Kashable announced it has raised $60 million in a Series C funding round led by Goldman Sachs Alternatives, with participation from existing investors Revolution Ventures and EJF Ventures. The round underscores growing institutional backing for employer-sponsored financial wellness platforms designed to expand responsible access to credit for working Americans.
The investment includes a commitment of up to $50 million from Goldman Sachs Alternatives, consisting of an initial $25 million and an additional $25 million expected to be deployed in the coming months, subject to conditions. Existing investors contributed an additional $10 million.
Founded in 2013, Kashable partners with employers to offer financial wellness services, including credit monitoring, financial coaching, and low-cost credit products. Its model integrates directly with HR and payroll systems, allowing loan repayments to be deducted from paychecks, thereby reducing risk and enabling more affordable lending options for employees.
The company positions its offering as a workplace benefit, designed to help employees manage short-term financial needs without undermining long-term financial stability. Kashable says its platform is now available to more than 4 million employees across hundreds of large employers nationwide.
The Series C funding will be used to expand Kashable’s employer network, strengthen integrations with HR and benefits systems, and further develop its data-driven platform.
The investment aligns with Goldman Sachs Alternatives’ sustainable investing strategy, which focuses on companies that expand access and affordability for underserved populations while delivering strong financial performance.
Financial stress remains a significant issue for employers, contributing to lower productivity, higher absenteeism, and increased turnover. Kashable argues that financial wellness solutions, including access to responsible credit, are becoming as essential as traditional benefits like healthcare and retirement plans.
KEY QUOTES:
“Employer-sponsored financial wellness, anchored by fair, transparent access to low-cost credit is rapidly becoming a core pillar of the next generation of consumer finance. Goldman Sachs Alternatives’ leadership in this round reinforces that Kashable’s approach represents a durable, institution-grade model for scaling comprehensive financial access through the workplace.”
Rishi Kumar, Co-Founder And Co-CEO, Kashable
“We believe access to responsible financial tools is a critical driver of economic mobility. Kashable has built a proven, scalable platform that empowers employers to play a meaningful role in their employees’ financial wellbeing, demonstrating that impact and strong performance can go hand in hand.”
Greg Shell, Partner And Head Of Inclusive Growth, Goldman Sachs Alternatives
“Our nation’s employers recognize that financial stability is foundational to employee wellbeing. By investing in solutions that help close the gap between pay cycles and real life, employers can reduce financial stress, strengthen retention, and support their workforce with dignity and fairness.”
Einat Steklov, Co-Founder And Co-CEO, Kashable