Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

The first StrictlyVC of 2026 hits San Francisco. Tickets are going fast. Register now. Save up to $680 on your Disrupt 2026 pass. Ends 11:59 p.m. PT tonight. REGISTER NOW. TechCrunch Desktop Logo TechCrunch Mobile Logo LatestStartupsVentureAppleSecurityAIApps EventsPodcastsNewsletters SearchSubmit Site Search Toggle Mega Menu Toggle Topics Latest Slash Financial, which offers business banking accounts, corporate credit cards, transfers and crypto, has raised a $100 million Series C round at a $1.4 billion valuation from a crowd of A-list investors, the company announced. Fintech-focused Ribbit Capital, Khosla and Goodwater Capital led the round. Returning investors NEA and Y Combinator also invested. Slash was founded about five years ago by CEO Victor Cardenas and CTO Kevin Bai, both who were 19 years old at the time, and are now 24, Bloomberg reports. They dropped out of college to build a fintech company focused on sneaker resellers. When the startup’s main customer, Yeezy, hit trouble after its founder Kanye West spewed anti-Semetic remarks, they pivoted to focus on a few verticals. Now, the startup has become generalist, not targeting any one industry, Cardenas recounted in his blog post about the raise. He said the company is generating $300 million in annualized revenue, profitably, and claims 5,000 companies as customers. Even with such growth numbers, Slash has plenty of competition, including $32 billion valuation Ramp and Brex, which was recently acquired by Capital One. StrictlyVC kicks off the year in SF. Get in the room for unfiltered fireside chats with industry leaders, insider VC insights, and high-value connections that actually move the needle. Tickets are limited. Newsletters See More Subscribe for the industry’s biggest tech news Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility is your destination for transportation news and insight. Startups are the core of TechCrunch, so get our best coverage delivered weekly. Provides movers and shakers with the info they need to start their day. By submitting your email, you agree to our Terms and Privacy Notice. Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation Julie Bort 50 seconds ago Startups From the Startup Battlefield stage to the International Space Station: geCKo Materials built a sticky product Maggie Nye Isabelle Johannessen 2 hours ago 30 min Startups From the Startup Battlefield stage to the International Space Station: geCKo Materials built a sticky product Maggie Nye Isabelle Johannessen 2 hours ago X LinkedIn Facebook Instagram youTube Mastodon Threads Bluesky TechCrunchStaffContact UsAdvertiseCrunchboard JobsSite Map Terms of ServicePrivacy PolicyRSS Terms of UseCode of Conduct OpenAIIranGas PricesTeslaAppleTech LayoffsChatGPT © 2026 TechCrunch Media LLC.