US-based business banking platform, Slash Financial, recently completed a Series C funding round that garnered $100 million in investment. This round was spearheaded by Ribbit Capital with support from Khosla Ventures and Goodwater Capital.

Valued at $1.4 billion, this fund places the company among the unicorn category, bringing its total capital raised to over $160 million. Participation in the funding round included contributions from New Enterprise Associates and Y Combinator, with both entities investing for the fourth time.

Founded in 2021, Slash achieved an annualized revenue of $250 million by 2025, a significant jump from its initial figure of $10 million. The platform handles over $30 billion in annualized payment volume and supports more than 5,000 businesses. Additionally, it surpassed the $1 billion mark in stablecoin payment volumes within nine months of introducing this product.

Introducing Twin, AI-Powered Financial Agent

To accompany the funding announcement, Slash introduced Twin, an AI-powered financial assistant designed as a financial Chief of Staff for businesses. This agent leverages access to the company’s entire Slash account to present insights on recurring financial tasks and can perform actions like card and bank payments, invoice creation, and virtual account setup. All activities are conducted through a secure layer that safeguards sensitive information.

The launch of Twin underscores Slash’s broader strategy aimed at supporting businesses with lean teams and high payment volumes, particularly those running AI operations where automated financial workflows can minimize the need for human intervention.

In his remarks on this milestone, Victor Cardenas, CEO and co-founder of Slash, emphasized that the Series C funding will accelerate the development of new industries, markets, and financial tools.