Goldman Sachs Leads $60M Series C For Kashable
Hey FinTech Fanatic!
FinTech startups keep benefiting from increased investment in recent quarters.
Kashable, a FinTech that provides access to “socially responsible” credit and financial wellness programs for employees as a voluntary benefit, has secured $60 million in a Series C funding round led by Goldman Sachs Alternatives’ Sustainable Investing.
Goldman Sachs Alternatives has committed up to $50 million to the round, including an initial $25 million investment and an additional $25 million to be funded in the coming months.
The premise behind Kashable is that, since its loans are facilitated through an employer, the service can often offer better rates than a traditional bank might.
Kashable’s platform is available to over 4 million employees across more than 600 employers. Its customers include governments, large nonprofits such as universities and hospitals, school districts, and large companies.
Total global funding to VC-backed financial technology startups totaled $53.8 billion in 2025, per Crunchbase data. That’s a more than 29% increase from 2024’s total of $41.6 billion raised.
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#FINTECHREPORT
📊 Agentic commerce is expected to reach $𝟭.𝟱 𝗧𝗥𝗜𝗟𝗟𝗜𝗢𝗡 by 2030 🤯
INSIGHTS
➡️ The Future of Payments, 2026 vision. Getnet highlights in its whitepaper that payments are evolving from simple transactions into seamless, AI-driven experiences embedded in everyday interactions. The report explores trends like real-time payments, agentic transactions, and invisible checkout, emphasizing the need for businesses to innovate while maintaining trust as payments become a core driver of customer experience and performance.
FINTECH NEWS
➡️ New Data: The State of Mule Account Handovers in 2026. Incognia will present its 2026 report, highlighting a sharp rise in this type of fraud and the industry’s ongoing struggle to detect it proactively. Based on a survey of over 500 risk and AML professionals, the findings show most institutions still identify cases only after funds move, making improved early detection a top priority.
🇧🇷 Brazil blocks Polymarket and Kalshi over ‘illegal betting’. The move aims to protect the savings of Brazilians and address rising levels of household debt. The resolution prohibits the trading of derivatives linked to sporting events, online gambling, and real or virtual events of a political, electoral, social, cultural, or entertainment nature.
🇮🇳 India's MobiKwik gets central bank nod for non-banking financial company licence. The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering. Read more
🇺🇸 Mercury secures OCC conditional approval to set up Mercury Bank NA. As Mercury Bank becomes fully operational, customers will gain capabilities they cannot access today: Zelle built directly into Mercury Bank accounts for person-to-person and business payments, an expanded suite of lending products for businesses and individuals, and a deeper payments infrastructure.
PAYMENTS NEWS
🇨🇷 Mastercard receives an essential COSTA RICA license for its contribution to the digitalization of the country's economy. Through initiatives in public transport, tourism, and SME digitization, Mastercard is helping expand secure, cashless payments and strengthen the country’s digital ecosystem.
🇺🇸 Western Union eyes May rollout for its USDPT stablecoin as part of a broader digital asset strategy. Built on the Solana and issued by Anchorage Digital, the stablecoin will support payments, settlement, and treasury use cases, reflecting growing adoption of stablecoins among traditional financial institutions.
🇵🇾 Paraguay has stood out for creating a system similar to Brazil's PIX. This system allows users to make transfers of up to G$10 million. Initially limited to banking hours, Sipap now operates 24 hours a day, allowing both individuals and businesses to make instant payments at any time.
🇱🇺 Banking Circle introduces stablecoin settlement services following CASP license approval. The new offering will provide a suite of fiat-to-stablecoin and stablecoin-to-fiat capabilities from the bank’s core platform. Continue reading
DIGITAL BANKING NEWS
🇺🇸 Musk vies to turn X into a super app with a banking tool near launch. The platform is expected to include features such as peer-to-peer transfers, a debit card, interest-bearing savings, and AI-powered financial tools, positioning it as a step toward integrating social media and financial services into a single ecosystem.
🇮🇳 NexusPay quietly nears about 10M users. According to a Dutch-Bangla Bank report on NexusPay, transactions worth Tk 2.37 trillion were conducted through the app last year. The number of users and transactions is increasing continuously. Continue reading
🇬🇧 Peter Mandelson-backed FinTech sees losses widen. The Bank of London’s parent, Oplyse Holdings, reported a £46.9m loss in 2024, extending its cumulative deficit despite fresh investor funding that restored positive equity. The company also saw workforce reductions and a change in ownership led by Mangrove Capital Partners, amid ongoing challenges and leadership changes.
🇬🇧 COCA launches COCA 3.0: a banking experience where users fully control their funds. The update makes COCA the first consumer finance application to combine a complete neo-bank product suite with full non-custodial ownership of user funds, establishing a new category in personal finance: self-banking.
🇺🇸 BMO expands digital banking platform for small and mid-sized U.S. businesses. BMO's new offering fills this gap with intuitive navigation, commonly used payment options, and simplified user management. Keep reading
BLOCKCHAIN/CRYPTO NEWS
🇯🇵 Japan’s first credit card for direct crypto spending was launched by bitbank and Epos Card. The card allows users to spend from their assets held on a crypto exchange. Users can use their BTC, ETH, or JPY balance on the bitbank platform to pay for goods and services anywhere Epos Cards are accepted.
PARTNERSHIPS
🌎 Mastercard joins forces with KAROL G to transform the passion for music into Priceless Experiences. Through this regional alliance, Mastercard will offer its cardholders exclusive access and specially designed experiences to enjoy one of the most anticipated tours of 2026, providing new ways to experience music beyond the stage.
🇲🇽 Chedraui integrates Kueski Pay as an online payment method. The partnership will allow customers to make purchases using Kueski Pay, its buy now, pay later solution. The option is now available nationwide on the chain's online store, making it the first integrated BNPL service.
🇰🇷 Kbank and Ripple form a strategic partnership on blockchain remittances. Under the partnership, Kbank plans to use Ripple's global network and blockchain infrastructure to test whether the technology can improve the speed, cost efficiency, and transparency of its existing overseas remittance system.
🇺🇸 AmEx links Resy with Claude for restaurant bookings. In a statement, AmEx said: “By connecting with conversational AI tools like Claude, Resy is helping to meet that need by surfacing available tables at just the right moment, connecting more restaurants with more diners.”
🇺🇸 Inter Miami CF and Shift4 announce partnership to enhance fan experience at Nu Stadium. As part of the partnership, Shift4’s payment technology now powers ticketing and concession purchases throughout the 26,000-seat stadium, delivering a seamless and efficient experience for thousands of fans from the moment they arrive through the final whistle.
🇺🇸 Nu and Mercedes-AMG PETRONAS F1 Team unveil one-of-a-kind race suits and special activation for the 2026 Miami Grand Prix. Drivers George Russell and Kimi Antonelli will wear three different suits across the race weekend, all purple, each encoding a chapter of Nu's story.
🌍 Tether collaborates with Fasset to launch the first gold-backed Visa card and ATMs globally. The card will operate on the Visa network, enabling users to spend USD at all merchant stores worldwide that accept Visa cards, while earning up to 6% cashback in XAU₮ on eligible transactions.
DONEDEAL FUNDING NEWS
🇮🇳 Oolka raises ₹130 Cr in Series A led by Accel. After this funding, the company is now valued at around ₹730 crore ($87.6 million), which is a big jump from its $7 million seed round in September 2025. Read more
🇺🇸 Goldman Sachs leads $60M Series C for personal loan FinTech Kashable. Kashable partners with employers to provide employees with a suite of financial wellness services, including credit monitoring, financial coaching, and affordable credit.
🇦🇪 Comfi raises $65m to finance Mena expansion plans. The new funding will support Comfi’s next stage of growth, including scaling its underwriting and risk capabilities, expanding its product offering, and accelerating growth across key regional markets.
🇸🇬 PvX Partners raises $10.5M Series A for non-dilutive growth capital. The Series A capital will go toward hiring and expanding the team's capacity to evaluate more deals. The firm also plans to pour resources into refining PvX Lambda, presumably to sharpen its ability to separate good bets from money pits.
M&A
🇮🇳 Pine Labs acquires Shopflo to build India’s leading unified commerce and payments platform. The deal enhances Pine Labs’ ability to unify online and offline merchant experiences, improving checkout performance and conversion rates while expanding its fast-growing online payments business.
MOVERS AND SHAKERS
🌏 Visa appoints Suresh Sethi as Group Country Manager for India and South Asia. In this role, Sethi will lead Visa's strategy and operations across India, Bangladesh, Sri Lanka, Nepal, Maldives, and Bhutan, the company said in a statement.
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