Breaking down barriers to global financial access, one account at a time
Today marks a pivotal moment in Slash's journey. After three years of building, pivoting, and persevering through market upheavals, we're thrilled to announce Slash Global USD in partnership with Base—the first banking platform that lets you open a USD account without an LLC, EIN, or the constant fear of arbitrary account closures.
The Journey That Led Us Here
When I dropped out of Stanford in 2021 as a Venezuelan immigrant, I had one mission: to democratize access to financial services for underserved communities. What started as a banking solution for sneaker resellers became something much bigger after we faced our first existential crisis.
You might have read about our pivot in Fortune—when Kanye West's anti-Semitic comments killed the Yeezy market overnight, our revenue dropped 80%. We had just raised $19 million, hired a team, and suddenly the bedrock of our business evaporated. But sometimes the biggest setbacks create the greatest opportunities.
That crisis forced us to think bigger. We realized the problem wasn't just with sneaker resellers—it was systemic. Entire communities of entrepreneurs, from performance marketers to crypto founders to international businesses, were being shut out of the traditional banking system.
The Problem We're Solving
Here's the reality: if you're a global entrepreneur trying to access USD banking, you've been stuck in an outdated system designed for a different era. You need an LLC, an EIN, virtual addresses, and thousands in fees—just to get started. Then, if you're successful, traditional banks flag your growth as "suspicious activity" and freeze your funds without warning.
We've processed $4 billion annually on our credit cards across 3,000 businesses, and we've seen this story play out hundreds of times. Fast-growing companies getting their accounts frozen right when they need access to capital most. International founders giving up on their American dreams because of bureaucratic barriers.
This ends today.
Introducing Slash Global USD: Banking Without Borders
1. Banking Without an LLC Gone are the days of $1,000+ in incorporation fees, virtual addresses, and months of paperwork. With Slash Global USD, you get a real U.S. account and routing number in approximately 10 minutes using just your foreign documents. No LLC required.
2. Zero Conversion Fees While PayPal charges 3-4% conversion fees, we let you receive USD and crypto (USDC) with zero fees. But we don't stop there—we actually pay you up to 4.5% cash rewards just for holding your money with us. Your money should work for you, not against you.
3. No More Wrongful Account Freezes Traditional banks love flagging success as fraud. We're built for fast-moving founders who operate at scale. We'll never wrongfully freeze your funds, and I'm putting my money where my mouth is: if we do, I'll personally wire $10,000 to a charity of your choice.
We raised $60M for this moment: Introducing Slash Global USD (in partnership w/ @base).
— Victor Cardenas Codriansky (@victorcardenas) August 5, 2025
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… pic.twitter.com/tJtsb4k28r
The Technology Behind the Revolution
This wasn't just about wanting to build a better product—it required fundamental changes to how banking infrastructure works. We've spent three years building partnerships, navigating regulatory frameworks, and creating technology that makes the impossible possible.
Our partnership with Base represents a new paradigm in global finance. We're not just moving money; we're moving it intelligently, securely, and without the barriers that have kept talented entrepreneurs locked out of the world's largest economy.
Celebrating Our $41M Series B
This launch coincides with our $41 million Series B round led by Goodwater Capital, with continued support from NEA and other incredible investors who've believed in our vision from day one. This funding—which values Slash at $370 million—isn't just about scaling our current products. It's about fundamentally reshaping how global commerce works.
Since our pivot from sneaker resellers to vertical banking for performance marketers, crypto firms, and HVAC operators, we've proven that specialized financial services can outperform one-size-fits-all solutions. Today, more than 1% of all Facebook ads are purchased with Slash-issued cards.
A Gift to the Community: Our AI Finance Agent
To celebrate this milestone, we're giving away something we've never released publicly: our internal AI Finance Agent. This tool watches your bank accounts 24/7, flags double charges, cancels forgotten subscriptions, and optimizes your financial operations. It saved us $39,000 last month alone.
The best part? You don't need a Slash account to use it. It works with any bank. Because our mission isn't just to grow Slash—it's to democratize access to the financial tools that help businesses thrive.
What's Next
Slash Global USD is just the beginning. We're expanding into e-commerce, online travel, and property management—each with their own unique financial workflows and pain points. Our goal isn't subtle: we're building toward becoming one of the largest commercial credit card issuers in the country by solving niche, vertical-specific problems that others ignore.
Every barrier we remove, every fee we eliminate, every arbitrary policy we disrupt brings us closer to a world where your postal code doesn't determine your access to financial opportunity.
Join the Revolution
The future of global finance isn't about building bigger walls—it's about tearing them down entirely. Slash Global USD represents three years of relentless work to create something that shouldn't be revolutionary but is: fair, accessible, global banking.
Ready to experience banking without borders? Welcome to Slash Global USD.
The revolution starts now.
Ready to get started? Go to Slash to open your USD account in minutes.