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Goldman Sachs Alternatives just took the lead in Kashable’s $60 million Series C round, joining existing backers Revolution Ventures and EJF Ventures. Kashable says the cash will help it keep building its mission-driven fintech platform for working Americans — basically, credit products with a social-purpose wrapper.
Why investors should care
This isn’t Goldman buying Kashable, but it is Goldman putting its name at the front of the cap table. That matters because when a firm like Goldman leans into a private company, it’s often doing two things at once: chasing upside and signaling where it thinks the world is headed.
The bigger picture
Kashable is trying to solve an affordability problem that, annoyingly, has not gone out of style. If the company can scale, Goldman’s Alternatives arm gets exposure to a growthy fintech story while also reinforcing the bank’s broader push into private markets. In other words: less staid Wall Street suit, more venture-style moonshot hunting.
Big picture: Goldman may still make its money the old-fashioned way, but this deal shows it’s very happy to play venture capitalist when the story looks compelling enough.