Khosla, Ribbit Back College Dropouts’ Startup Slash at $1.4 Billion Valuation

Slash Financial Inc., a financial services startup run by two 24-year-old founders, has landed a $1.4 billion valuation for its mission to take on larger players like Ramp Inc. and Brex.

Slash Financial raised $100 million in the new funding round, the company plans to announce Thursday. Ribbit Capital led the deal, with Khosla Ventures and existing investor Goodwater Capital joining as co-leads.