Possible Finance

Possible Finance provides loans of $50 to $500 in 33 states, primarily to low-income consumers where payday lending is permitted. It serves as a more flexible alternative because payments can be split into multiple installments and rescheduled up to 29 days from the original date. Loans have a flat fee that varies by state. On average, Possible charges 20% of the principal borrowed. In 2025, it launched Cash Advance, for loans of up to $300 in 10 states. It costs $15 per month through a membership, which includes rent and bill reporting to improve credit. Advances carry no interest, no late fees and no penalty fees. Funding: $55 million from Canvas Prime, Union Square Ventures and Euclidean Capital, among others. Latest valuation: $250 million. Date of last valuation: January 2022. Bona fides: Possible Finance has funded 1.5 million unique customers since its 2017 founding, and 700,000 unique customers received at least one loan in 2025, up from about 500,000 the year prior. Revenue grew to $101 million in 2025 (with a net profit of $3 million), up from $69 million in 2024. Cofounders: CEO Tony Huang, 35; CTO Tyler Conant, 45; Prasad Mahendra, 47, formerly vice president of engineering, now an advisor. All three cofounders previously worked at public-safety technology company Axon on body cameras for police officers.

possiblefinance.com

HQ: Seattle, Washington, United States

200

Finance

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Possible Finance is a Seattle-based fintech and Delaware Public Benefit Corporation focused on improving financial health for underserved consumers. Its products provide small-dollar credit, cash advances, bill and rent reporting, and credit-building tools through a mobile app, with an emphasis on repayment flexibility and transparent fees.

Primary product

Possible Loan: a small-dollar installment loan that uses bank cash-flow data rather than a traditional FICO score for underwriting, provides installment repayment, and reports payments to credit bureaus.

Founded

2017

Headquarters

1425 4th Ave, Suite 1000, Seattle, Washington 98101, United States

Team size

100-150 globally; approximately 50 in Seattle, reported May 2026

Work style

Hybrid

Industry

Financial services

Sub-industry

Fintech; alternative consumer lending; credit building

Offices

Seattle, Washington, United States

Remote employees across the United States

Philippines

Brazil

Mexico

Morocco

Business model

Direct and partner-originated consumer lending

Small-dollar installment loans

Cash advances

Subscription or membership financial products

Credit and bill/rent reporting

Funding

Stage

Later-stage private company / post-Series C; generating revenue

Total raised

$147.5M

Latest round

Series C / venture equity round · May 2022

Latest amount

$20M

Series C / additional equity financing

May 2022 · Existing investors including Union Square Ventures, Canvas Ventures, and Unlock Venture Partners; Euclidean Capital joined as a new investor

$20M

Additional venture equity round / Series C extension classification

May 2022 · Canvas Ventures, Euclidean Capital, FJ Labs, Hustle Fund, Union Square Ventures, and Unlock Venture Partners

$20M

Series B

Oct 2020 · Union Square Ventures

$11M

Debt financing

Oct 2020 · Park Cities Advisors

$80M

Series A

Jun 2019 · Canvas Ventures

$10.5M

Credit facility / debt

Apr 2019 · Park Cities Asset Management

$30M

Seed

Feb 2019 · Unlock Venture Partners and other early investors

$4.3M

People & investors

Leadership

Tony Huang

Co-Founder & Chief Executive Officer

Tyler Conant

Co-Founder & Chief Technology Officer

Prasad Mahendra

Co-Founder; returned in 2026 to lead AI initiatives

Harsha Srinivas

Chief Financial Officer

Ellen Falbo

Chief Credit Officer

Meghan Bowen Frazer

Chief People Officer

Craig Anderson

General Counsel

Jon David

Chief Product Officer

Tracie Hlavka

Vice President of Engineering

Bobby McCarty

Chief of Staff

Investors

Altra Venture Partners

Andy Liu

Canvas Ventures

Columbia Pacific Advisors

Euclidean Capital

FJ Labs

Hustle Fund

Park Cities Asset Management

Union Square Ventures

Unlock Venture Partners

Work & culture

Mission-driven, ownership-oriented, and relatively high-autonomy. The company emphasizes financial fairness, customer impact, challenging the status quo, transparency, collaboration, experimentation, and leadership from any seat. Engineering leadership highlights clarity of context, finishing work, continuous learning, infrastructure investment, and practical use of AI tools. Seattle employees currently work in the office three days per week, while remote employees join company gatherings twice annually.

Work style

Hybrid

Visa sponsorship

Limited

Compensation

Public job postings have shown competitive Seattle compensation, equity, bonuses, and benefits. A senior backend engineering posting listed approximately $175,720-$191,000 plus stock options and a bonus. Public Department of Labor records indicate certified PERM filings and H-1B/LCA salary records for several engineering, product, data, and marketing roles, but sponsorship should be confirmed for each position.

Benefits

Medical, dental, and vision coverage

401(k) with company match or contribution

HSA/FSA access

Employer-paid life and disability insurance

Performance bonus

Equity or stock options managed through Carta

Discretionary or flexible paid time off

Paid parental leave, including adoption and fostering support

Annual wellness allowance

Home-office and equipment stipend

Learning and professional-development fund

Seattle office meals and commuter benefits

Relocation assistance on a case-by-case basis

Twice-yearly gatherings for remote employees

Product & market

Pricing

Product- and state-specific fees, interest, or membership charges. Possible markets zero hidden fees, no tipping, no late fees for certain products, and transparent pricing; loan pricing can nevertheless produce high APRs depending on state and product. Possible Advance advertises advances up to $300 with a membership option and no instant-transfer fee in the advertised offer.

Differentiators

—Cash-flow underwriting through proprietary PossibleAI rather than relying solely on FICO scores
—Installment repayment instead of a single lump-sum payday-loan repayment
—Payment reporting intended to help customers build credit history
—Repayment-date flexibility and hardship-oriented features
—Public Benefit Corporation structure with an explicit social-impact purpose
—Mobile-first application and rapid funding
—Combination of lending, advances, credit-building, bill/rent reporting, and financial-health products

Technology

PossibleAI proprietary machine-learning and cash-flow underwriting engine

Machine learning for underwriting, fraud detection, and customer support

Bank-transaction and cash-flow data integrations

Java

Spring Boot

Microservices

Ruby on Rails

Python

AWS

Linear

GitLab

Notion

Slack

Framer CMS

Customers

More than 500,000 customers reported in 2022

More than 1.6 million unique individuals reported in 2026 company and executive communications

Consumers underserved by traditional credit systems and seeking emergency cash or credit-building products

Competitors

Kikoff

Happy Money

Self

SoLo Funds

Fig Loans

OppLoans

NetCredit

Moneytree

Advance America

Cashco Financial

Scale & contact

Estimated revenue

Approximately $100M-$150M annualized revenue/run-rate based on company and press disclosures: $101M reported for 2025 in secondary coverage, a $125M run rate reported in December 2025, and more than $130M reported by early 2026. Older commercial databases show materially lower estimates and should be treated as stale or unreliable.

Estimated monthly visits

248.7K

Traffic estimate as of Jun 2026

Signals & risks

Layoff

Jan 2022

Possible reportedly cut more than one-third of its workforce during a pandemic-era period of flat growth and regulatory and credit-risk challenges.

Source

Other

Oct 2020

The company moved fully remote during the pandemic and raised both equity and substantial debt financing, increasing operating and financing complexity.

Source

Other

May 2026

Possible's CEO described an earlier period in which the company scaled too quickly and underinvested in credit-risk management and regulatory compliance; the company subsequently rebuilt its operations and reported a return to profitability.

Source

Latest news

Possible Finance appoints new Chief Product Officer

Built In Seattle · Jul 2026

Reports Jon David's appointment as Chief Product Officer, adding product leadership experience from Microsoft and Electronic Arts.

Possible Finance rebounds, rebuilds, and reaches profitability as founders reunite for a new chapter

GeekWire · May 2026

Reports that Possible reached a roughly $125M revenue run rate, achieved its first annual profit, rebuilt after 2022 layoffs, expanded its Seattle presence, and brought co-founder Prasad Mahendra back to lead AI initiatives.

Inside the Engineering Team Culture at Possible Finance

Built In · Mar 2026

Interview with VP of Engineering Tracie Hlavka covering engineering organization, hiring, ownership, clarity, AI-assisted workflows, Linear/GitLab/Notion/Slack usage, and the planned expansion of the engineering team.

PossibleAI: How Our Technology Makes Borrowing Possible For More People