Kashable, a NYC-based alternative consumer lending solution, secured a $100m credit facility.
MidCap Financial, a premier specialty finance firm managed by Apollo Capital Management, L.P. focused on delivering flexible and creative capital solutions, provided the financial resources.
The credit facility supports the company’s growth and accelerates its ability to extend affordable financing to consumers across the United States.
Led by Einat Steklov, Kashable is an employer-sponsored, voluntary benefit program which leverages enhanced underwriting and repayment processes to provide low-cost installment loans to consumers across the credit and wage spectrum. The loan program offers an intelligent alternative to 401(k) loans, credit cards, and pay advances.
The company’s financial technology is integrated with HR and benefits platforms, such as Alight Solutions and Benefitfocus.
Kashable also partners with a host of strategic partners that include HixMe, TriNet, Corestream, Maestro Health, and other industry leaders.
FinSMEs
17/10/2018