Kashable Raises $60M Series C Led by Goldman Sachs to Expand Employer-Backed Personal Loans

Kashable, a fintech specializing in employee financial wellness, has secured a $60 million Series C funding round.

The investment was led by Goldman Sachs Alternatives, which committed up to $50 million, with existing backers Revolution and EJF Ventures also participating.

Revolutionizing Access to Credit

Founded in 2013 by co-CEOs Rishi Kumar and Einat Steklov, Kashable offers low-cost personal loans as a voluntary employee benefit through employer partnerships.

Loans are repaid via payroll deductions, resulting in lower default rates and better rates for borrowers compared to traditional banks or payday lenders.

The platform also provides credit monitoring, financial coaching, and wellness programs integrated with HR and payroll systems.

Proven Growth and Impact

To date, Kashable has funded nearly $2 billion in loans to over 4 million employees across more than 600 employers, including major names like Amazon, UPS, and IKEA.

The company has raised over $450 million in total equity and debt since inception, with its valuation tripling since the January 2024 Series B.

Achieving over 40% year-over-year growth, Kashable has been profitable for several years, demonstrating strong unit economics.

Future Expansion Plans

Looking ahead, Kashable expects to surpass $500 million in loan volume in 2026, further scaling its socially responsible credit model.

Goldman Sachs highlighted the unique payroll integration that enables fair terms and essential liquidity for working Americans.

This funding arrives amid rising fintech investments, with global VC funding in the sector reaching $53.8 billion in 2025, up 29% from the prior year.

By empowering employers to offer affordable credit, Kashable continues to transform financial wellness in the workplace.