Kashable lands $250M credit facility to expand

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Kashable, a fintech platform that provides access to “socially responsible credit” and financial wellness solutions for employees, got its own boost of financial resources last week, announcing the closing of a $250 million credit facility.
According to a news release, Nomura Corporate Funding Americas served as the lead lender and agent in the facility. Kashable also said it continues to be supported by Apollo Global Management through its lending arm, MidCap Financial, with a separate lending relationship.
“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 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,” Steklov continued in the news release.
This financing follows Kashable’s Series B equity round in January and brings its total capital raised to nearly $400 million across equity and debt.
“Nomura is proud to support Kashable in its mission to provide innovative credit solutions to working America,” said John Costello from Nomura Securities International.
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Since its founding in 2013, Kashable has originated nearly $1.5 billion in affordable loans through its platform and continues to expand its footprint, now reaching more than 4 million employees across FORTUNE 500 companies, government agencies, and mid-sized employers spanning all industries.
In addition to its core consumer loan product, Kashable offers a holistic suite of financial wellness solutions — including budgeting tools, personalized financial coaching and credit monitoring — designed to support employees on their journey toward long-term financial health.
To learn more about becoming a Kashable partner, visit www.kashable.com.