Kashable Lands $60M Series C From Goldman Sachs

Kashable, a fintech firm focused on providing employees with accessible credit and financial wellness tools through their employers, has successfully closed a $60 million Series C funding round. The investment was spearheaded by Goldman Sachs Alternatives’ Sustainable Investing division, which committed up to $50 million. This significant capital infusion underscores the growing investor confidence in employer-sponsored financial solutions designed to offer fair credit alternatives.

The funding includes an initial $25 million from Goldman Sachs, with an additional $25 million slated for future deployment under specific conditions. This round also saw participation from existing investors Revolution and EJF Ventures. Since its founding in 2013, Kashable has amassed over $450 million in combined equity and debt financing. The company reported a substantial valuation increase, tripling since its January 2024 Series B raise, though specific valuation figures were not disclosed.

Kashable's core proposition centers on leveraging employer payroll systems to facilitate lower-cost personal loans. By integrating with HR and payroll, the company aims to reduce default rates, enabling it to offer more favorable interest rates compared to traditional lenders. This model positions Kashable as a compelling alternative to high-cost credit cards and predatory payday loans, addressing a critical need for affordable liquidity among the workforce. Beyond loans, the platform offers a suite of financial wellness services, including credit monitoring and financial coaching, as a voluntary employee benefit.

The company has demonstrated robust growth, with co-CEO and co-founder Rishi Kumar reporting over 40% year-over-year expansion in 2026. Kashable's revenue streams are derived from loan interest and fees, as well as administrative fees from employers for customized program offerings. To date, Kashable has facilitated nearly $2 billion in loans and anticipates originating over $500 million in loan volume within 2026 alone. Co-founder and co-CEO Einat Steklov confirmed that the company has been profitable for several years, attributing this to the efficient repayment mechanism through payroll deductions.

Kashable's platform currently serves over 4 million employees across more than 600 employers, including major corporations like Kraft Heinz and Amazon, as well as public sector entities such as the State of Illinois and Temple University. This broad adoption highlights the widespread demand for employer-provided financial wellness benefits. The company's founders, Rishi Kumar and Einat Steklov, previously co-founded the commercial finance company Coral Capital Solutions in 2008.

Greg Shell, partner and head of inclusive growth at Goldman Sachs Alternatives, emphasized the investment's alignment with their mission to support solutions that enhance financial security for American workers. He noted the current economic climate, marked by inflation and stagnant wage growth, exacerbates financial pressures on individuals. Shell views Kashable's model as a differentiated approach, providing essential liquidity on fair terms that offer genuine long-term relief, thereby preventing employees from falling into cycles of high-interest debt. The structural advantage of payroll integration allows for better risk assessment and consequently, lower loss rates, which are passed on to borrowers as reduced interest costs.

This funding round occurs amidst a generally positive trend for fintech startups, which have seen increased investment activity. Global venture funding for fintech reached $53.8 billion in 2025, a significant increase from the previous year, indicating a strong market appetite for innovative financial technology solutions.