Possible Finance
Fair small-dollar loans and credit building without hidden fees
- Category
- Fintech & Web3
- Launched
- January 1, 2017
- Stage
- Growth
- Pricing
- freemium
- Founder
- Tony Huang, Prasad Mahendra, Tyler Conant
- Website
- possiblefinance.com
Possible Finance is a financial technology company offering small dollar loans and credit building products through a mobile app. Its core product is a loan of up to $500 that can be obtained instantly and repaid over time in installments. The company also provides an advance product that gives up to $300 from a user's next paycheck, and a bill & rent reporting service that helps build credit history by reporting everyday bill payments to credit bureaus. Possible uses AI to analyze bank transaction history instead of relying on traditional credit checks, and emphasizes transparent pricing with no late fees, penalty fees, or hidden charges. The app allows users to reschedule payments up to 29 days without a fee or credit impact.
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