Possible provides friendly access to capital and a simple way for consumers to build credit, targeting people who would otherwise use payday loans or incur overdraft fees. The company qualifies customers using real-time financial data rather than credit scores and delivers funds instantly through its iTunes and Android apps. Loans are paid back in small installments across multiple pay periods, and Possible reports on-time payments to credit bureaus to help users build credit history. On average, customers with low credit scores see their scores increase by 70 points within four months. Possible recently raised $11 million in equity and secured $80 million in debt financing to expand the team and develop additional products. The company is fully remote, has onboarded software engineers from across the U.S. and the globe, and is actively recruiting for other remote roles.

Total raised

$91M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2020