Gate News message, April 17 — Slash, a US-based business finance startup, closed a $100 million Series C round at a $1.4 billion valuation. The round was led by Ribbit Capital, with Khosla Ventures and Goodwater Capital co-leading. Existing investors NEA and Y Combinator also participated, bringing Slash’s total funding to $160 million.
Slash serves over 5,000 companies and has added more than 100 features in the past 12 months, including expense management, invoicing, accounting automation, and Global USD for non-US businesses. The company reported $150 million in annualized revenue and maintained profitability.
Global USD enables businesses in over 100 countries to access U.S. accounts and conduct stablecoin transfers using USD Coin (USDC) or Tether (USDT). According to Bridge, a payments infrastructure company, Slash processes over $1 billion in annualized stablecoin payment volume.
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