Goldman Sachs Backs Kashable’s Latest Funding Round
Kashable, a fintech providing access to socially responsible credit and financial wellness programs for employees, secured $60 million in a Series C funding round led by Goldman Sachs Alternatives’ Sustainable Investing, according to Crunchbase News. Goldman Sachs Alternatives committed up to $50 million to the round, including an initial $25 million investment and an additional $25 million subject to undisclosed conditions, with existing backers Revolution and EJF Ventures also participating.
Company Background and Growth
Kashable, founded in 2013 and based in New York, has raised more than $450 million in total equity and debt. The company offers low-cost loans and financial wellness services, such as credit monitoring and financial coaching, integrated with employers’ HR and payroll systems, making loans available to over 4 million employees across more than 600 employers, including Kraft Heinz, Amazon, and the State of Illinois. Kashable has funded nearly $2 billion in loans and expects to surpass $500 million in loan volume in 2026, with growth exceeding 40% year over year so far in 2026.
Investor Perspective and Operations
Co-CEOs Rishi Kumar and Einat Steklov, who also founded Coral Capital Solutions in 2008, stated that Kashable is profitable and has been for several years, with its revenue model based on interest and fees from loans and administrative fees from employers. According to Crunchbase News, Greg Shell, partner at Goldman Sachs Alternatives, highlighted the investment’s focus on providing essential liquidity on fair terms to working Americans facing financial pressures. Shell noted that Kashable’s integration with payroll systems allows for lower default rates and more accurate credit assessments, enabling the company to offer lower interest rates than competitors.
Broader Fintech Funding Trends
Fintech startups have seen increased investment, with global funding to VC-backed financial technology companies totaling $53.8 billion in 2025, a 29% rise from $41.6 billion in 2024, as reported by Crunchbase News. Widely known in the industry, this surge reflects ongoing interest in innovative financial solutions, though specifics like Kashable’s model demonstrate how employer-integrated services can differentiate in a competitive market.
