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Possible Finance raises $10.5 million

Seattle based subprime consumer lending startup has raised $10.5 million in venture funding, led by Canvas Ventures.

Rebecca Lynn, managing partner with Canvas Ventures, said that the two-year-old outfit is doing what she “thought was impossible.” She added that it is “helping people on the lower end of the credit spectrum improve their financial outlook without being predatory.”

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consumer lending, subprime, seattle