Possible Finance

Possible Finance

Short-term cash advances and credit-building

Overview

Possible Finance provides cash advances up to $500 as an alternative to traditional payday loans, targeting financially underserved consumers who often have poor credit. It offers short-term loans designed to be more manageable, with the aim of helping borrowers build credit and avoid costly bank fees. The product works by offering a cash advance funded through a banking partner (Coastal Community Bank, Member FDIC); borrowers repay over a fair plan, with transparent pricing in the form of interest and fees. Possible Finance differentiates itself by focusing on credit building and transparent, fair terms rather than predatory lending, and by partnering with a bank to ensure safe access to funds. The company's goal is to guide clients toward better financial futures through accessible credit, clearer costs, and a path to improved financial health.

About Possible Finance

Simplify's Rating
Why Possible Finance is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$128M

Headquarters

Seattle, Washington

Founded

2017

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Simplify's Take

What believers are saying

  • GeekWire reported $125 million revenue run rate and first annual profit in May 2026.
  • Possible expanded to about 150 employees globally after 2022 layoffs cut over one-third.
  • Possible added AI leadership in 2026, including returning co-founder Prasad Mahendra, accelerating product iteration.

What critics are saying

  • Williams v. Possible Finance filed March 2026 alleges FCRA violations with Coastal Community Bank.
  • BBB lists 277 complaints over three years, including unauthorized payments and payment confusion.
  • Possible Card stopped accepting new applicants in 2026, signaling product contraction and focus risk.

What makes Possible Finance unique

  • Possible’s AI underwrites using bank cash-flow data, not FICO, as of 2026.
  • Possible Loans and Possible Advance target underserved borrowers with installments, not payday lump sums.
  • Possible’s Plaid-linked deposits reach 95% of customers instantly, strengthening the user experience.

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Funding

Total Funding

$128M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Hybrid Work Options

Stock Options

Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Possible Finance
Jun 11th, 2026
Need cash now? How Possible gets you money in under 60 seconds.

Need cash now? How Possible gets you money in under 60 seconds. Team Possible minute read * 94.5% of members see cash in their account in under 60 seconds. * Possible Financial Inc. is partnering with companies like Plaid who value security and seamless transactions. * Learn what Possible is doing to keep improving. When the unexpected happens, you need cash fast and now with Possible, you can get it even faster. You shouldn't have to wait when financial hardship hits, so Possible Financial Inc. has been working hard behind the scenes to improve its technology. A partnership | built for speed. By partnering with Plaid, your information stays secure and time is shaved off how long it takes from approval to money in your account. Plaid makes funding frictionless and speedy by using Real Time Payments, an always-on transaction that is almost instantaneous. What that means for you. It's so fast, in fact, that 94.5% of Possible members see cash in their account in under 60 seconds.* Now when groceries, medical bills, rent or any urgent need pops up, you can skip the stress of the waiting game. And that's the kind of support its members need and deserve. "A big part of financial hardship is the what if. What if I can't find the money to cover this essential bill? What if the bills stack up and I can never get back on track? At Possible, we're dedicated to eliminating that added stress of what-ifs and that means getting money into accounts in seconds. Not minutes - seconds. If we can alleviate even a second of stress, then we are freeing our members to focus on what's next, not what if." Scully Wan, Director of Product & Lifecycle Marketing at Possible "When we started lending in 2018, we only deposited money via ACH, which meant members got their money on the bank's timeline. It was a good first step, but it wasn't a big enough one. We knew the key to serving our community better was instant cash and today, we've made that a reality." Harsha Srinivas, Chief Financial Officer at Possible How your money deposits matter. Compared to Instant Delivery, Direct Deposits via ACH take longer. That's because it's dependent on the banks, so deposits lag on weekends. But Possible Financial Inc. is dedicated to figuring out how to keep money moving and Possible Financial Inc. is constantly investing in new solutions, so you're not on the bank's timeline. Fast deposits like Instant Delivery don't take weekends off. "Possible was created to serve those whom traditional financial systems would not. And we're never going to stop designing tools and products that open doors. Where traditional financial systems take time, we don't - speed, immediacy and ease are core needs of our members. We won't stop building until we've met all of those needs." Jonny Palmer, Director of Product Management at Possible. Why fast payments matter to Possible Financial Inc.. Its mission is to create fair and affordable financial services for those who need them most. And as a Public Benefit Corporation, Possible Financial Inc. not only have to be profitable but Possible Financial Inc. has to make a positive social impact. When Possible creates paths forward for its members that weren't there before, Possible Financial Inc. all win. When its product is faster and eliminates even one barrier to entry, Possible Financial Inc. both succeed.

Idea Usher
Jul 25th, 2024
Developing a Loan App like Possible Finance: A Step-By-Step Guide

Boasting over 750,000 downloads and a stellar 4+ star rating on the Google Play Store, Possible has also partnered with the reputable Coastal Community Bank to provide these financial tools to a wider audience.

Possible Finance
May 15th, 2023
Financial Literacy Month Recap: Expert credit advice with LiFT

That’s why Possible Financial Inc. is grateful to partner with LiFT in hosting sessions like these, and empowering its customers and their communities with the facts.

GeekWire
Jun 27th, 2022
Why Some High-Tech Lending Companies Aren’T Worried About Rising Interest Rates

(Possible Image). Rising interest rates caused by recent inflation may hurt traditional lenders, but some tech-fueled financial companies are seeing tailwinds

FF News
May 10th, 2022
Possible Finance: $20 Million In Equity Financing And New Executive Hires Will Support Continued Growth

Possible Finance announced today an additional $20 million in equity funding, key executive hires and the launch of their new credit card

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