About Possible Finance
Possible Finance is a company based in Seattle (United States) founded in 2017.. Possible Finance has raised $49.56 million across 10 funding rounds from investors including Canvas Ventures, Columbia Pacific Advisors and FJ Labs. Possible Finance operates in a competitive market with competitors including Moneylion, SoFi, Avant, Oportun and LendingPoint, among others.
- Headquarter Seattle, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.56 M (USD)
in 10 rounds
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Latest Funding Round
$20 M (USD), Series B
May 03, 2022
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Investors
Canvas Ventures
& 12 more
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Employee Count
Employee Count
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Software Development Team
16 people
Sales and Marketing
6 people
Data Analysis and Operations Team
6 people
Legal and Compliance
6 people
Senior Team
4 people
Leadership Team
3 people
Creative and Marketing Team
3 people
Advisor Team
2 people
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Funding Insights of Possible Finance
Possible Finance has successfully raised a total of $49.56M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $20.0M
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First Round
First Round
(30 Nov 2017)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Possible Finance | Valuation | Union Square Ventures , Canvas Ventures |
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| Oct, 2020 | Amount | Debt – Conventional - Possible Finance | Valuation |
investors |
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| Oct, 2020 | Amount | Series B - Possible Finance | Valuation | Union Square Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Possible Finance
Possible Finance has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Canvas Ventures, Columbia Pacific Advisors and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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VC firm making early stage investment in tech companies in the US
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Founded Year | Domain | Location | |
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Seed-stage tech entrepreneurs are supported through venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Possible Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Possible Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Possible Finance Comparisons
Competitors of Possible Finance
Possible Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moneylion, SoFi, Avant, Oportun and LendingPoint, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant consumer loans and mobile banking are offered online.
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| domain | founded_year | HQ Location |
Various consumer loans and financial services are offered online.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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| domain | founded_year | HQ Location |
Personal loans are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Possible Finance
Frequently Asked Questions about Possible Finance
When was Possible Finance founded?
Possible Finance was founded in 2017.
Where is Possible Finance located?
Possible Finance is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Possible Finance a funded company?
Possible Finance is a funded company, having raised a total of $49.56M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $80M, raised on Nov 30, 2017.
What does Possible Finance do?
Possible Finance was founded in 2017 in Seattle, United States, and functions as an online platform within the consumer lending sector. Loan products such as payday loans, credit builder loans, and installment loans are provided, along with tailored terms, amounts, and repayment schedules. Credit reports featuring real-time improvement alerts are included. User details are submitted for applications, after which approved funds are deposited into linked bank accounts.
Who are the top competitors of Possible Finance?
Who are Possible Finance's investors?
Possible Finance has 13 investors. Key investors include Canvas Ventures, Columbia Pacific Advisors, FJ Labs, Unlock Venture Partners, and Seattle Bank.
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