Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

Slash Financial, a spend management and corporate card platform, has raised $100M at a $1.4B valuation while generating $300M in annualized revenue profitably with 5,000 enterprise customers. The company competes directly with Ramp ($32B valuation) and recently-acquired Brex in the corporate spend management space, signaling continued disruption and competitive pressure in enterprise fintech solutions. This funding round demonstrates strong investor confidence in alternative providers for corporate banking, credit cards, and payment infrastructure, potentially offering CIOs more negotiating leverage and feature innovation in this critical spend category.