Possible Finance Raises $10.5 Million

Rebecca Lynn is a managing partner at Canvas Ventures and was also an early investor in LendingClub; she is leading a $10.5 million investment in Possible Finance, a Seattle based startup; the company targets consumers with lower credit scores in hopes to help them improve their financial situation without causing harm; the company uses transaction history to make an underwriting decision through their mobile app; funds are transferred instantly with loans paid over two months; loans are available of up to $500 and payments are reported to the credit agencies in order to help build credit. Source

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