“Can a mission-driven fintech build a full financial health platform — combining small-dollar credit, earned wage access, and credit-building tools — for the 100M+ Americans locked out of traditional banking?”
Founded as a mission-driven alternative to payday lending, Possible Finance built a small-dollar installment loan (up to $500) for consumers with poor or no credit, underwritten using bank account data rather than traditional credit scores. Starting with direct lending licenses in select states, the company expanded nationally by partnering with Coastal Community Bank as a sponsor bank for states where it lacks direct licenses. In 2024, Possible broadened beyond its core loan into earned wage access (Advance) and a Bill & Rent credit-building product, positioning itself as a broader financial health platform for underserved Americans. The company operates as a Public Benefit Corporation, emphasizing economic mobility alongside returns.
Possible Finance discloses Coastal Community Bank (sponsor bank) as its banking provider, with Coastal Community Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Possible Finance does not disclose a bank charter of its own; its banking services are provided through Coastal Community Bank.
Possible Finance moves money over ACH.
Possible Finance connects to bank accounts through Plaid.
The Embedded Finance Index 2026 maps 5 layers in Possible Finance's stack: Money movement (ACH); Banking / BaaS (Coastal Community Bank (sponsor bank)); Lending (Possible Loan – installment loan up to $500, repaid over time, Possible Advance – earned wage access up to $300 and Bill & Rent – credit-building via bill payment reporting); Open banking (Plaid); Sponsor bank (Coastal Community Bank).
Possible Finance is founded in 2017 and headquartered in Seattle, WA.
Possible Finance has raised $20M+ equity in total (latest round: Series B (equity), 2023).
Get a read on where your own stack stands against Possible Finance and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.