Key Takeaways:
Kashable, a fintech platform redefining credit for American workers, has secured a $60 million Series C investment, signaling strong institutional belief in employer-sponsored financial wellness programs. The round was led by the Sustainable Investing business at Goldman Sachs Alternatives, which is committing up to $50 million.
“We believe access to responsible financial tools is a critical driver of economic mobility,” said Greg Shell, Partner and Head of Inclusive Growth at Goldman Sachs Alternatives. “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.”
The financing includes an initial $25 million from Goldman Sachs, with an additional $25 million to be funded subject to conditions, alongside $10 million from existing investors Revolution Ventures and EJF Ventures. Kashable, which has been profitable for several years, has seen over 40 percent year-over-year growth in 2026 and has funded nearly $2 billion in loans since its inception.
The investment highlights a growing trend of employers adopting financial wellness solutions to combat workforce stress, which impacts productivity and retention. By integrating with payroll systems, Kashable’s model reduces default risk, allowing it to offer lower-cost credit than payday loans or high-interest credit cards. This structure provides a crucial bridge for employees between pay cycles.
Kashable’s platform is available to over four million employees at more than 600 companies, including major employers like Amazon, Cigna, and Kraft Heinz. The company offers a suite of services including credit monitoring and financial coaching alongside its socially responsible credit product.
“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,” said Rishi Kumar, co-founder and co-CEO of Kashable. “Goldman Sachs Alternatives’ leadership in this round reinforces that Kashable’s approach represents a durable, institution-grade model.”
For employers, high-impact financial wellness benefits are becoming as essential as healthcare and retirement plans. They represent a practical way to support their workforce, improve retention, and reduce the absenteeism linked to financial stress.
“Our nation’s employers recognize that financial stability is foundational to employee wellbeing,” added Einat Steklov, co-founder and co-CEO of Kashable. “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.”
With the new funding, Kashable plans to expand its employer footprint, deepen partnerships with HR and benefits teams, and continue enhancing its data-driven platform.
This article is for informational purposes only and does not constitute investment advice.
