Low-Cost Loans for Employees

Kashable is the latest to grab some venture capital attention for its approach to offering credit and financial wellness products as an employer-sponsored voluntary benefit.

As an alternative, employers are joining with firms such as Kashable to help fund and service loans.

Kashable's mission is to improve the financial well-being of working America. The company offers socially responsible financing to employees as an employer-sponsored voluntary benefit.

Kashable aims to bring more equity to the financial services industry by providing equitable access to financial education and low-cost loan benefits for employees.

In response to a spike in employees seeking loans against retirement accounts amid COVID-19 financial strains, Reid Health introduced Kashable, a business that offers short-term loans to those who have difficulty getting other types of financing.

In a world where financial instability can strike anyone, at any time, Kashable is taking a bold stance: access to credit shouldn't be a privilege, it should be attainable.

“We integrate seamlessly with employer Human Resource Information Systems (HRIS) and payroll systems — enabling quick access to affordable loans that are automatically repaid through payroll without much of a lift to the employers,” Einat Steklov said.

Under this partnership, participating employers are for the first time empowered to offer SecureSave's emergency savings accounts and Kashable's low-cost loans all under one dashboard.

Fintech leaders highlight the growing trend of employers focusing on financial wellness and development programs for their employees.

PlanSource, a leading provider of cloud-based benefits administration technology, announced that Kashable has joined the company's Partner Marketplace.

Brokers who offer Kashable benefits will have access to the full suite of Paylogix® enrollment and billing solutions including employer level billing and payment, client portal, and alternative funding.

Einat Steklov, co-founder of Kashable, discusses leveraging technology to revolutionize access to low-cost credit for Americans, emphasizing financial wellness and the impact of Kashable's patented technology within the fintech space, and HR organizations.