Slash Financial, a business banking and fintech company co-founded by two teenagers and now valued at $1.4 billion, has secured a hefty $100 million Series C funding round. The investors behind this influx include A-list backers like Ribbit Capital, Khosla Ventures, and Goodwater Capital.
Victor Cardenas and Kevin Bai, both 24, dropped out of college to launch their venture in the sneaker reseller space five years ago. When their primary client Yeezy faced a crisis due to its founder’s controversial remarks, Slash shifted focus to specific sectors before broadening its offerings.
Cardenas disclosed that today, Slash is making $300 million annually and has 5,000 corporate customers under its belt, all while operating profitably. Despite this impressive growth, competition from giants like Ramp ($32 billion valuation) and Brex (acquired by Capital One), keeps the pressure on.
As fintech continues to evolve at breakneck speed, these young entrepreneurs have secured a significant foothold in the market. Could their journey inspire the next generation of tech-driven disruptors?
