Goldman Sachs Alternatives announced a $60 million Series C financing for Kashable, a fintech company that offers employer‑sponsored financial wellness programs. The round is led by Goldman Sachs Alternatives, which has committed up to $50 million of the total, with an initial $25 million investment and a second $25 million to be deployed in the coming months subject to conditions.
Existing investors Revolution Ventures and EJF Ventures joined the round, contributing an additional $10 million. The $60 million total brings Kashable’s cumulative equity and debt raised to more than $450 million, and the company’s valuation has tripled since its January 2024 Series B raise, although the exact valuation for this round was not disclosed.
Kashable has been profitable for several years and reported a 40 % year‑over‑year growth in 2026. The company’s revenue expansion is driven by its employer‑sponsored model, which integrates low‑cost loans, credit monitoring, and financial coaching into HR and payroll systems, giving it a unique advantage over traditional credit products such as high‑interest cards and payday loans.
The investment aligns with Goldman Sachs Alternatives’ focus on sustainable investing and its broader strategy of supporting companies that promote economic mobility. By backing Kashable, the firm signals confidence in the company’s ability to scale its financial‑wellness platform and deepen partnerships with employers, positioning Kashable as a key player in the growing market for responsible credit solutions.
"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. "To support innovative solutions that help working Americans lead more secure financial lives," added Greg Shell, Partner and Head of Inclusive Growth at Goldman Sachs Alternatives. "The American workforce is facing a significant squeeze as job security and wage growth has struggled to keep pace with inflation, eroding personal savings and the ability to absorb unexpected financial pressures," he continued. Einat Steklov, co‑founder and co‑CEO of Kashable, noted that the company has been profitable "for several years."
The Series C round strengthens Kashable’s capital base, enabling it to expand its employer footprint, deepen client partnerships, and accelerate product development. The alignment with a major alternative‑investment platform underscores the growing interest in fintech companies that combine financial inclusion with responsible business practices, and it positions Kashable for continued growth in a competitive credit‑services landscape.
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