Just remember - when a banking platform is offering unbelievably high rewards / onboarding promos, it’s not sustainable and will likely cause you financial harm.
There’s a number of neobanks out there who are following the exact same playbook Parker did.
Please be diligent.
We (@slashapp) raised a $100M Series C at $1.4 billion valuation to build the world's most powerful business banking platform.¹
The round was led by @RibbitCapital, and co-led by @khoslaventures & @GoodwaterCap.
And we're releasing Twin: the world’s first AI private banker.
Slash, @slashapp, just crossed $150M in annualized revenue profitably.
We went from $2M -> $150M in 24 months making us the fastest-growing business banking* platform of all time.
700 word post on 4 guiding principles that got us here.
This cost us >$10M dollars to learn...
(Bookmark this)
I'll cover:
• Picking the right market (where 99% of founders go wrong)
• Why revenue is the ONLY business metric that matters
• Why market saturation is fake
• What every founder does day to day that they shouldn't
1. Attack “small” markets:
Startup founders - myself included - gravitate towards working on companies that have huge upside. Here's the problem: it’s difficult to find aggressive product-market fit / build a differentiated product if you don’t sell ONE offer to ONE person.
I'll repeat: one offer, to one person
Examples:
• PayPal didn't start by trying to own 70% of online payments they started with payment processing just for eBay merchants.
• Uber started as black cars for rich SF people.
Ask yourself, what am I selling and to who?
If you're selling more than one thing to more than one person, in the beginning, you're not niche enough.
Slash started by building a better credit card for SNEAKER RESELLERS.
Ridiculously niche. And that tiny wedge alone got us to $5M ARR in 11 months.
Once you dominate the niche, you earn the right (and the cash) to expand outward.
We STILL go after “small” verticals because our competitors are too arrogant to do it. We walk in and own them.
2. Revenue is the only metric that matters. Everything else is cope.
If your revenue isn't growing, nothing else matters.
Revenue gives you two things:
A) Money to redeploy. (Obvious.)
B) Momentum.
A team that’s winning wants to work harder.
A team that’s losing checks out.
To become a unicorn, you have to outwork everyone else.
To outwork everyone else, you need morale.
To get morale, you need wins.
To get wins, you need revenue.
Everything ladders back to one thing: Sell more, sooner.
Drive sales and demand → everything else falls into place.
3. “Market saturation” is fake.
When starting Slash, everyone told us we'd never be successful because Ramp, Brex, and Mercury were already worth > $10bn.
The reality is that fintech is only 5% penetrated. 95% of business deposits and corporate card spend still runs through the legacy banks.
Many markets are similar to B2B fintech. They can “feel” settled because there is a sexy startup that everyone’s heard about, but dinosaurs have all the rev share.
There's always a way to find your wedge.
4. 99% of founders do the wrong thing at the wrong time
When you start your role as the founder is to do EVERYTHING. And you should outsource nothing.
Example: If you run an ecom business you should write film and edit EVERY single script.
If you're a CTO you should write every line of code.
Biggest 🚩in an early stage founder is someone who says they need to "outsource to an expert".
No. You ARE the expert or you become one. Founders who outsource early are lazy.
When you grow this needs to change rapidly. >10M ARR you need to SHIFT fast.
Your role as the founder should be to bring in people competent enough to deliver on all of your initiatives.
There is simply too much to do and it won’t be possible for you to brute force your way out of every problem.
We're winning because 65% of our team is on the spectrum.
We have savant engineers who this year alone have, shipped treasury, Stablecoin Payments, check deposits, SWIFT, Global USD, accounting automations, a completely new interface, and more.
We have a world-class GTM and ops team. Because of it, we blow our competitors out of the water when it comes to revenue / employee, payment volume / employee, and other efficiency metrics.
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If you have read this far, thank you.
I got told countless times Slash would never be anything.
We want Slash to be the first trillion dollar fintech company in the world.
At our current growth rate we'll hit 1 billion dollars in revenue run rate in 18 months and 100 billion in 7 years.
We’re giving it our all to accelerate our growth rate and hit these metrics even faster.
🚨 Slash & @AppLovin are giving away $500,000 🚨
100 founders. $5K in matched ad credits each
Spend $5K on @AxonAdsManager → Get $5K free
Plus earn 3% cashback with an exclusive code
Fill out our form below to get access
We raised $60M for this moment: Introducing Slash Global USD (in partnership w/ @base).
It's the first banking platform that lets you open a USD account without an LLC, EIN, or the rampant account closures they call "account safety".
It took major legislative changes AND 3 years to pull this off.
Here's what makes it so different:
1. Banking without an LLC. Before Slash: You needed a LLC, $1K in fees, a virtual address, and a U.S. tax ID. With Slash you get a real U.S. account & routing number in ~10 minutes with your foreign documents.
2. No more hefty fees. PayPal charges a 3-4% conversion fee. We let you receive USD and crypto (USDC) with NO fees. Not enough? We pay you up to 4.5% cash rewards just for holding your money with us.
3. Account freezes. The big guys love flagging success as “fraud”. We're built for fast moving founders. We'll never wrongfully freeze your funds. I'm putting my money where my mouth is: If we do, I'll wire $10K to a charity of your choice.
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In 2021, I dropped out of the number 1 school in America as a Venezuelan immigrant to build Slash. I pivoted the business 2x before getting our first customer.
Today:
- 3,000 businesses use @slashapp
- We bought the domain Slash . com for $1M
- $4B is spent on our credit cards every year
And we just raised $41M from the people who built fintech: @MenloVentures@NEA@ycombinator@goodwatercap
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To celebrate this launch, we're giving away our internal AI finance Agent free.
It watches your bank accounts 24/7. Flags double charges. Cancels forgotten subscriptions.
It saved us $39,000 last month.
You don’t need a Slash account. It works with any bank.
Retweet + comment “Slash” and I’ll send you a free access link.
Excited to announce that @0xPolygon on & off-ramps are now live on @slashapp
Now, with the Slash business banking platform you can:
✅ Pay contractors and vendors in USDC
✅ Accept USDC from your customers
✅ Enjoy automatic USD <> USDC conversion. No exchange account required!
At 13, @nickbruhman started hustling on Roblox to afford his first keyboard.
6 years later, he scaled one of the largest collectible groups in the world, making over $200k/mo in the process.
Now, he’s helping us build the future of banking at Slash.
This is a day in his life:
The value of a US dollar has dropped 9% YTD.
We're building a feature at @slashapp which will allow you to maximize the value of the dollar with a competitive interest rate AND spend it immediately as needed with our competitive cashback.
Effectively adding FREE profit margin.
Weekly Ship @ Slash: Upgraded Send Money Flow.
✅ A new full-screen send flow
✅ Transfer via ACH, Wire, FedNow, Intl Wire, or Crypto
✅ Built-in recipient transaction history
✅ Store multiple transfer methods under one recipient
✅ Auto email confirmations.
Now Live.
We just raised $41M at a $370M valuation to kill the one-size-fits-all business bank.
Slash is rebuilding banking, one industry at a time — tailor-made for affiliates, crypto companies, contractors, and more.
We’re just getting started.
At 13, @jasondev0 built Wrath, a sneaker bot that made him millions.
Now, he’s helping us build the future of banking at Slash.
This is what a day in his life looks like.
SLASH MONTHLY RELEASE – MAY 2025
We've been cooking and we're back. What's new this month:
- USDC/T Transfers
- ACH Authorization Rules
- New Contacts Page
- New Send Money Flow
Stay tuned! Lots coming 🫡
Hello everyone! 👋
We are excited to announce that @pokeMRKT has merged with @WeAreMalice and users now have access to the BEST card information, including Pokémon, Sports Cards, Metazoo, Flesh & Blood, and a LOT more, at no extra cost!
Nobody does it like Malice. 🚀
Over a three-day period, Malice called 4 NFTs that instantly doubled in price on the secondary market. Malice members that went for all of these drops realized thousands in profits before the week even ended.
If you’re looking for an NFT group, look no further than Malice.