Victor Cárdenas | The Founder Who Left Stanford and Built a $370M Neobank

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Cover of «Victor Cárdenas | The Founder Who Left Stanford and Built a $370M Neobank»

The audio and video are in Spanish. These notes are a translation.

Today I spoke with Víctor Cárdenas, CEO and cofounder of **Slash**, a digital banking platform for entrepreneurs in the United States, backed by Y Combinator and Menlo Ventures. Slash processes more than one billion dollars a year, has revenue of +100M, and works with brands such as Visa and Mastercard. In this conversation, we talked about how they left Stanford, scaled the business, faced a 60% drop in revenue because of Kanye West, and how they reinvented themselves by focusing on vertical niches. We also covered artificial intelligence, crypto, and the future of work.

0:00 - Slash, Kanye West, and a 60% Drop

One morning, Víctor wakes up and discovers that 80% of his revenue had fallen because of antisemitic comments by Kanye West that affected his customers.

  • What relationship did Slash have with the sneaker resale market?
  • How did the fall of the Yeezy brand affect them?
  • What difficult decisions did the team have to make in the face of that crisis?

7:02 - Reinventing Slash: From Sneakers to Multiple Industries

Slash took advantage of its infrastructure to pivot. Its customers started asking for new features for more traditional businesses.

  • How did the product evolve to serve Amazon sellers and agencies?
  • What new features did they develop?
  • How did they manage to retain customers and grow again?

13:55 - Vertical Fintech: Competing with Giants from the Niches

Slash does not compete directly with Mercury or Ramp. Instead, it creates financial products with software adapted to specific industries.

  • Why is “one size fits all” banking dead?
  • How does Slash differentiate itself by integrating operational software?
  • How do they scale these niches inside a fintech?

17:45 - Go-to-Market Through Community: Selling Before Building

The team sells basic products in new markets before investing in specific features.

  • What is the role of the sales specialist in validation?
  • How do they use communities as an acquisition channel?

20:45 - Opportunities in Fintech and the Post-Chime Future

The era of digitizing banking services is already over. What comes next is the combination of finance + specialized software.

  • What examples of new fintechs are doing interesting things?
  • What new financial rails are emerging?

24:50 - The Stablecoin Boom and the Dollarization of the World

Víctor believes the digital dollar is the next great platform. Slash launched global accounts to receive payments in stablecoins.

  • Why did they bet so early on crypto?
  • What real use cases are they seeing with USDC and USDT?
  • How are they helping businesses outside the United States to dollarize?

31:10 - The Convergence of AI, Crypto, and Agents

Slash automates accounting and financial processes so that entrepreneurs can focus on growing.

  • What processes are already being automated with AI?
  • What role can AI agents play in the financial future?

35:30 - The New Entrepreneur: Young, Global, and Alone

The future of work is increasingly independent. Slash is designed to support this new kind of founder.

  • Why is AI going to create more millionaires than the internet?
  • How does the profile of the entrepreneur change in the AI-first era?

39:25 - Lessons from a 23-Year-Old CEO

Víctor went from being a student to leading a startup with a valuation of +$400M.

  • What mistakes did he make when hiring people in the early stages?
  • Why do credentials matter less than execution?
  • What has changed the most in him since he started Slash?

49:00 - Silicon Valley as a Competitive Advantage

Living in San Francisco exposed him to founders, investors, and global ambition.

  • Why does he recommend moving to Silicon Valley or New York?
  • How do you build global products from Latin America?

Episode Mentions

You can find Víctor on LinkedIn Discover More of the Startupeable Podcast

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