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Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

Slash Financial, founded by teenagers, hits $1.4B valuation while already profitable at $300M ARR — competing directly with Ramp without sacrificing unit economics.

Thursday, April 16, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

Slash Financial, a business banking and corporate credit card platform founded by teenagers Victor Cardenas and Kevin Bai, has raised $100 million in Series C funding at a $1.4 billion valuation. The round was led by Ribbit Capital, Khosla Ventures, and Goodwater Capital, with returns from Y Combinator and NEA. The company claims $300 million in annualized revenue, profitability, and 5,000 customers.

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