Slash
Founded by literal teenagers in 2020, Slash hit unicorn by banking the businesses everyone else rejects — crypto firms, performance marketers, e-commerce — and grew revenue from $10M to $250M+ annualized in 24 months.
SMB banking; crypto-native verticals.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner bank (Column N.A., Member FDIC); previously Piermont Bank.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Slash’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid · SMB & startups |
| AI | banking for AI agents |
| HQ | San Francisco, US |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner bank (Column N.A., Member FDIC); previously Piermont Bank |
| Card | Visa · Business |
| Cashback | Cashback |
| Yield | Yield |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America |
| Founders | Victor Cardenas |
| Funding | $160M raised; $100M Series C at $1.4B (Apr 2026, led by Ribbit) |
Verified links: official site ↗
Common questions about Slash
What is Slash?
Slash is a fiat-and-crypto neobank built for SMB & startups, headquartered in San Francisco, US and founded in 2021. Your money is held custodially, so Slash or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner bank (Column N.A., Member FDIC); previously Piermont Bank).
Does Slash have a card, and where can you use it?
It issues a Visa business card. It is available in North America.
Does Slash require KYC?
Yes. Slash requires identity verification (KYC) to open an account, as a partner-bank model.
What does Slash cost?
From the verified fields: cashback Cashback; yield Yield. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Slash before relying on them.
Early investors
Head-to-head
Slash vs Meow · Slash vs Flex · Slash vs Dolafy
Peers
Revolut · Cash App · Mogo · Venmo · Robinhood · Crypto.com
Slash appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in North America (126) · Neobanks for small businesses and startups (33) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.