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.
@cremieuxrecueil Is it that strange that France would only grow post-Enlightenment? Many of the Enlightenment thinkers advocated for economic and political reforms that only came about with the French revolution. Or maybe Napoleon's plunder of Europe provided the capital?
@clustersxyz I spent some ETH to bid, but got outbid. Now I don't have the cluster I bid for (expected), but I also don't have my ETH (unexpected). Will the ETH be usable as credit for future bids or do you guys really just keep the money from all unsuccessful bids?
@DrCameronMurray Citizens also do not invest in real estate (they don't really invest in anything). Demographics also play a role. Urban centers like Tokyo or Osaka have decreasing population unlike Sydney which grows by over 1% every year.
@DrCameronMurray The relative lack of speculative activity around real estate is imo a more important factor. Houses tend to be depreciating assets, land prices are relatively flat (sprawl?). And (without data), i'd say builder activity is much higher and competitive than Australia.