Possible, a mobile platform that is improving financial fairness for Americans, has closed its Series B round on $11m.
Union Square Ventures led the round, with contributions also coming from Canvas Ventures, Unlock Venture Partners, Columbia Pacific Advisors, Union Bay Partners, Tom Williams and FJ Labs.
In addition to the equity round, the FinTech has received $80m in debt financing from Park City Advisors.
With the debt and equity in its pockets, Possible plans to grow its team and reach more customers impacted by the pandemic. The company claims to have “fully transitioned” to remote work, having made its Seattle office into a co-working space.
The FinTech platform offers Americans access to payday loans, with the ability to borrow up to $500, despite having bad credit.
Possible claims to have distributed hundreds of thousands of loans to customers since the platform launched in June 2018.
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