Total amount raised
Latest funding date
Location
Possible Finance offers a range of financial services designed to provide quick and flexible solutions, including loans, advances, and credit cards. The company emphasizes ease of access, flexible payment options, and the absence of hidden fees.
Keep reading to explore the intricacies of Possible Finance's fundraising journey and the investors backing this innovative platform.
What Is Possible Finance?
Founded in 2017, Possible Finance is a financial technology company that provides small-dollar installment loans with transparent terms, flexible repayment options, and no hidden fees. The company is incorporated in Delaware as a Public Benefit Corporation (PBC).
Operating within the FinTech industry, Possible Finance aims to help customers achieve economic mobility and improve their financial health. The company offers quick access to loans, advances, and credit cards, emphasizing ease of use and financial relief.
Possible Finance is headquartered in Las Vegas, NV, and is committed to transparency, customer protection, and social impact alongside its business goals.
How Much Funding Has Possible Finance Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: March 2018
- Lead Investors: Unlock Venture Partners, Columbia Pacific Advisors
- Series A
- Amount Raised: $10.5 million
- Date: June 2019
- Lead Investors: Canvas Ventures, Union Square Ventures
- Series B
- Amount Raised: $20 million
- Date: September 2020
- Lead Investors: Union Square Ventures, Canvas Ventures
- Series C
- Amount Raised: $25 million
- Date: January 2022
- Lead Investors: Union Square Ventures, Canvas Ventures
Possible Finance has raised a total of $57 million across all funding rounds.
Key Investors
- Unlock Venture Partners
- Details: Unlock Venture Partners is a venture capital firm that invests in early-stage technology companies. They focus on providing capital and strategic support to help startups grow.
- Investment Focus Areas: Technology, Software, Consumer Products
- Notable Investments: Possible Finance, Crowd Cow, Shelf Engine
- Columbia Pacific Advisors
- Details: Columbia Pacific Advisors is an investment firm that manages a diverse portfolio of assets. They specialize in alternative investment strategies.
- Investment Focus Areas: Real Estate, Private Equity, Credit
- Notable Investments: Possible Finance, Rad Power Bikes, Convoy
- Canvas Ventures
- Details: Canvas Ventures is a venture capital firm that invests in early to growth-stage technology companies. They are known for their hands-on approach to helping startups scale.
- Investment Focus Areas: FinTech, HealthTech, Marketplaces
- Notable Investments: Possible Finance, Zola, Roofstock
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm that invests in internet services and mobile applications. They have a strong track record of backing successful startups.
- Investment Focus Areas: Internet Services, Mobile Applications, FinTech
- Notable Investments: Possible Finance, Twitter, Etsy
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