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Possible Finance Secures Additional $20M

2022-05-05
SEATTLE, WA, Possible Finance an additional $20 million in equity funding,
Possible Finance (Possible), the mission-driven fintech company that offers life-changing financial services for underserved consumers, announced an additional $20 million in equity funding, key executive hires and the launch of their new credit card and cash advance products - Possible Card and Possible Cash.

The financing round includes existing investors Union Square Ventures, Canvas Ventures and Unlock Venture Partners, as well as new investor Euclidean Capital. Possible has also recently partnered with Coastal Community Bank, Member FDIC, to accelerate the development and scale access to these critical new products. The bank partnership with Coastal is a critical component of Possible's growth strategy, enabling the company to design and build more innovative products at scale.

Possible Finance is on a mission to help communities break the debt cycle and unlock economic mobility for generations to come. The company provides an opportunity for any customer, regardless of their credit score, with quick and affordable access to capital and a guided path toward long-term financial health. Founded in 2017, Possible is recognized by consumer advocacy groups and customers alike as a leader in shaping the future of financial services to be equitable and affordable for all.
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