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Possible Finance operates a financial technology platform that provides short-term loans and cash advances, positioning itself as an alternative to predatory payday lending. The company utilizes a mobile-first approach, offering accessible credit options that also aim to help users build a positive credit history, thereby fostering greater financial inclusion. This model allows individuals to secure necessary funds efficiently while working towards improved financial standing.
The company was founded in 2017 by Tony Huang, Tyler Conant, and Prasad Mahendra. Their collective insight stemmed from recognizing a significant gap in the financial system: a large segment of the population was underserved by traditional banks, often resorting to high-cost, detrimental lending products for emergency needs. They sought to create a more equitable and responsible lending solution, driven by a mission to address the cycle of debt for financially vulnerable consumers.
Possible Finance primarily serves individuals who may lack sufficient credit history or access to conventional credit products. The company's vision is centered on improving the overall financial health and stability for these customers, offering them a pathway to better manage unexpected expenses and build credit responsibly. They aim to empower users with tools and services that promote long-term financial well-being and greater economic opportunity.
Possible Finance has raised $44.0M across 4 funding rounds.
Possible Finance has raised $44.0M in total across 4 funding rounds.
Possible Finance is a fintech company that builds a lending platform offering small-dollar installment loans primarily to underserved and underbanked consumers who are often overlooked by traditional financial institutions. Its flagship product allows borrowers to access up to $500 instantly via a mobile app or website, with flexible repayment terms, no late fees, and transparent pricing designed to help users build credit responsibly. The company also plans to launch a credit card with no interest or late fees, only a flat monthly fee, further addressing the needs of consumers with limited or poor credit histories. Possible Finance serves millions of Americans who struggle to afford emergency expenses, aiming to break the cycle of predatory lending and promote financial health. The company has demonstrated strong growth momentum, recently raising $30 million in Series B funding, bringing total funding to over $55 million and a valuation of $200 million, positioning it for accelerated expansion[1][2][4][6].
Founded in 2017 and headquartered in Seattle, Washington, Possible Finance was created to address the widespread problem of financial exclusion faced by millions of Americans who cannot afford small emergencies and are often trapped by predatory payday loans. The founders, motivated by the need for a fairer lending alternative, developed a technology-driven platform that provides affordable credit with transparent terms and flexible payment options. Early traction came from the company’s ability to offer installment loans that help customers rebuild credit without hidden fees or penalties, gaining trust and market presence among underserved consumers. Over time, Possible Finance has evolved by expanding its product offerings, including the upcoming launch of a novel credit card product, and securing significant venture capital backing from investors such as Union Square Ventures and Canvas Ventures[1][2][3][4].
Possible Finance rides the growing trend of fintech innovation aimed at financial inclusion and alternative credit solutions for underserved populations. The timing is critical as millions face economic uncertainty and traditional credit products remain inaccessible or punitive. Market forces such as increasing smartphone penetration, regulatory scrutiny of payday lending, and consumer demand for transparent, fair financial products work in Possible Finance’s favor. By leveraging technology and data science, the company influences the broader ecosystem by setting new standards for responsible lending and empowering consumers to improve their financial health, thereby contributing to economic mobility and reducing reliance on predatory credit[1][4][5][6].
Possible Finance is well-positioned for continued growth and impact, supported by recent funding rounds and a clear mission to transform credit access for underserved consumers. The launch of its innovative credit card product could further disrupt traditional lending models by eliminating interest and late fees, appealing to a broad customer base. Future trends shaping its journey include increased regulatory focus on fair lending, advances in AI-driven credit risk assessment, and growing consumer preference for transparent financial services. As Possible Finance scales, its influence may extend beyond lending into broader financial health tools, reinforcing its role as a catalyst for economic inclusion and fairness in the fintech sector[1][4][6].
Possible Finance has raised $44.0M across 4 funding rounds. Most recently, it raised $20.0M Series U in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $20M Series U | — | Future Positive Capital, GE Ventures, Golden Ventures, Long Journey Ventures, Sweet Capital, Toyota Ventures, Union Square Ventures, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | Announced |
| May 1, 2020 | $11M Series B | — | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | Announced |
| Apr 1, 2019 | $11M Series A | — | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | Announced |
| Sep 1, 2018 | $2M Seed | — | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | Announced |
Possible Finance has raised $44.0M in total across 4 funding rounds.
Possible Finance's investors include Future Positive Capital, GE Ventures, Golden Ventures, Long Journey Ventures, Sweet Capital, Toyota Ventures, Union Square Ventures, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright.
