What is Kashable?
Kashable is a New York City-based startup that provides socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit. The company offers an affordable, quick, and responsible alternative for employees facing short-term financial gaps. Kashable aims to prevent employees from resorting to high-interest loans, predatory lenders, or depleting retirement plans by offering accessible financial tools and support. Their platform integrates with employers to provide these benefits seamlessly, promoting financial stability among the workforce.
How much funding has Kashable raised?
Kashable has raised a total of $185.9M across 4 funding rounds:
Other Financing Round
$100M
Debt
$350K
Series B
$25.6M
Series C
$60M
Other Financing Round (2018): $100M with participation from MidCap Financial
Debt (2020): $350K led by PPP
Series B (2024): $25.6M supported by EJF Capital, Moneta Ventures, Krillion Ventures, and Revolution Ventures
Series C (2026): $60M featuring EJF Capital, Goldman Sachs Asset Management, and Revolution
Key Investors in Kashable
MidCap Financial
MidCap Financial is a lending institution that specializes in providing flexible and efficient financing solutions tailored to meet specific business needs.
EJF Capital
EJF Capital LLC is an alternative asset management firm headquartered in the greater Washington, D.C. metropolitan area, founded in 2005.
Goldman Sachs Asset Management
Goldman Sachs Asset Management is a global investment management firm offering comprehensive investment and advisory services across traditional and alternative investments.
What's next for Kashable?
With its recent major strategic investment, Kashable is poised for significant scaling and innovation. The company is likely to focus on expanding its employer partnerships, enhancing its technology platform, and potentially broadening its product suite to address a wider range of employee financial needs. This enterprise-level backing suggests a strategic push towards market leadership in the employer-sponsored financial wellness space, with an emphasis on sustainable growth and customer acquisition. Future developments may include deeper integration with HR systems and advanced analytics for personalized financial guidance.
See full Kashable company page
