpose loans through Slope partnership. Subject to credit approval and minimum revenue/business requirements.
• QuickBookscoreTechnology or IntegrationAccounting software integration for automatic transaction syncing, expense categorization, and financial reconciliation.
• XerocoreTechnology or IntegrationAccounting software integration for automatic transaction syncing, expense categorization, and financial reconciliation.
• SagecoreTechnology or IntegrationAccounting software integration for automatic transaction syncing, expense categorization, and financial reconciliation.
• NetSuitecoreTechnology or IntegrationAccounting/ERP integration for automatic transaction syncing, expense categorization, and financial reconciliation.
• AnthropiccoreTechnology or IntegrationAI model provider powering the Twin agentic AI financial agent using Anthropic's Model Context Protocol for automated financial workflows.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Brex: Brex offers a combined business banking, corporate card, bill pay, and treasury platform targeting startups and SMBs — directly comparable to Slash's core product bundle and customer base.
• Ramp: Ramp provides corporate cards, expense management, bill pay, and treasury for businesses with a heavy automation focus — competing head-to-head with Slash for SMB banking and card spend.
• Mercury: Mercury offers business banking, treasury, and cards purpose-built for startups — a closely comparable platform serving the same primary customer segment as Slash's startup tier.
• Relay Financial: Relay provides small-business banking, multiple checking accounts, and corporate cards with strong automation — directly overlapping with Slash's SMB banking and multi-entity positioning.
• NorthOne: NorthOne offers API-driven business banking for small businesses with integrations into accounting tools — comparable to Slash's API-first, accounting-integrated banking approach.

Broad incumbents

• Stripe: Stripe is a global payments and financial infrastructure incumbent with Stripe Treasury and corporate-card adjacencies; broader scope than Slash but overlapping in embedded payments and global banking infrastructure.
• Plaid: Plaid provides fintech data and connectivity infrastructure used by many of the same SMB and consumer-finance customers Slash serves — comparable as adjacent financial infrastructure enabling banking integrations.
• Coinbase: Coinbase offers crypto-native business accounts, stablecoin on/off ramps, and USD banking for Web3 companies — comparable to Slash's stablecoin payments and Web3/crypto vertical positioning at much larger scale.

Emerging players

• Rain: Rain provides stablecoin-powered card issuing infrastructure for businesses and is also a Slash partner — a comparable emerging player in the stablecoin-rails-for-cards niche that Slash uses for Global Cards.

Others

• Bridge (Stripe): Bridge is a stablecoin issuance and API platform (acquired by Stripe) and a Slash partner for USDSL custody — comparable as adjacent infrastructure enabling Slash's stablecoin products rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/joinslashh
• YouTubeyoutube.com/@SlashFinancial
• LinkedInlinkedin.com/company/joinslash
• Instagraminstagram.com/slashfi/reels

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds5 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Slash