Kashable secures $250m to advance financial wellness for working Americans

By Gloria Methri

Kashable, a FinTech platform that offers employer-sponsored credit and financial wellness tools, has secured a $250 million credit facility to expand its mission of providing affordable and equitable credit solutions to working Americans.

The facility is led by Nomura Corporate Funding Americas, LLC, which served as the lead lender and agent. Apollo Global Management also continues to support Kashable through a separate lending relationship via its MidCap Financial platform.

“This financing marks a significant achievement for Kashable,” said Einat Steklov, co-founder and co-CEO of 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. The funding will allow Kashable to enhance HR and payroll integration systems and accelerate the development of financial wellness tools to support long-term financial stability.”

The new credit line follows Kashable’s Series B equity round in January 2024, bringing its total capital raised to nearly $400 million, which combines equity and debt.

“Nomura is proud to support Kashable in its mission to provide innovative credit solutions to working America,” said John Costello of Nomura Securities International, Inc.

Founded in 2013, Kashable has originated nearly $1.5 billion in low-cost loans and now serves more than 4 million employees across a vast network of Fortune 500 firms, public sector bodies, and mid-sized employers nationwide.

Alongside its core loan offering, the company provides a suite of financial wellness services, including budgeting tools, credit monitoring, and tailored financial coaching, to support long-term financial resilience for employees.