New York–based fintech Kashable has secured a $250 million debt facility, led by Nomura Corporate Funding Americas, to support its mission-driven credit and financial wellness services for employers and employees (fintechfutures.com). The additional funding brings Kashable’s total capital raised—including previous equity—to around $400 million since its founding in 2013 (fintechfutures.com).
Kashable specializes in providing no‑fee, short‑term employee loans and financial wellness tools, which are integrated through employers as a workplace benefit. This facility will help the fintech expand its employer network and enhance tools like budgeting modules, savings incentives, and automated repayment via payroll deductions .
Nomura’s involvement underscores growing investor interest in fintech credit models tied to financial literacy and user wellbeing. Financial wellness is increasingly recognized as a key component of employee retention and productivity, making platforms like Kashable a desirable solution for employers .
Why It Matters:
- Illustrates rise of private credit instruments in scaling ethical fintech models.
- Validates workplace-lending as a viable and socially impactful vertical.
- Suggests further expansion potential through strategic debt support rather than just equity.
