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Slash Raises $100 Million Series C at Roughly $1.4 Billion Valuation

According to Slash, the company processes more than $1 billion in annualized stablecoin payments for over 5,000 businesses as it expands crypto-based back-office banking services.

Summary

Slash announced in an official statement that it raised $100 million at a $1.4 billion valuation. The company said it now processes more than $1 billion in annualized stablecoin payments for more than 5,000 businesses, positioning crypto as back-office banking infrastructure. The funding update adds operational scale to the previously disclosed Series C round and underscores Slash’s focus on business banking services and stablecoin payments.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, commonly by being pegged to a fiat currency such as the U.S. dollar.
  • Stablecoin payments: Payments conducted using stablecoins, typically aimed at enabling faster transfers and lower volatility than many other crypto assets.
  • Series C: A later-stage private fundraising round generally used to scale a company’s products, operations, and market reach.