<\/p>\n
Slash raised $100M at a $1.4B valuation as it processes over $1B in annualized stablecoin payments for 5,000+ businesses, turning crypto into back\u2011office banking rails.<\/p>\n
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Slash Financial, a business banking platform built for online\u2011first companies, has secured $100 million in Series C funding at a roughly $1.4 billion valuation as stablecoin payments quietly become core B2B plumbing rather than a side experiment. The round was led by Ribbit Capital with participation from Khosla Ventures and Goodwater Capital, while existing backers New Enterprise Associates and Y Combinator joined for what Slash said is their fourth investment in the company.<\/p>\n
In a company blog announcing the deal, Slash CEO Victor Cardenas wrote that the team is \u201cbuilding the world\u2019s most powerful business banking platform,\u201d positioning the product as a \u201cfinancial command center\u201d that lets companies manage bank accounts, cards, payouts and crypto rails from one dashboard. Slash says it now serves \u201cmore than 5,000\u201d corporate clients ranging from startups to larger online merchants, offering features such as multi\u2011currency accounts, virtual cards, expense management and real\u2011time local payments.<\/p>\n
Stablecoins have become a centerpiece of that stack. Slash disclosed in March that businesses are already moving more than $1 billion in annualized stablecoin volume through the platform, just nine months after it switched on support for USDC and USDT, and set an ambitious goal of reaching $1 trillion in cumulative stablecoin payments before 2030. Its \u201cstablecoin payments\u201d product lets clients send and receive USDC and USDT directly from a Slash business account \u201cwith no crypto wallets, no exchange accounts, no need to hold funds in stablecoins,\u201d effectively abstracting blockchain away in favor of a familiar treasury interface.<\/p>\n
Slash\u2019s latest round underscores a broader trend in which the value created by stablecoins migrates into rails for treasury, payouts and cross\u2011border settlement rather than consumer\u2011facing DeFi. As a recent crypto.news story on stablecoin infrastructure noted, fintechs increasingly lean on stablecoins to settle transactions faster while leaving end\u2011users in traditional cash balances, using intermediaries like Transak, Circle or banking partners to bridge the gap.<\/p>\n
<\/p>\n
That logic is attracting big acquirers. In 2025, Ripple agreed to buy Toronto\u2011based stablecoin payments firm Rail for $200 million, arguing that \u201cstablecoin payments are becoming the backbone of cross\u2011border treasury and merchant settlement\u201d and promising corporate clients \u201cpay\u2011ins and pay\u2011outs across key corridors without holding crypto on balance sheet.\u201d More recently, layer\u20112 project Morph partnered with custody firm Cobo to \u201csupercharge institutional stablecoin flows\u201d via a Payment Accelerator program, again targeting treasury desks and payroll teams rather than retail traders.<\/p>\n
Slash, which originally launched as a niche vertical banking product before pivoting into broader business banking, now finds itself competing with incumbents like Ramp and Brex as well as crypto\u2011native payment stacks that embed stablecoins beneath the surface. For investors like Ribbit and Khosla, the $100 million bet is that the dull work of wiring dollars and stablecoins through corporate back offices will capture more durable economics than speculative yield farming \u2014 and that platforms quietly pushing billions of dollars in USDC and USDT volume will own the next decade of crypto\u2011powered payments infrastructure.<\/p>\n
In additionl, stablecoin payment rails includes an explainer on what infrastructure companies use to add stablecoin payments, a report on Morph\u2019s institutional stablecoin flows with Cobo, and news of Ripple\u2019s acquisition of stablecoin payment platform Rail for $200 million.<\/p>\n
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Slash raised $100M at a $1.4B valuation as it processes over $1B in annualized stablecoin payments for 5,000+ businesses, turning crypto into back\u2011office banking rails. Summary Enterprise banking platform Slash…<\/p>\n","protected":false},"author":1,"featured_media":12745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26162"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26162\/revisions"}],"predecessor-version":[{"id":26163,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26162\/revisions\/26163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12745"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}