what's Slash?

Slash is a U.S.-based neobank and business banking platform designed for entrepreneurs and industries like affiliates, crypto companies, and contractors. It offers tailored financial tools including unlimited virtual cards, free wire transfers, 2% cashback on spending, and global payment capabilities to streamline operations without traditional banking limitations. A key feature is its integration of stablecoin payments, allowing users to send and receive USDC and USDT directly from business accounts without needing separate crypto wallets or exchanges. Slash launched its own stablecoin, USDSL, in collaboration with Stripe's Bridge, which is backed by U.S. Treasuries and BlackRock Money Market Funds. This enables faster cross-border settlements, reduced foreign exchange fees, and seamless fiat-to-stablecoin conversions while maintaining regulatory compliance. The platform emphasizes security and flexibility, with options to whitelist spending sites, pause cards, set country-specific rules, and manage funds in a global USD account underpinned by USDSL. By bridging traditional finance with blockchain infrastructure, Slash aims to power efficient, borderless business transactions for the digital economy.

Slash's business banking platform reached $150M ARR, a major revenue milestone.