This April was one of the most impactful months Slash has ever had. Between updates to our platform, the debut of a new and improved mobile app, and a massive funding stage, the last month has been one for the books.¹ Let’s take a look at everything that we launched:
Twin, Your AI Banking Assistant
In the context of finance, most modern AI tools are limited to individual use cases. For example, an AI may be able to detect fraudulent company card transactions, but it usually can’t handle card management on its own. That changes with Twin.
Twin is an agentic AI assistant that’s built right into the Slash platform. Users can speak to Twin in plain English via Slack or text and prompt it to do complex functions that were never possible before. Without the need for human intervention, Twin can:
- Analyze your financial data
- Move money and track transfers
- Manage cards and spending end-to-end
- Answer questions about your accounts and cash flow
- Address technical issues
- Make online purchases and orders on your behalf
- Collect receipts and generate expense reports
This is possible because Twin has a direct connection to your cards, your accounts, your transactions, and your team. However, this doesn’t come at the cost of security. Any actions that move money or change account settings go through the same approval workflows your team already has configured in Slash. Twin also abides by Slash's existing role-based access control; if you're an employee with card-only access, Twin only shows you card data. If you're an owner with full access, Twin can surface everything.
Twin connects to your company’s Slack in just a few steps. Ask a question or give it a task, and it takes care of the rest. When you find out all the things Twin can do for your business’s finances, you’ll wonder how you ever lived without it.
The New Slash Mobile App
At Slash, improving our current products is just as important as rolling out new products. That’s why we completely rebuilt the Slash mobile app from the ground up.
Our new mobile app has a smoother, more user-friendly interface and an expanded library of tools for busy finance managers that spend a lot of time on the go. It’s now easier than ever to view balances, move money, manage cards, and stay in control of your finances from your phone.
Each screen has been updated with speed and clarity in mind. Navigation is easier, the animations are smoother, and you can pull from the top to refresh your page and get in-the-moment updates. We also overhauled the search feature and improved our push notifications, giving users deeper transparency into what’s going on within their accounts.
Additionally, Global USD is now fully accessible from the mobile app.³ You can check your balance, send payments (via wire, ACH, or on the blockchain), receive funds from platforms like Stripe and Shopify, and manage your account from wherever you are.⁴ This gives our international users a much deeper level of mobile access.
The new Slash Mobile App is now available on the App Store. If you're already a Slash user, simply update to the latest version. If you're new, download the app and sign up at slash.com.
Series C
This is the big one. In April, we announced a $100 million Series C at a $1.4 billion valuation, bringing our total funding to $160 million. We brought on Ribbit Capital as our lead investor in the round, along with Khosla Ventures and Goodwater Capital co-leading. Goodwater, who led our Series B just 16 months ago, is doubling down. NEA and YC are investing in Slash for a fourth time.
Slash raises $100M Series C at a $1.4B valuation
These investors committed to us after seeing both the rapid growth we’ve had over the last 12 months and the vision we have for the next 12 months. Slash has rolled out more than 100 new features in the past year, including expense management tools, automated invoicing, and an agentic AI assistant. By the end of 2026, we hope to run your financial back office for you. AI is only going to let us get faster, and we’re shipping features at a higher rate than ever.
As Ribbit Capital founder Micky Malka put it, “They’re building the bank of the future, where agents handle the processes that used to require entire departments. We couldn’t be more excited to partner with them.”
This is all possible thanks to the incredible amount of time and quality of work the entire team at Slash has contributed over the course of the last 5 years. If you’re a current Slash user and you’re reading this, you also lent a hand in your own way. We’re incredibly grateful for this funding round, and we aim to deliver even more than we’ve promised in the near future.
What’s Next
As huge as April was at Slash, even bigger things are ahead. Between new products and quality-of-life improvements, our team is always working to make Slash a more powerful financial platform. Keep an eye on our website and socials to see what we debut in May.
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