Possible Finance Reaches $125 Million Revenue Run Rate and First Profit, Expands Seattle Office as Founders Reunite
Seattle fintech Possible Finance achieved a $125 million revenue run rate and its first annual profit after pandemic challenges, including layoffs. The company is expanding its Seattle office and reuniting its founding team, with co-founder Prasad Mahendra returning to lead AI initiatives.
2026 GeekWire CEO of the Year Finalists Announced Across Fintech, Climate, Real Estate, and AI
The 2026 GeekWire Awards CEO of the Year finalists include Tony Huang of Possible Finance and others leading innovations in fintech, climate tech, real estate, and AI. The awards event takes place on May 7, with voting open through April 16.
Possible Finance and Lending Club Thrive Amid Rising Interest Rates by Serving Underserved Markets and Leveraging Banking Charters
Some tech-driven lending companies like Possible Finance and Lending Club are benefiting or remaining stable despite rising interest rates, as they cater to underserved or recession-resistant markets and have diversified revenue streams. Possible Finance expects growth fueled by increased demand for consumer credit among lower-income Americans, while Lending Club's banking charter helps buffer economic downturn impacts.
Tony Huang
Tony is the Co- Founder and CEO of Possible Finance, a financial technology company fighting to make financial services accessible and fair for all. After graduating from Harvard University, Tony joined a civic technology company, Axon, that pioneered the idea of putting body cameras on police officers. This is also where he would meet his co-founders of Possible. They explored different ideas in how to use technology to serve lower income and minority communities where they came up with the idea that blossomed into what Possible Finance is today! See omnystudio.com/listener for privacy information.
Possible Finance raises $11M led by Union Square Ventures over Zoom and secures $80M debt to expand $500 loan app
Seattle fintech Possible Finance raised $11 million led by Union Square Ventures via Zoom and secured $80 million in debt from Park Cities Advisors to expand its small-loan app that offers up to $500 with installment repayments reported to credit agencies.
GeekWire Awards 2020 Goes Virtual; Ally Wins Startup of the Year as Bill Gates and Celebrities Celebrate
GeekWire held a virtual GeekWire Awards livestream honoring top Pacific Northwest tech companies and leaders across 12 categories, with winners accepting via Zoom and special video messages from figures like Bill Gates. Seattle startup Ally won Startup of the Year, and the event included entertainment such as The Drunken Tenorperforming an "Opera di Zoom."
Organizations
See all 5-
Possible Co-Founder & CEO 2017–present · current
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Axon Lead Product Manager 2014–2017, Head of Strategic Business Development 2013–2014, Leadership Development Program 2012–2013, Associate Product Manager 2011 · past
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Harvard University Idea Translation Fellow 2012, Research Assistant 2009–2010 · past
Education
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Harvard University A.B. · 2008–2012
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Boston Latin School 2002–2008
