Possible Finance is a technology company.
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 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.
Possible Finance has raised $44.0M across 4 funding rounds. Most recently, it raised $20.0M Venture Round in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $20.0M Venture Round | 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 | |
| May 1, 2020 | $11.0M Series B | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | |
| Apr 1, 2019 | $11.0M Series A | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright | |
| Sep 1, 2018 | $2.0M Seed | Golden Ventures, Long Journey Ventures, Sweet Capital, Larry Braitman, Lawrence Braitman, Todd Rovak, Trevor Wright |