Daily News: October 17, 2018

Kashable Closes $100MM Credit Facility With MidCap Financial


Kashable, an alternative consumer lending solution, has secured a $100 million credit facility from MidCap Financial, a premier specialty finance firm managed by Apollo Capital Management.

This credit facility supports Kashable’s growth and accelerates the company’s ability to extend affordable financing to consumers across the U.S.

Kashable serves employees of large public and private companies across a wide range of industries, from manufacturing to information technology, education, healthcare and municipalities.

Einat Steklov, co-founder of Kashable said, “We are excited to partner with the team at MidCap to deliver better financing solutions to working Americans and to support employers in their mission to provide employees with effective financial wellness through their employee benefit package. Our new relationship with MidCap provides us the financial resources to roll out Kashable through benefit administration platforms, marketplaces, and through industry brokers.”

Kashable is an employer-sponsored, voluntary benefit program which provides low-cost installment loans to consumers across the credit and wage spectrum.