Possible Finance
“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.