Slope is thrilled to announce the successful completion of its latest funding round, raising $65 million in capital through equity and debt. This round was led by J.P. Morgan and Notable Capital, bringing Slope's total funding to $252 million, with $77 million in equity and $175 million in debt. James Fraser, Global Head of Trade & Working Capital at J.P. Morgan Payments, will join as a board observer. Y Combinator, Jack Altman, and Max Altman’s new fund, Saga, also participated in this round.

The Slope team, headquartered in San Francisco, remains lean with a disciplined approach to headcount, currently at 24 employees. Despite recently raising capital in September 2023, Slope saw strategic value in partnering with J.P. Morgan, both as a referral partner and investor. This partnership aims to enhance Slope’s go-to-market progress, providing unique solutions to some of the world’s largest enterprises, which will be disclosed publicly soon.

Slope emphasizes delivering a consumer-grade experience to its customers, ensuring high and increasing utilization rates of its product. Founded during the 2021 bubble, Slope has maintained discipline and lean operations, prioritizing credit performance, compliance, and risk management. The company recently appointed seasoned legal and compliance executive Euna Kim as General Counsel.

With a target market representing a $125 trillion opportunity, Slope aims to build a long-lasting business. The company combines best-in-class technology with strategic partnerships, exemplified by its deep relationship with J.P. Morgan, which provides expertise in risk and compliance, a debt facility, and a GTM partnership.

Slope’s products, built from the ground up with customer needs in mind, leverage generative AI to disrupt manual workflows and power solutions in B2B checkout, customer and vendor risk assessment, payment reconciliation, and cash management. Based in Silicon Valley and backed by top technologists, Slope is poised for significant growth.

Sam Altman, CEO of OpenAI and former CEO of Y Combinator, said, "I really believe in investing in slope, not Y-intercept. Slope embodies this concept; they move fast, execute well, and play the long game. They are well on their way to building a category-defining business, and I’m delighted to be along for the ride."

Slope extends gratitude to its partners, investors, and network for their support and looks forward to a promising future.