Our story
Building a system that puts you first
Why we started Possible
Our founders saw a problem and wanted to be a part of the solution
Today, millions of Americans feel that they can’t get ahead financially no matter how hard they work. They feel hopeless, undervalued and stuck. That’s because the existing financial system is designed to keep people in debt. From predatory payday lending to overdraft fee revenue for big banks, the incentive is stacked against well-intentioned borrowers. Every time someone needs more time to pay, these lenders make money—it’s how they do business.
At Possible, we’re building a new kind of consumer finance company. One that’s structured to align incentives for both the customers and the company. We believe you should be able to borrow what you need, and pay it back over time. You shouldn’t pay penalty fees when your payment fails, or you need a little extra time to catch up. It’s not how the other companies are doing things—and we think that’s a good thing.
Since day one, we have never charged penalty fees, like late fees and insufficient funds fees. In fact, we’ve saved customers over $500 million because we don’t do this. Instead, it’s our mission to provide tools that help you achieve economic mobility.
To put it simply:
When you win, we win.
2017
Possible founded
In the fall of 2017, our founders got together with a shared vision for accessible, affordable and benefit-driven financial services.
2019
First 120,000 Possible loans
We celebrated our first milestone with our growing team in the Seattle office.
2020
$11M Series B
In 2020, Union Square Ventures has joined our mission by leading an $11M Series B. Existing major investors also participated in the round. We were able to grow our team rapidly and serve as many customers as we possibly could during the ongoing pandemic.
2022
Possible Card launches
With a waitlist of over 150,000, we launched the Possible Card, which jettisoned traditional credit card company tactics to create a product that is aligned with our customer’s long-term interests.
2024
Reached major milestones
Each and every Possible Loan represents a moment in someone’s life when Possible provided a way out of a financial pinch. Whether it was to cover an unexpected expense, manage daily needs, or build credit history, our loans have made a tangible difference in the lives of millions.
Big problems deserve new solutions
37% of Americans can’t afford a $400 emergency
Source: Federal Reserve
78% of Americans live paycheck to paycheck
Source: Payroll.org
Most payday loan customers pay more in fees than the entire amount they first borrowed
Source: PEW Charitable Trusts
Banks made $5.83 billion from overdraft and insufficient funds fees in 2023
Source: CFPB
Our impact
Yep, we did the math. That’s a combination of the many penalty fees, late fees, insufficient funds fees and other hidden charges that line the pockets of our competitors.
How we got this number: We review fee and payday loan usage information from state regulatory agencies to calculate how much we have saved our customers in fees. The savings amount is based on the maximum fees Possible could have charged customers over the typical payday loan term, including late fees and insufficient funds fees. Your individual results may vary depending on factors like where you live.
Our values
Serve with Empathy
We put ourselves in each other’s and our customers’ shoes—and we put their needs above our own.
Collaborate with Trust
We trust our customers and our colleagues so that we can do what is possible together.
Act with Ownership
The future and success of our company, our customers, is in our hands. We act accordingly.
Grow with Intellectual Honesty
Setting aside personal beliefs and biases, we unearth the truth by staying inquisitive and grounded by facts.
Succeed with Grit
Our customers have endless grit. It’s our duty to serve them with an unwavering commitment to our mission.
Careers
Our mission
It’s our mission to end the debt cycle and help you unlock economic mobility
We know that access to credit and financial tools shouldn’t be limited to a select few.
Public Benefit Corporation
Join the team providing access to credit for millions
From building the app to supporting our customers, there’s a lot of work to do—and we need exceptional talent to do it.