By: 11 May 2023

Slash is built for the “hustle economy”

US fintech Slash raises $19m

Slash, a US fintech built for entrepreneurs, has raised $19m in its seed and series A funding rounds.  

The rounds were led by NEA, with participation from Y Combinator, Menlo Ventures, and other angels and funds. 

College dropouts Victor Cardenas and Kevin Bai built Slash to “empower” existing entrepreneurs to run more profitable businesses, and to “embolden” more people to be self-employed. 

The funding will be used to build on its current offerings, a personal and business account, that can be managed from a single platform, and an account for under 18s, which can be opened with the consent of a parent or legal guardian. 

In the future, Slash wants to add accounting, incorporation, tax filing and invoicing features to its platform. 

On the philosophy behind Slash, Cardenas said: “I like to think that most people, if given the opportunity and the right conditions, will choose to work for themselves. 

“They like working on things that make them passionate, they like working where and when they want and on their own time, and they like feeling like they have unbounded earning potential. 

“My co-founder Kevin and I have spent the past two years, and want to spend the rest of our lives, working to enable as many people as possible to chart their own path.”  

Image: Slash

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.