- Funding Success: Kashable, a fintech focused on employee financial wellness, secures $25.6 million in Series B funding.
- Investors: Californian VC firms Revolution Ventures and Moneta Ventures lead the funding round, joined by EJF Capital and Krillion Ventures.
- Board Additions: David Golden from Revolution Ventures and Meirav Har Noy from Moneta Ventures will join Kashable’s board of directors as part of the investment.
- Specialization: Kashable offers “socially responsible credit” as a voluntary benefit, directly connected to a company’s payroll system for convenient payroll deduction repayment.
- Expansion Plans: The funding will be used to expand the technology team, aiming to develop additional financial wellness services and refine underwriting models for a broader credit spectrum.
- Mission Statement: Kashable is dedicated to scaling its product offering, making responsible credit more accessible to working Americans and supporting holistic underwriting models.
- Impactful History: Since 2013, Kashable claims to have connected over 2.5 million employees to “low-cost” loans, with an average loan size ranging from $3,500 to $4,000.
