Goldman Sachs Alternatives led a $60 million Series C funding round in Kashable, as part of its impact investing strategy.
Goldman Sachs Alternatives has invested $25 million in Kashable, a mission-driven fintech platform redefining credit for working Americans, and commited to invest additional $25 million in the coming months within the startup’s Series C financing round.
Another $10 million in this round is supplied by existing investors Revolution Ventures and EJF Ventures. Taken into account the latest funding session, Kashable has already raised $450M in total financing (equity + debt) since its founding in 2013.
Kashable is a fintech platform focused on services that boost financial wellness for employees. It offers low-cost personal loans, credit monitoring and financial coaching, and integrations with employers’ HR & payroll systems. One of the startup’s key innovations is that loan repayments are deducted directly from borrowers’ salaries. This lending model allows Kashable to offer cheaper credit than traditional lenders or payday loans, as it lowers default risk.
Labelled as “socially responsible” credit service, Kashable fits into sustainable investing strategy of Goldman Sachs. The financial firm aims to expand access to affordable financial services and support underserved or financially stressed consumers not only with its own activities but also through dedicated investments. For instance, Goldman Sachs has a 10,000 Small Businesses investment initiative to help entrepreneurs create jobs and economic opportunity for their communities. It has provided business education program and access to capital and business support services to over 16,000 small businesses across the United States.
“We believe access to responsible financial tools is a critical driver of economic mobility,” said Greg Shell, Partner and Head of Inclusive Growth at Goldman Sachs Alternatives. “Kashable has built a proven, scalable platform that empowers employers to play a meaningful role in their employees’ financial wellbeing, demonstrating that impact and strong performance can go hand in hand.”
With the latest funding, Kashable’s valuation has tripled compared to its 2024 round. This promising startup is growing at roughly 40% annually and has solid potential for millions of employees served via employer partnerships.
“We’re thrilled to partner with Goldman Sachs Alternatives,” said Rishi Kumar, co-founder and co-CEO of Kashable. “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. Goldman Sachs Alternatives’ leadership in this round reinforces that Kashable’s approach represents a durable, institution-grade model for scaling comprehensive financial access through the workplace.”
A 2026 Employee Financial Wellness Survey by PwC discovered that 59% of 3500 employees surveyed in the U.S. are financially stressed right now. Half of respondents say their pay isn’t keeping up with living costs. As several other studies concluded, financial stress is hurting both employees’ work and personal life. Thus, responsible and flexible credit solutions help alleviate both financial and mental burden for workers.
