Funding

Kashable Raises $60M Series C Using EQIBank's BaaS Platform

Kashable raised $60 million in a Series C funding round on Apr 28, 2026, with Goldman Sachs leading the investment. Kashable operates on EQIBank's Banking-as-a-Service platform, which provides the cross-border banking infrastructure underpinning its products. The company offers employer-linked financial wellness services, including lending and savings, without holding a bank charter directly.

EQIBank's BaaS platform enables Kashable to embed banking capabilities into its product suite. Financial terms beyond the headline figure were not disclosed. The round is expected to fund product expansion and broaden Kashable's geographic footprint.

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Implications
  • Validates BaaS model for enabling fintech growth even amid increased regulatory scrutiny of bank-fintech partnerships
  • Goldman Sachs' lead role signals major institutional investors still see upside in BaaS-enabled fintechs
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