The fintech that pivoted because of Kanye West just hit a $1.4B valuation with $100M from Khosla and Ribbit

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April 16, 2026, 2:15 PM

• •Slash's valuation nearly quadrupled since its May 2025 Series B.
• •The company pivoted from banking for sneaker resellers to vertical banking for online businesses.
• •Slash's product suite includes corporate cards, business banking, stablecoin payments, and more.
• •Khosla Ventures and Ribbit Capital are backing Slash's vertical model.

Slash, a vertical banking platform, secured a $100 million Series C round led by Khosla Ventures and Ribbit Capital, valuing the company at $1.4 billion. Founded by college dropouts Victor Cardenas and Kevin Bai, Slash initially focused on banking for sneaker resellers, but pivoted after the Yeezy market collapsed. The company now provides tailored financial products for various sectors, including e-commerce and web3, with a product suite that has expanded significantly since its early days. This investment reflects confidence in Slash's vertical banking model, which aims to become a major commercial credit card issuer.

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