Kashable Secures $250 Million Credit Facility to Expand Financial Wellness Benefits Across American Workplaces
NEW YORK, May 29, 2025 /PRNewswire/ -- Kashable, a mission-driven fintech platform Redefining Credit for Working Americans as an employer-sponsored voluntary benefit, today announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide equitable, affordable credit and financial wellness solutions to employees and expand its reach to employers throughout the U.S.
Nomura Corporate Funding Americas, LLC served as the lead lender and agent in the facility. Kashable also 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."
This milestone financing follows Kashable's Series B equity round in January 2024 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, Inc.
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 over 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.
About Kashable
Kashable is a financial technology company that provides access to Socially Responsible Credit™ and financial wellness solutions for employees, offered as an employer-sponsored voluntary benefit. By partnering with hundreds of employers, Kashable helps to provide access to financial health and wellness tools to millions of employees.
Founded in 2013, Kashable deploys innovative technology to improve the financial well-being of working Americans with a commitment to both reliability and affordability. Offering a smart, economical, and fast alternative for employees who may otherwise be driven to borrow from retirement plans, high-rate credit cards, or other high-cost loans to bridge short-term gaps in their finances, Kashable focuses on providing a path to financial security.
For more information, visit Kashable.com.
About Nomura
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.
For further information about Nomura, visit www.nomura.com.
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SOURCE Kashable