SoLo Funds

555 w 5th St. 35th Flr, 90013, Los Angeles, United States
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1.61
Based on 18 Reviews

5

0.00%

4

5.56%

3

16.67%

2

11.11%

1

66.67%
About SoLo Funds

The financial system has intentionally failed our communities excluding them from returns and access to short term cash. So we created something different. We created something more human. We went back to the basics, creating a community where people could support each other financially. We call this community finance. SoLo is the leading community finance platform focused on underserved communities. Our members borrow on their own terms and lend to make industry leading returns or a social impact. SoLo has +1M users, +600k loans funded with 82% of its members being from underserved zip codes. As the only Black Owned B Corp Fintech in the U.S. and Canada, SoLo has emerged as the new financial service leader on pace to deliver $1B back into underserved communities by Q1 ‘24.

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Legendary Cuphead
GB

Do not use this app Do not use this app. I did research and found that if your score is 50 or more your loan request is placed in the marketplace and everyone can see it. If your score is under 50 they tell you that it’s placed in the marketplace but in reality it is not. No one will see your request. Which means, you will not get chosen for a loan. I have completed a research where I had a score of 60 and received 2 loans. Then created another account where my score was under 50 and 5 days and 24 loans request later no loan was picked up. When I contacted support to ask them why my loan wasn’t in the marketplace they told me that it was but because my score was under 50 I could not see it or anyone else with a low score in the market place but lenders could see it. What they did not know, I logged in with my 60 score and never saw the under 50 log request. Do not waste your time if your score comes under 50. U will never get a loan.

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The
GB

Hit or miss Hit or miss. Never received money after obtaining a nearly perfect score, the issue might be with their system, unsure, but disappointing to be let down especially after positive experiences in the past. Very reliable borrower and have even donated to the platform. I’m not taking it personally but it’s not a very nice thanks.

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John Mason
GB

I started my Solo adventure to help others, that are now hurting me. I started my Solo adventure with high hopes. I was able to help people get loans to do the things they otherwise couldn't do. Then I started getting what my brother and I call "Deadbeats" wow, I got a deadbeat! Well one or two isn't that bad! Now I'm up to 14, and am starting to loose money that I could otherwise use to help people. I'm almost at the point to pull out and put my $ back in dividend stocks where my profit is more secure. Don't get me wrong, I love the concept, but the risk is high, forcing you to ask for high tips. Can't we put an additional rating on borrower's indicating to me that I have had previous "on time" or "late" transaction indicated by a green bar on the bottom of their box to show on time and a yellow bar to indicate late. And on the filter to show only previous people that i have issued loans too would be an awesome tool to help those that I have already done business with. Thank you.

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dmann falso
GB

No help or response to emails No help or response to emails. Platform is blocked and Solo is not helping clients. Promised 24-48 hours and has bedd red n 8 days. Their help network is down and they are not answegg r ing f ed mails

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Loretta Jeznach Lynn Lay
GB

This place does absolutely nothing but… This place does absolutely nothing but give you the runaround over and over and over there's no one to talk to and I don't believe any of the reviews are real because it's the same names over and over and over I've put in for at least 10 loans and they keep expiring within the same day that I put the request in this is just another scam

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