Solo Funds

CEO: Travis Holoway Lead Investor: Marlon Nichols

SoLo is a mobile-based lending exchange connecting lenders and borrowers for the the purpose of providing more affordable access to loans under $1,000. Lenders determine a borrower’s creditworthiness using SoLo’s proprietary social credit score. The SoLo Score assesses a borrower’s ability to repay a loan on a specific date which is contrary to the FICO scores analysis of someone’s ability to make multiple payments over a long duration of time. Loans on the platform range between %50-$1000. Lenders can make returns on lent dollar amounts. Borrowers can solve their emergency cash needs without taking predatory payday loans. SoLo is poised to solve the needs of the 78% of American workers that live paycheck to paycheck and the 47% of Americans that cannot solve a $400 emergency cash need without borrowing or selling a personal asset.

Latest Company Updates

Industry Coverage

These 2 Black founders aim to offer a fairer alternative to payday loans

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LA Peer-to-Peer Lending App SoLo Funds Raises $10M

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LA-based SoLo Funds raises $10 million to offer an alternative to predatory payday lenders

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Established® Announces SoLo Funds Wins Startup of the Year at the 8th Annual Startup of the Year Summit

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Visa expands its Fast Track program

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SoLo Funds Featued in Inclusive Fintech 50’s 2020 Cohort of Fintech Startups Driving Financial Inclusion and Resilience

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21 Apps Like Earnin (Payday Apps That Make Life Easier)

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Solo & Kiva – Partnering to Strengthen the Capital Ladder for Financially Excluded Americans

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Solo Funds Admitted to Visa’s Fast Track Program

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Online lending platform SoLo Funds opens spigot on interest-free peer-to-peer microloans for cash-strapped Americans

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How 5 women leaders in LA tech are changing their industries

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SoLo Funds reaches $2 million worth of loan transactions in 11 months

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P2P Lender SoLo Funds Announces Mastercard Integration to Expand Access to Affordable Loans

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Solo Funds Poaches Tala Co-founder and Relocates to LA

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How Digital Disbursement Tools Are Changing Low-Dollar Lending

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Solo Funds Is Hiring

Available Positions