Descriptions:
Slash CEO Victor Lazarte joins Bloomberg Technology to discuss the company’s $100 million funding round and its strategy to displace legacy banks in the B2B fintech space. Slash, which reached profitability in May of the prior year with just 68 employees, is positioning itself as an AI-native banking platform purpose-built for specific business industries — and the funding will support both domestic expansion and a global push enabled by stablecoin infrastructure.
A central theme of the interview is Slash’s lean operating model: the company claims that more than 50% of engineering hours go toward building internal automation software. Backend AI agents handle document processing during account applications, dispute resolution, and regulatory information requests — tasks that traditional banks staff with large operations teams. Lazarte frames this as a structural advantage over legacy institutions and earlier-generation fintechs alike.
The market opportunity Lazarte cites is striking: fewer than 5% of US businesses currently bank with a fintech, leaving the vast majority on legacy platforms with interfaces last meaningfully updated in the early 2000s. Slash’s differentiation rests on three pillars — product quality, rewards, and a community banking relationship model — delivered through a platform that handles invoicing, employee expense reimbursement, and spending analytics alongside core banking. Investors in the round include Ribbit Capital.
📺 Source: Bloomberg Technology · Published April 16, 2026
🏷️ Format: Interview
