Stablecoin payment platform Slash has secured $100 million in funding, reaching a $1.4 billion valuation. The Series C round was co-led by Ribbit Capital, Goodwater Capital, and Khosla Ventures, with support from NEA and YC. The funds will be used for product development, with a focus on automating financial back-end operations by year-end. The announcement comes amid increased activity in the crypto space, as investors continue to back infrastructure growth.

Stablecoin payments and financial management platform Slash has raised $100 million in a Series C round at a $1.4 billion valuation, led by Ribbit Capital, with co-leaders Goodwater Capital and Khosla Ventures, and participation from NEA and YC. The funds will be used to accelerate product development, with the goal of achieving automated financial back-office operations by the end of the year.