SoLo Funds: Lend & Borrow

Solo Funds Inc.

About this app

SoLo is the community finance platform where our members step up for one another. We enable financial services for real people, powered by people. We back each other because we believe in each other.

It’s easy to sign up and become a member. As a SoLo member, you can access up to $575 (1) on your own terms or supply funds to make a social impact and return. You can also leverage our SoLo Wallet (2) as a pathway to financial autonomy.

Fun fact → SoLo won NBCUniversal’s LIFTOff Financial Impact Challenge

Here’s why thousands of members use SoLo…

ACCESS UP TO $575 ON YOUR OWN TERMS
We give you choice and control where others don’t. No credit checks. We come through for each other because we’re in this together.

EARN MONEY WHILE HELPING OTHERS
SoLo is a great way to make a social impact while also earning a return on your money. Our data driven tools allow you to verify and make smarter choices. Fund a request today. We’re people helping people.

Fun fact → SoLo won the 2022 Visa Everywhere DEI Contest amongst the nation’s best fintechs

SOLO PROTECTION
We’re in this together. We protect each member in our community via secure and easy communication between bank accounts while creating a safety net for potential losses.

SOLO WALLET
Leverage our banking solution to build financial autonomy. Deposit, withdrawal, and bank with SoLo.

Fun fact → SoLo Funds is a Certified Public Benefit Corporation.

NO HIDDEN FEES
We’re not here to surprise you with fees. SoLo guarantees no hidden fees, no minimum balance fees, transactions fees, expedition fees and no overdraft fees.

GET MONEY UNIVERSITY
We believe that access to information is the key to building strong financial habits. Take courses, learn, and share this free resource with others.

Fun fact → SoLo was selected in 2021 for Global Inclusive Fintech 50 by the Center for Financial Inclusion

For more information please visit our website https://solofunds.com/ .
(1) $500 Cash Requests: Criteria applies, see Terms https://solofunds.com/terms/ for more details.
(2) SoLo Wallet: The bank services are provided by Synapse's partner banks, Members FDIC.

If you take a $100 request add an optional $8 tip and $4 donation, then your settlement will be $112.

All loans regardless of the early schedule payment have the same terms, with 90 days for repayments and default. The early repayment schedule for a loan request can differ between members with all loans up to 90 days to pay in full until defaulted. Your initial scheduled early repayment date can be skipped without issue and repaid manually in-app at any time with minimum and maximum repayment schedule up to 90 days. All loans have up to 90 days to pay in full until defaulted.

See SoLo's Privacy Policy https://solofunds.com/privacy

Fun fact → SoLo was selected as one of Fast Company’s World Changing ideas in 2021

Ratings and reviews

Last update has yet to fix anything. My account has been stuck in verification status for over a week now. Took forever to finally get my bank and debit card linked since the massive overhaul. Now I'm just stuck in limbo. And it's not like I'm a new member. I've been using SoLo for over a year now. Don't bother emailing support. They're too busy in their "war pods" trying to figure out what went wrong when they initiated SoLo 3.0. No communication since 5/2 so far.

Ever since the latest update, the app has been completely useless. Numerous time I have tried update and it keeps saying that it's verifying my account, it has been doing that for over a week. I have made a significant amount of transactions on the app, but it has been totally wrong since the update. I really wish they would fix the problems instead of putting out updates that are completely misleading at best, straight up lies at worst. If they ever get it straightened out I might go back

I'll update my rating when the app is fully operational. The app updated 3-4 weeks ago and essentially stopped working for everyone. While we continually get updates that progress has been made that still doesn't change the fact that no one can still get a loan. I'm pretty sure you've lost most of your lenders as they are afraid they won't actually get their money back. It used to be we could submit the loan and get funded right away. Now all loans keep expiring!

What's new

• Bug fixes
• Platform enhancements