Slash Raises $41M to Reinvent Vertical Banking for Crypto, Ads, and More
Two Gen Z college dropouts just pulled off one of fintech’s boldest pivots — and it’s paying off in millions. Victor Cardenas and Kevin Bai, cofounders of the neo-bank Slash,
Two Gen Z college dropouts just pulled off one of fintech’s boldest pivots — and it’s paying off in millions. Victor Cardenas and Kevin Bai, cofounders of the neo-bank Slash,
Priced at $1.35 per share, the PIPE represents a 121 percent premium over Asset Entities’ (ASST) previous closing price. The deal structure includes no debt, allowing Strive to preserve future borrowing capacity and maximize equity-driven returns.
Tritemius acts as the promoter and advisor to the fund, positioning itself as a key player in identifying high-potential web3 startups at the pre-Seed to pre-Series A stages. Average investment per company is expected to be around €500,000, with additional capital reserved for follow-on rounds.
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
According to Arch Labs, the new virtual machine will handle off-chain computations to enable Turing-complete smart contracts directly on Bitcoin’s base layer. This would eliminate the need for external scaling solutions and offer Solana-like transaction speeds while maintaining Bitcoin’s security infrastructure.