Digital banking platform Slash has raised $100 million in Series C funding, led by Ribbit Capital.

CoinFeed reported on April 17th that Slash, a digital banking platform for enterprises, announced the completion of a $100 million Series C funding round, valuing the company at approximately $1.4 billion post-money and bringing its total funding to $160 million. The new round was led by Ribbit Capital, with Goodwater Capital and Khosla Ventures co-leading the round, and continued participation from NEA and YC. Slash stated that it serves over 5,000 enterprise clients, providing features such as enterprise accounts, virtual accounts, stablecoin payments, expense management, automated accounting, and real-time payments. The company stated that it will use the new funding to accelerate product iteration and advance its strategy of making the bank account the command center for enterprise finances.