Employee Benefit News Names Kashable Founder Rishi Kumar a Top 50 Benefit Technology Innovator

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2016 Dig|Benefits Awards Recognize Industry Visionaries

Kashable® is a socially responsible financing solution for employees, offered as an employer-sponsored voluntary benefit program.

I’m honored to be recognized as an Employee Business News “Top 50 Benefit Technology Innovator.

Kashable today announced that Employee Benefits News has named Kashable Co-Founder Rishi Kumar, a Top 50 Technology Innovator. Rishi Kumar is being recognized with a 2016 Dig|Benefits Award for the ideation and engineering of Kashable’s revolutionary financial wellness and lending technology platform for employees. Winners will be honored at the Dig|Benefits conference May 19-20 in Austin, Texas.

The 2016 Dig|Benefits Awards recognize visionaries in the field of employee benefits technology and are granted to innovators who are on the leading-edge of technology development, adoption and deployment. To select the winners, the editors asked readers for nominations, consulted with industry experts and called on their own industry knowledge to select select individuals who are making breakthroughs in digital benefits.
 
As an MIT computer scientist and a former derivatives trader on Wall Street, Rishi Kumar combined the engineering techniques he developed in analyzing big data, with cutting edge financing and underwriting to create Kashable, a cloud-based solution that enables instant access to affordable on-demand credit broadly available to every American worker. An alternative consumer lending solution, Kashable is designed to provide affordable credit to US employees through technology platforms including payroll companies, private healthcare and benefit exchanges and Professional Employer Organizations.

Kashable addresses the growing need for financial wellness programs on the job. With more than 80% of American businesses offering high-deductible health plans and about 50% of employees saying they will need to borrow from a 401K or use a credit card to cover unexpected medical expenses, Kashable offers an innovative solution that ties well into the benefit world.
 
“I’m honored to be recognized as an Employee Business News “Top 50 Benefit Technology Innovator,” said Rishi Kumar, Co-Founder of Kashable. “The entire Kashable team feels rewarded every day, knowing that Kashable is providing millions of dollars in low-cost financing that helps empower thousands of employees in all walks of life, by allowing them to better fund their healthcare expenses, and manage emergencies, while preserving and protecting their retirement accounts.”
 
Kashable’s technology is currently deployed nationwide by employers from teacher organizations to manufacturing facilities, transportation companies and insurance brokers.

About Kashable
Kashable® is a socially responsible financing solution for employees, offered as an employer-sponsored voluntary benefit program. With Kashable, employees apply online and take low-cost term loans instantly, then repay them automatically through equal installment payroll deductions or direct deposit accounts. Kashable is transforming the way working America accesses credit. For more information, visit http://www.kashable.com. 

Kashable is a registered trademark. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

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Jennifer Schenberg
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