Kashable, a fintech that provides access to 'socially responsible' credit and financial wellness programs for employees as a voluntary benefit, has secured $60 million in a Series C funding round led by Goldman Sachs Alternatives' Sustainable Investing. Goldman Sachs Alternatives has committed up to $50 million to the round, including an initial $25 million investment and an additional $25 million to be funded in the coming months, subject to undisclosed conditions. Existing backers Revolution and EJF Ventures also participated in the financing, which brings New York-based Kashable's total equity and debt raised to more than $450 million since its 2013 inception. The company declined to reveal its valuation saying only it had tripled since its January 2024 Series B raise. The premise behind Kashable is that, since its loans are facilitated through an employer, the service can often offer better rates than a traditional bank might ' making it a more appealing alternative to...
learn more
