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TechCrunchonX / Twitter16h ago
Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation techcrunch.com/2026/04/16/sla…
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Analysis Summary
Slash Financial, a fintech startup founded by two college dropouts now 24 years old, raised $100 million in Series C funding at a $1.4 billion valuation from Khosla Ventures, Ribbit Capital, and Goodwater Capital. The company claims $300 million in annualized revenue and serves 5,000 customers, competing against better-funded rivals like Ramp ($32 billion) and Brex (now Capital One-owned). The headline undersells the story — what's remarkable is the founders started at 19, pivoted from Kanye West's sneaker brand when it imploded, and achieved profitability before this raise.
Claims Analysis (6)
“Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation”
Confirmed by TechCrunch article, Bloomberg, and The Next Web. Series C round of $100M at $1.4B valuation is accurate.
“Founders were 19 years old when founding the company about five years ago and are now 24”
Bloomberg and TechCrunch both confirm Victor Cardenas and Kevin Bai founded the company five years ago at 19 and are now 24.
“Company is generating $300 million in annualized revenue, profitably”
TechCrunch article reports founders claim $300M annualized revenue. Profitability claim from CEO blog post is stated but not independently audited.
“Fintech-focused Ribbit Capital, Khosla and Goodwater Capital led the round”
Bloomberg confirms Khosla Ventures and Ribbit Capital led the Series C. TechCrunch article names all three lead investors.
“Company claims 5,000 companies as customers”
TechCrunch article states Cardenas claims 5,000 companies as customers. This is a company claim, not independently verified.
“Startup originally focused on sneaker resellers and pivoted after Kanye West's troubles”
Multiple sources confirm original focus on sneaker resellers, with Yeezy as main customer, and pivot after Kanye West's anti-Semitic remarks.
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