Goldman Sachs Leads $60M Series C in Employer-Credit Fintech Kashable
Goldman Sachs Alternatives has led a $60 million Series C funding round for Kashable, a fintech platform offering financial wellness services to employees through their employers. Goldman Sachs Alternatives is committing up to $50 million, with an initial $25 million investment and an additional $25 million to follow, while existing investors Revolution Ventures and EJF Ventures contribute $10 million combined.
Kashable delivers credit monitoring, financial coaching, and affordable credit as an employer-sponsored benefit. The platform integrates with HR and payroll systems to align loan repayment with employee paychecks, reducing credit risk and enabling lower-cost financing options.
Rishi Kumar, Kashable co-founder and co-CEO, stated: "Employer-sponsored financial wellness, anchored by fair, transparent access to low-cost credit is rapidly becoming core to consumer finance."
Greg Shell, Partner and Head of Inclusive Growth at Goldman Sachs Alternatives, remarked: "Access to responsible financial tools is a critical driver of economic mobility. Kashable has built a proven, scalable platform that demonstrates impact and strong performance go hand in hand."
Einat Steklov, Kashable co-founder and co-CEO, added: "Financial stability is foundational to employee wellbeing."
With Series C funding, Kashable plans to expand its employer base, deepen client partnerships, and enhance its data-driven platform. The platform is currently available to more than 4 million employees across 600+ employers including governments, universities, hospitals, school districts, and large companies.
About Kashable
Founded in 2013, Kashable provides Socially Responsible Credit and financial wellness solutions to over 4 million employees across hundreds of large employers. The platform offers a responsible alternative to retirement plan loans, high-interest credit cards, and other costly borrowing options, promoting greater financial security.
About Sustainable Investing at Goldman Sachs Alternatives
Goldman Sachs manages over $625 billion in alternative assets with 30+ years of experience across private equity, growth equity, private credit, real estate, infrastructure, hedge funds, and sustainability. Goldman Sachs Asset Management oversees $3.6 trillion in assets under supervision globally.
