"Slash's valuation has nearly quadrupled since its May 2025 Series B, reflecting a remarkable recovery after the company's core market evaporated overnight due to external events."
"The founders, Victor Cardenas and Kevin Bai, transitioned from serving sneaker resellers to offering vertical banking solutions tailored for specific sectors, starting with performance marketing firms."
Slash, a vertical banking platform founded by college dropouts Victor Cardenas and Kevin Bai, raised $100 million in Series C funding, achieving a valuation of $1.4 billion. This marks a significant increase from its previous valuation of $370 million during Series B. The company initially focused on banking services for sneaker resellers but faced an 80% revenue drop after the Yeezy market collapsed. Instead of shutting down, Slash pivoted to provide tailored financial products for online businesses, starting with performance marketing firms.
Read at TNW | Fintech-Ecommerce
Unable to calculate read time
Collection
[
|
...
]