This Seattle fintech startup just raised $11M on Zoom and shifted to a fully distributed workforce



Diego Mariscal, Anne Balsamo posing for a photo: The Possible Finance team, before social distancing. (Possible Finance Photo)


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The Possible Finance team, before social distancing. (Possible Finance Photo)

Possible Finance was growing fast and ready to raise more venture capital. Then COVID-19 hit.

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“It immediately made fundraising much more difficult than anticipated,” said Tony Huang, CEO and co-founder of the 3-year-old startup that runs a high-tech small loan service.

But the company ended up connecting — over Zoom calls, no less — with New York-based Union Square Ventures, which eventually led a $11 million round for Possible. It was the first deal the well-known firm completed over video conferencing.

Possible announced the new funding Tuesday, along with $80 million in debt financing from Park Cities Advisors to help supercharge its business.

Founded in 2017, Possible offers loans of up to $500 and is similar to payday lenders, but with some differences. Borrowers have more time to pay back the money in installments

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