Key Takeaways
- • Kashable secured $60 million in Series C funding led by Goldman Sachs Alternatives (Sustainable Investing division), which committed up to $50 million including an initial $25 million investment and a conditional $25 million tranche.
- • Existing investors Revolution Ventures and EJF Ventures contributed the remaining $10 million, both having participated in the company's $25.6 million Series B round in January 2024.
- • The New York-based fintech has facilitated over $1.5 billion in loans to American workers across partnerships with hundreds of employers representing four million employees, offering low-cost loans ranging from $250 to $30,000.
- • Kashable will deploy capital to expand employer partnerships, deepen integration with HR and benefits teams, and enhance its data-driven platform for employee financial wellness.
- • The funding follows a $250 million credit facility secured from Nomura Corporate Funding Americas in June 2025, demonstrating strong institutional confidence in the employee lending model.
Summary
Kashable, a New York-based fintech founded in 2013 by Einat Steklov and Rishi Kumar, has closed a $60 million Series C funding round led by Goldman Sachs Alternatives' Sustainable Investing division. Goldman Sachs committed up to $50 million to the round, structured as an initial $25 million investment with an additional $25 million conditional tranche to be deployed in the coming months. Existing investors Revolution Ventures and EJF Ventures, both participants in the company's January 2024 Series B round of $25.6 million, contributed the remaining $10 million.
The funding underscores institutional investor appetite for the employee financial wellness sector. Kashable's platform operates as a voluntary employer benefit, providing employees with low-cost personal loans ranging from $250 to $30,000 and complementary credit monitoring services. The company positions these offerings as alternatives to higher-cost borrowing options including retirement plan distributions, high-interest credit cards, and other expensive short-term financing vehicles. To date, Kashable has facilitated over $1.5 billion in cumulative lending to American workers through relationships with hundreds of employers representing more than four million covered employees.
The company plans to allocate Series C proceeds toward three strategic priorities: expanding its employer footprint and client base, deepening integrations with HR, benefits, and finance teams at existing clients, and enhancing its data-driven platform capabilities to deliver improved value propositions to both employers and participating employees. This growth-stage capital infusion follows Kashable's June 2025 acquisition of a $250 million credit facility led by Nomura Corporate Funding Americas, a development that materially expanded the company's lending capacity. Goldman Sachs' participation in the Series C signals confidence from a major institutional alternative investment manager in the durability and scalability of the employee lending model.
The funding underscores institutional investor appetite for the employee financial wellness sector. Kashable's platform operates as a voluntary employer benefit, providing employees with low-cost personal loans ranging from $250 to $30,000 and complementary credit monitoring services. The company positions these offerings as alternatives to higher-cost borrowing options including retirement plan distributions, high-interest credit cards, and other expensive short-term financing vehicles. To date, Kashable has facilitated over $1.5 billion in cumulative lending to American workers through relationships with hundreds of employers representing more than four million covered employees.
The company plans to allocate Series C proceeds toward three strategic priorities: expanding its employer footprint and client base, deepening integrations with HR, benefits, and finance teams at existing clients, and enhancing its data-driven platform capabilities to deliver improved value propositions to both employers and participating employees. This growth-stage capital infusion follows Kashable's June 2025 acquisition of a $250 million credit facility led by Nomura Corporate Funding Americas, a development that materially expanded the company's lending capacity. Goldman Sachs' participation in the Series C signals confidence from a major institutional alternative investment manager in the durability and scalability of the employee lending model.
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