Kashable Secures $250M to Expand Nationwide Financial Wellness

Kashable, a fintech platform focused on redefining credit for working Americans, has announced the closing of a substantial $250 million credit facility. This funding, led by Nomura Corporate Funding Americas, LLC with continued backing from Apollo Global Management's MidCap Financial, is aimed at expanding Kashable's reach across the United States, providing equitable and affordable financial wellness solutions to employees. The funds will be used to enhance HR and payroll system integrations and to accelerate the development of financial wellness tools that promote long-term financial stability. With this latest financing, Kashable's total capital raised, combining both equity and debt, now approaches $400 million. Since its inception in 2013, the platform has facilitated nearly $1.5 billion in loans, reaching over 4 million employees across various industries. This significant funding milestone follows their Series B equity round early in 2024, emphasizing the platform's robust growth and commitment to helping employees achieve financial health.