PANews reported on May 20 that vertical banking startup Slash announced the completion of a $41 million Series B financing, with a post-investment valuation of $370 million, according to Fortune magazine. This round was led by Goodwater Capital (whose investment amount was $37 million). This financing comes two years after the company's Series A and Seed rounds, when Slash raised $19 million. The new funds will be used to expand into new areas such as e-commerce, online travel and property management.

The company's two post-95 co-founders, Victor Cardenas and Kevin Bai, are both college dropouts. Slash initially focused on providing banking services to sneaker resellers. In 2023, the value of the Yeezy series plummeted due to Kanye West's anti-Semitic remarks, and the company's revenue shrank by 80% overnight. In the following 18 months, the company transformed into providing customized financial services to vertical fields such as performance marketing agencies, crypto companies and HVAC operators, and its monthly transaction volume has now reached US$300 million. Slash cooperates with licensed bank Column to provide crypto companies with special services such as fiat currency and cryptocurrency exchange.