Kashable Raises $25.6 Million in Series B

by Kay Aloha Villamor in January 22nd, 2024

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  



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