FinTech Lending and Financial Wellness Cashable It has reportedly raised $60 million in new funding.
Ice Crunchpeace I mentioned On Monday (April 27), Sustainable Investments Goldman Sachs led the company’s Series C round, pledging up to $50 million.
Kashable offers employer-facilitated loans, which it says offer better rates than can be found at traditional banks, making it a more attractive alternative to payday loans or high-interest credit cards.
Besides its loans, Kashable works with employers to provide their workers with financial wellness services such as credit monitoring and financial coaching, the report added.
Co-Founder and Co-CEO of Kashable Rishi Kumar He told Crunchbase that the company has grown more than 40% year over year so far in 2026.
“Timely repayment of (loans) through payroll reduces default rates, giving Kashable better unit economics that it can then pass on to its customers as lower-cost loans,” Kumar told Crunchbase News.
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The company’s revenue model is based on interest and fees paid on loans and administrative fees from employers.
The company has funded nearly $2 billion in loans to date and expects to exceed $500 million this year. Co-Founder and Co-CEO Einat Steklov Cashable is profitable, and has been so “for several years,” he said. Cashable It raised $25.6 million From a Series B funding round in 2024.
Its latest funding round comes at a time when borrowing has become more difficult for many American workers, as PYMNTS Intelligence research shows.
March 2026″Pay to portfolio index“, a collaboration between PYMNTS Intelligence, WorkWhile and Ingo Paymentsfound a gap between the salaries of employees and those in Labor economics. These are workers such as warehouse associates, delivery drivers, caregivers, cooks and retail employees.
“The results are amazing. When I The shortage strikes“Higher earners get a credit card and get on with their lives,” PYMNTS wrote last month.
“Workers come up with a shorter, more difficult list: A Loan from a family memberdeferred utility bill, mortgaged possession, extra shift picked up on the weekend. Nine percent reported that they had no choice at all. And in both groups, nearly half say the method they used to fill a gap day made getting the next paycheck more difficult, starting a cycle that resets every few weeks.
At the same time, Payment upon request The tool designed to address this issue remains largely unused despite being available to about 80% of workers, “suggesting a significant and addressable gap in awareness and product design,” the report continued.
