Kashable Secures $250M Credit Facility to Boost Financial Wellness in US Workplaces
Deal News | May 30, 2025 | Raptor Capital Management LP
Kashable, a fintech platform focused on providing employer-sponsored financial wellness benefits, has secured a $250 million credit facility. This substantial funding, led by Nomura Corporate Funding Americas and supported by Apollo Global Management's MidCap Financial, will enable Kashable to broaden its credit and financial wellness offerings across the United States. The funds will be used to enhance Kashable's HR and payroll integration systems and to develop further financial wellness tools for long-term financial stability. Since its inception in 2013, Kashable has lent nearly $1.5 billion, reaching over 4 million employees. This latest credit facility, alongside a Series B equity round in January 2024, raises Kashable's total capital to $400 million. Kashable's growth is further evidenced by its widespread adoption among Fortune 500 companies, government agencies, and mid-sized employers.
Sectors
- Financial Services
- Technology
- Human Resources
Geography
- United States – The article discusses Kashable's expansion efforts across American workplaces, focusing on providing financial solutions in the U.S.
Industry
- Financial Services – The article focuses on a fintech company, Kashable, which provides credit and financial wellness solutions to employees, part of the broader financial services industry.
- Technology – Kashable is a fintech platform leveraging technology to offer employer-sponsored financial products, indicating its role in the tech industry.
- Human Resources – Kashable's products are integrated with HR systems to provide financial wellness benefits, linking the company to the HR sector.
Financials
- $250 million – The credit facility closed by Kashable to expand its financial wellness offerings.
- Nearly $400 million – Total capital raised by Kashable across equity and debt rounds.
- $1.5 billion – The total amount of affordable loans originated by Kashable since its founding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kashable | Target Company | Company | A fintech platform providing employer-sponsored credit and financial wellness solutions. |
| Raptor Capital Management LP | PE Firm | Company | The private equity firm associated with Kashable in the article. |
| Nomura Corporate Funding Americas, LLC | Lead Lender and Agent | Company | Served as the lead lender and agent for Kashable's $250 million credit facility. |
| Apollo Global Management | Support Lender | Company | Through its lending arm MidCap Financial, it supports Kashable with an additional lending relationship. |
| Einat Steklov | Co-founder and Co-CEO | People | Co-founder and co-CEO of Kashable, providing a statement in the article. |
| John Costello | Representative | People | Representative from Nomura Securities International, Inc., commenting on the transaction. |