SoLo Funds
Community finance platform where members step up for one another.
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- Founder
- Travis Holoway and Rodney Williams
SoLo Funds operates a community finance platform where members can lend, borrow, and bank with each other on their own terms without mandatory fees. The platform offers three main services: lending opportunities for members to make an impact or return, borrowing options where users set their own terms, and banking services through the SoLo Wallet with features like debit cards and credit building tools.
The company was founded out of frustration with traditional financial services that lacked transparency, simplicity, and offered unfair terms to consumers. SoLo went back to basics by creating a community-centered approach where people could support each other financially, moving away from the predatory practices of conventional lending.
SoLo Funds matters because it provides an alternative to exploitative financial services by eliminating debt traps, compound interest, and rollover fees. The platform empowers individuals to achieve financial autonomy through community support, offering lender protection and personalized AI guidance through SoLo IQ to help members make better financial decisions.
Key benefits
Community Support
Members lend and borrow from each other, fostering a supportive financial community.
No Mandatory Fees
Borrow on your own terms, avoiding roll over fees and compound interest.
Improved Control
Lending members gain better data and transaction control through the SoLo Wallet.
Financial Autonomy
Empower yourself with opportunities to build credit and manage finances.
SoLo Funds creates impact through its peer-to-peer community finance model that eliminates predatory lending practices like compound interest, rollover fees, and debt traps. By allowing borrowers to set their own terms and offer voluntary tips instead of mandatory fees, the platform creates more equitable financial relationships between community members.
The company enables financial inclusion and autonomy by providing access to capital for underserved individuals while offering lenders the opportunity to make both social impact and financial returns. Through features like lender protection and credit building tools, SoLo helps members improve their overall financial health and break cycles of financial exclusion.
>2,576,262 loans funded; 2+ million downloads
Frequently asked questions
- What does SoLo Funds do?
- SoLo Funds operates a community finance platform where members can lend, borrow, and bank with each other on their own terms without mandatory fees. The platform offers three main services: lending opportunities for members to make an impact or return, borrowing options where users set their own terms, and banking services through the SoLo Wallet with features like debit cards and credit buildi…
- Where is SoLo Funds based?
- SoLo Funds is based in United States.
- What sector does SoLo Funds operate in?
- SoLo Funds operates in the Community Development sector.
- Who founded SoLo Funds?
- Travis Holoway and Rodney Williams
At a glance
Focus areas
Locations
Certifications
- Founded
- 2018
