Fintech | Seattle

Possible Closes $11 Million Series B for Flexible Loans and Credit Building

Possible, a finance company using real-time financial data, rather than a credit score, to qualify and provide funds through their apps to customers with a poor credit score, closed an $11 million Series B led by Union Square Ventures. Existing investors, Canvas Ventures, Unlock Venture Partners, Columbia Pacific Advisors, Union Bay Partners, Tom Williams, and FJ Labs also participated. The company has also secured $80 million in new debt financing from Park Cities Advisors. Funding will be used for team expansion and for new products. [Full story]