# Possible Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/possible-financial

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.possiblefinance.com
- Total disclosed funding: $43M
- Latest round: Series C (May 3, 2022)
- Investors on record: 8

## About

Possible Financial Inc. is a financial technology company focused on providing accessible lending solutions to underserved markets, offering transparent products like loans and credit cards to promote financial stability.Founded in 2017, Possible Financial Inc. operates from Seattle, US, focusing on providing innovative financial solutions. The company has executed a total of 9 deals, with its most recent funding round being Series C, where it raised USD 20.00 mn on May 3, 2022, from investors including Canvas Ventures, Euclidean Capital, and Union Square Ventures. The founding team includes Tony Huang, Prasad Mahendra, and Tyler Conant, with Tony Huang serving as the CEO.Possible Finance specializes in providing accessible financial solutions through its core offerings: the Possible Loan, Possible Card, and Possible Advance. The Possible Loan allows customers to obtain up to USD 500 instantly with flexible repayment terms and no hidden fees. The Possible Card provides users with a credit limit of either USD 400 or USD 800, helping users access funds and build their credit history. These products primarily target underserved markets across various states in the U.S., including California, Texas, Florida, and Ohio, catering to individuals with limited access to traditional banking services.Possible Finance generates revenue through its loan products and associated fees in a transparent manner. Clients seeking a Possible Loan pay a flat monthly fee with clearly outlined terms to avoid any surprise costs. Additionally, the Possible Card has a pricing structure where customers pay a nominal fee, such as USD 8 for a USD 400 credit limit, without accruing additional interest charges. The streamlined application process allows users to apply online, with approvals granted within minutes, enhancing their financial health and providing clarity in their financial obligations.In May 2022, Possible Financial Inc. raised USD 20.00 mn in Series C funding, which will be utilized to grow and expand its team. The company plans to develop new products and enhance its service offerings to better meet customer needs. Possible Finance is also focused on expanding its reach into additional underserved markets across the U.S., aiming for broader accessibility to its financial services.

## Funding rounds

- Series C, May 3, 2022, $20M — Union Square Ventures, FJ Labs, Canvas Prime, Euclidean Capital, Unlock Venture Partners
- Series C, Jul 2, 2021 — FJ Labs
- Series B, Oct 20, 2020, $11M — Union Square Ventures, Columbia Pacific Advisors, Union Bay Partners, FJ Labs, Canvas Prime, Unlock Venture Partners
- Series B, May 22, 2020 — FJ Labs
- Series A, Apr 19, 2019, $11M — Columbia Pacific Advisors, Union Bay Partners, Canvas Prime, Unlock Venture Partners
- Seed, Aug 27, 2018, $1.7M — Union Bay Partners, FJ Labs, Hustle Fund, Unlock Venture Partners

## Investors

- Union Bay Partners (https://capitalatlas.ai/funds/union-bay-partners) — Seed, Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series B, Series C
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Unlock Venture Partners (https://capitalatlas.ai/funds/unlock-venture-partners) — Seed, Series A, Series B, Series C
- Columbia Pacific Advisors (https://capitalatlas.ai/funds/columbia-pacific-advisors) — Series A, Series B
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series A, Series B, Series C
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series B, Series C
- Euclidean Capital — Series C