Kashable, a New York-based FinTech firm delivering employer-sponsored credit and wellness solutions, has secured a $250 million credit facility to drive its next phase of growth across American workplaces. The funding round was led by Nomura Corporate Funding Americas, with additional backing from MidCap Financial, a division of Apollo Global Management.
Founded in 2013, Kashable provides affordable credit through payroll-integrated loans, along with financial wellness tools such as budgeting support, credit monitoring, and personalized coaching. These benefits are offered as voluntary programs by employers, designed to help workers achieve long-term financial stability.
The new capital will be used to strengthen Kashable’s HR and payroll integrations and expand its suite of financial wellness offerings. With a goal of increasing access to responsible credit, Kashable aims to serve a broader network of U.S. employers, including Fortune 500 companies, government agencies, and mid-sized businesses.
Having already originated nearly $1.5 billion in loans, Kashable now reaches more than 4 million employees across diverse sectors. The company’s growth is underpinned by a mission to promote equitable access to financial resources and improve financial health in the workplace.
Co-founder and co-CEO Einat Steklov said, “This financing marks a significant achievement for Kashable. The addition of this facility reflects the strength of our platform, the uniqueness of our underwriting model, and the performance of our loan portfolio.”
John Costello of Nomura Securities International added, “Nomura is proud to support Kashable in its mission to provide innovative credit solutions to working America.”
This latest funding milestone follows Kashable’s Series B equity round in January 2024 and brings its total capital raised to nearly $400 million in combined equity and debt.