Exclusive: Goldman Sachs Leads $60M Series C For Personal Loan Fintech Kashable

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 high-interest credit cards or payday loans.

In addition to low-cost loans, Kashable partners with employers to provide employees with a suite of financial wellness services, including credit monitoring, financial coaching and affordable credit. Employers offer the services as employee benefits integrated with their HR and payroll systems.

Big growth

Kashable has grown more than 40% year over year so far in 2026, according to co-CEO and co-founder Rishi Kumar, an MIT computer scientist and former derivatives trader. Its revenue model is driven by interest and fees paid on loans and administrative fees from employers for customized programs.

To date, the company has funded nearly $2 billion in loans and expects to surpass $500 million in volume in 2026 alone. Co-founder and co-CEO Einat Steklov told Crunchbase News that Kashable is profitable, and has been “for several years.”

“Timely repayments [of loans] through payroll reduce default rates, giving Kashable better unit economics that it can then pass on to its customers as lower-cost loans,” Kumar told Crunchbase News.

Kashable’s platform is available to over 4 million employees across more than 600 employers. Its customers include governments, large nonprofits such as universities and hospitals, school districts, and large companies. They include Kraft Heinz, Amazon, Stanley Black & Decker, UPS, IKEA, Cigna, Kohler, the State of Illinois, Temple University and San Mateo County in California.

This isn’t the first company that Kumar and Steklov have started together. The pair also founded Coral Capital Solutions, a commercial finance company, in 2008.

Investor POV: ‘Essential liquidity’ on fair terms

Greg Shell, partner and head of inclusive growth at Goldman Sachs Alternatives, told Crunchbase News via email that his firm’s investment in Kashable was driven by its mission “to support innovative solutions that help working Americans lead more secure financial lives.”

“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 said. “We recognized Kashable’s model and mission as differentiated, providing essential liquidity on fair, transparent terms, in a way that is substantial enough to offer true long-term relief rather than a short-term, expensive Band-Aid. Kashable’s platform offers a necessary financial bridge that helps users navigate personal liquidity needs without falling into predatory debt cycles.”

Shell also believes that Kashable stands out due to its “unique” structural advantage. Its integration with employer’s payroll systems gives it the ability to get a more accurate picture of creditworthiness, he said.

“Consequently, Kashable sustains meaningfully lower loss rates than its competitors,” Shell added, “and can pass the resulting savings directly to its borrowers in the form of lower interest rates”

Fintech startups have benefited from increased investment in recent quarters. Total global funding to VC-backed financial technology startups totaled $53.8 billion in 2025, per Crunchbase data. That’s a more than 29% increase from 2024’s total of $41.6 billion raised.

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Illustration: Dom Guzman