Kashable Scores $60 Million in Venture Capital, Led by Goldman Sachs Alternatives
Kashable, a leading fintech company that offers employee benefits, has successfully raised $60 million in a Series C funding round. The majority of the funding, $50 million, came from Goldman Sachs Alternatives, confirming the industry’s increasing interest in profitable fintech companies.
Investment Details and Stakeholders
The investment round was led by the Sustainable Investing division at Goldman Sachs Alternatives. The investment firm committed to an initial investment of $25 million, with an additional $25 million set for future funding, subject to certain conditions. The remaining $10 million came from existing investors, Revolution Ventures and EJF Ventures.
Discussing the successful funding round, Rishi Kumar, co-founder and co-CEO of Kashable, praised the support from Goldman Sachs Alternatives. In a statement, he said, “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.”
About Kashable
Launched in 2013, Kashable is an innovative online lending platform that provides low-cost financing options for employees as a benefit offered by their employers. Unlike traditional lenders, Kashable approves loans based on employment data rather than credit scores. Borrowers repay their loans through convenient automatic payroll deductions.
The recent funding round has significantly increased the firm’s valuation, which has nearly tripled since the company’s $25.6 million Series B fundraising in 2024, according to a representative from Kashable.
Investing in Financial Wellbeing
Goldman Sachs Alternatives’ investment in Kashable marks its first foray into the fintech firm. Greg Shell, partner and head of inclusive growth at Goldman Sachs Alternatives, expressed his belief in the importance of access to responsible financial tools as a driver of economic mobility. He praised Kashable for establishing a scalable platform that empowers employers to play a significant role in their employees’ financial wellbeing.
Funds Utilization and Company Profitability
Kashable plans to use the raised funds to expand its reach by enhancing partnerships with HR, benefits, and finance teams of client companies. Co-CEO of Kashable, Einat Steklov, confirmed that the company has been profitable for several years without disclosing the exact year it started turning profits.
Steklov, an American Banker 2024 Innovator of the Year, has previously described Kashable as a “socially responsible financial wellness company,” highlighting its role in helping borrowers establish or improve their credit scores by reporting to major credit bureaus.
Selective Capital Investment in Fintech
According to Sahej Suri, founder and managing partner of Blue Dot Investors, the private fintech market has become more selective, with funding increasingly concentrated in profitable firms. This trend is supported by a recent report by Blue Dot Investors and FT Partners, which shows a decline in fintech’s share of total venture funding from 22% in 2021 to 12% in 2025, as capital has shifted to other high-growth sectors.
Despite this, the top 100 private fintech companies generated more collective revenue ($174 billion) than the top 100 public fintech companies ($158 billion) in 2025. Suri noted that “Capital is no longer chasing growth at any cost, but instead backing businesses that can demonstrate strong fundamentals, embedded distribution, and a credible path to profitability.”
Overall, the successful funding round for Kashable demonstrates the increasing focus on profitable fintech companies and their potential to provide innovative solutions to traditional financial challenges.
Source: Here
