Kashable, a New York-based fintech platform providing socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit, has raised $25.6 million in Series B funding.
SaaS Investors
The round was co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion Ventures.
Revolution Ventures is a venture capital firm based in San Mateo, California. Founded in 1999, the firm focuses on early-stage venture capital investments in technology-enabled businesses that disrupt existing, multi-billion-dollar industries.
Founded in 2014, Moneta Ventures is a venture capital based in Folsom, California. The firm prefers to invest in business-to-business enterprise software companies operating in healthcare, education, finance, and other domains across the United States West Coast and Texas.
Kashable Use of Funds
The company will use the investment to accelerate its expansion, develop additional financial wellness services, and enhance its suite of financial products.
About Kashable
Founded in 2013, Kashable is a financial technology company that provides Socially Responsible Credit™ and financial wellness solutions for employees offered as an employer-sponsored voluntary benefit. Kashable's platform integrates with employer Human Resource Information System (HRIS) and payroll systems, allowing employees access to low-cost loans that are automatically repaid through payroll deductions. Headquartered in New York City, Kashable deploys innovative technology to improve the financial well-being of working Americans with a commitment to both reliability and affordability.
Funding Details
Company: Kashable LLC
Raised: $25.6M
Round: Series B
Funding Month: January 2024
Lead Investors: Revolution Ventures and Moneta Ventures
Additional Investors: EJF Capital and Krillion Ventures
Company Website: https://kashable.com/
Software Category: Financial
Source: https://www.prnewswire.com/news-releases/kashable-closes-25-6m-series-b-funding-to-expand-financial-wellness-solutions-for-employees-302037450.html