Kashable, a mission-driven fintech platform Redefining Credit for Working Americans as an employer-sponsored voluntary benefit, announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide equitable, affordable credit and financial wellness solutions to employees and expand its reach to employers throughout the U.S.

Nomura Corporate Funding Americas served as the lead lender and agent in the facility. Kashable also continues to be supported by Apollo Global Management through its lending arm, MidCap Financial, with a separate lending relationship. 

"This financing marks a significant achievement for Kashable," said Einat Steklov, co-founder and co-CEO of Kashable. "The addition of this facility reflects the strength of our platform, the uniqueness of our underwriting model, and performance of our loan portfolio. The funding will allow Kashable to enhance HR and payroll integration systems and accelerate the development of financial wellness tools to support long-term financial stability."

This milestone financing follows Kashable's Series B equity round in January 2024 and brings its total capital raised to nearly $400 million across equity and debt.

"Nomura is proud to support Kashable in its mission to provide innovative credit solutions to working America," said John Costello from Nomura Securities International, Inc.  

Since its founding in 2013, Kashable has originated nearly $1.5 billion in affordable loans through its platform and continues to expand its footprint, now reaching over 4 million employees across Fortune 500 companies, government agencies, and mid-sized employers spanning all industries.

In addition to its core consumer loan product, Kashable offers a holistic suite of financial wellness solutions—including budgeting tools, personalized financial coaching and credit monitoring—designed to support employees on their journey toward long-term financial health.