What is Possible Finance?
Possible Finance operates within the burgeoning fintech sector, providing accessible online loans through a user-friendly mobile application. The company's core mission is to democratize financial services by offering a streamlined and efficient lending process. By leveraging technology, Possible Finance addresses the needs of individuals seeking convenient and rapid access to capital, positioning itself as a key player in the digital lending landscape. The company's focus on mobile-first solutions reflects a broader industry trend towards digital transformation in financial services.
How much funding has Possible Finance raised?
Possible Finance has raised a total of $56.3M across 5 funding rounds:
Multiple Rounds
$25.3M
Series B
$11M
Unspecified
$20M
Other Financing Round (2019): $4.3M with participation from Unlock Venture Partners, Andy Liu, and Columbia Pacific Advisors
Series A (2019): $10.5M led by Columbia Pacific Wealth Management, Union Bay Partners, and Unlock Venture Partners
Unspecified (2019): $10.5M supported by Rebecca Lynn
Series B (2020): $11M featuring Union Bay Partners, Canvas Ventures, Union Square Ventures, Unlock Venture Partners, FJ Labs, Tom Williams, and Columbia Pacific Advisors
Unspecified (2022): $20M, investors not publicly disclosed
Key Investors in Possible Finance
Canvas Ventures
Canvas Ventures is a boutique firm for visionary builders, leading Series A investments in transformative companies. They focus on fintech, digital health, marketplaces, and logistics, employing a thesis-driven approach to identify and secure fields ripe for disruption.
Union Square Ventures
Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes, focusing on innovative companies poised for growth.
Unlock Venture Partners
Unlock Venture Partners is a premier early-stage venture fund focusing on tech investments in Seattle and Los Angeles, aiming to support entrepreneurs and mature local tech markets.
What's next for Possible Finance?
The recent major strategic investment in Possible Finance signals a pivotal moment for the company, likely enabling further expansion of its lending operations, technological enhancements, and market reach. This infusion of capital, coupled with the company's established track record, suggests a strategic push towards scaling its services and potentially exploring new product verticals. The enterprise-level backing indicates confidence from investors in Possible Finance's business model and its capacity to capture a significant share of the digital lending market. Future developments may include strategic partnerships, geographic expansion, and continued innovation in credit accessibility.
See full Possible Finance company page
