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Kashable banks $25.6M to offer employment-based lending
Kashable integrates with a company’s payroll systems to extend affordable credit to that company’s employees.
Fintech company Kashable is the latest to also grab some venture capital attention for its approach to offering credit and financial wellness products as an employer-sponsored voluntary benefit. For example, Payroll Integrations, Minu, HoneyBee, Addition Wealth and Origin — to name a few — raised VC in the past three years for their own approaches to adding financial wellness to employee benefits. However, Einat Steklov and Rishi Kumar, both co-founders and co-CEOs of Kashable, say their company differs in that they not only provide access to free financial education tools but also make employment-based loans.
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