The Work Index by Flexa

POSSIBLE

Possible Finance is a mission-driven fintech company providing fair and affordable financial products to underserved consumers.

6.7

/10

Transparency ranking

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Description

Possible Finance is a mission-driven fintech company dedicated to providing affordable and accessible financial services to underserved consumers. They offer a variety of products, including Possible Loans, which are designed as a fair alternative to payday loans, and Possible Cards, zero-interest credit cards with transparent monthly fees. They also have a Relief Plan for customers experiencing financial hardship and a strong commitment to building credit history for their customers.

Possible Finance believes in aligning their incentives with their customers' best interests. They don't charge late fees, penalty fees, or hidden fees, and they offer flexible repayment plans. They are a Public Benefit Corporation, meaning they are legally bound to consider the social impact of their business decisions alongside profits. Possible Finance is committed to making a positive difference in the financial lives of their customers and helping them build a brighter financial future.

Flexibility

Possible Finance offers a flexible work environment that allows employees to work from anywhere. They offer discretionary personal time off, paid parental leave, and a workspace allowance for home office enhancements. These benefits demonstrate the company's commitment to providing a work-life balance and empowering employees to manage their schedules and work arrangements according to their needs.

Remote

Benefits

Possible Finance offers a comprehensive benefits package designed to support its employees' well-being and financial security. This includes medical, dental, and vision insurance plans through national providers with an annual company contribution of $500 for individuals and $1,000 for families. Employees also have access to flexible spending accounts for healthcare and childcare, as well as disability, life, and accidental death and dismemberment insurance. A 401(k) plan, discretionary personal time off, holiday time off for the Week of Possibility and national holidays, and paid parental leave, including leave for fostering or adopting a child, are also provided. To support remote work, a workspace allowance for home office enhancements is offered annually.

Enhanced parental leave
WFA scheme

Mission

Possible Finance is a mission-driven fintech company that aims to disrupt the traditional financial system by offering fair and affordable financial products to underserved communities. Their mission is to help people break the debt cycle and unlock economic mobility, providing accessible loans and credit cards that prioritize long-term financial well-being over short-term profits. Possible believes that everyone deserves a path to a better financial future, regardless of their past credit history, and they are committed to building a more equitable and just financial system for all.

Data-driven
Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

Possible promotes a culture that centers around serving customers with empathy, collaboration built on trust, and a commitment to grit and ownership. They believe in creating a work environment where every team member feels empowered to contribute and own their work, while upholding the values of intellectual honesty and transparency. The company prioritizes a distributed and remote-first work model, fostering a flexible and inclusive environment that values individual contributions and the collective impact on the community.

Collaborative
Entrepreneurial
People-first
Progressive
Supportive
Transparent

DE&I

Possible Finance is committed to fostering a diverse, equitable, and inclusive workplace where all employees feel valued, respected, and empowered. They actively promote diversity in hiring, leadership, and company culture, prioritizing equitable opportunities and fair treatment for all individuals. This commitment extends to serving diverse communities through financial products and services that address systemic inequities in the financial industry.

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