“Can employer-sponsored payroll-deducted lending become the primary affordable credit channel for working Americans at scale?”
Founded in 2013, Kashable positioned itself as an employer-sponsored voluntary benefit providing low-cost personal loans to employees, using payroll deduction as a repayment mechanism to reduce credit risk. The company deepened its embedded finance approach by building integrations with major HR and payroll platforms (including UKG), allowing loan origination and repayment to occur entirely within the employer benefits stack. By 2024–2026, Kashable shifted from a direct lending model toward a scaled, credit-facility-backed platform, bringing in institutional capital from Goldman Sachs and Nomura to grow origination volume while expanding employer partnership depth.
Kashable discloses Cross River as its banking provider, with Cross River Bank, N.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Kashable does not disclose a bank charter of its own; its banking services are provided through Cross River Bank, N.A..
The Embedded Finance Index 2026 maps 3 layers in Kashable's stack: Banking / BaaS (Cross River); Lending (Kashable Employee Personal Loan (employer-sponsored) and Kashable Federal Employee Program); Sponsor bank (Cross River Bank, N.A.).
Kashable was founded by Einat Steklov and is founded in 2013, headquartered in New York, NY (500 5th Avenue, 27th Floor).
Kashable has raised $450M+ (equity + debt combined) in total (latest round: Series C, 2026).
Get a read on where your own stack stands against Kashable and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.