Goldman Sachs Alternatives has spearheaded a USD 60 million Series C funding round for the US-based employee lending fintech company, Kashable. This brings the total capital raised by Kashable to over USD 450 million.

Kashable operates by delivering credit through employer payroll and HR systems. By routing loan repayments directly via payroll, Kashable claims a more precise evaluation of creditworthiness, thereby reducing default rates. This mechanism allows them to offer lower interest rates compared to traditional consumer credit cards or short-term high-interest products. The platform also serves as an alternative form of non-predatory lending for employees experiencing financial pressures.

Kashable’s offerings extend beyond personal loans, encompassing features such as credit monitoring, financial coaching, and access to affordable credit integrated directly into the employer’s systems.

The investment rationale underscores a broader concern about stagnant wage growth in relation to inflation within the US workforce. According to a representative from Goldman Sachs Alternatives, Kashable’s model offers liquidity under transparent terms, while its payroll-integrated structure is seen as a key advantage that could result in lower default rates compared to competitors.

Fintech Funding Context

This funding round aligns with the recovery of fintech investment from a period of prolonged decline. Global venture capital-backed fintech funding reached USD 53.8 billion in 2025, marking a growth of more than 29% from the USD 41.6 billion recorded in 2024, as per Crunchbase data. Kashable’s raise reflects ongoing investor interest in embedded financial services that address unmet credit needs through employer channels.

Looking ahead, the company plans to maintain a focus on client and user needs while ensuring compliance with industry regulations and laws.