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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Cherie Mason
GB

There are a lot of PROS and CONS I feel… There are a lot of PROS and CONS I feel it's a great app for lending money as well as getting loans, I personally have given over 80 loans to date and feel that the number of people who pay them back are pretty reasonable. That said, If a borrower is late (even by 1 hour), you as a lender forfeit any profits on that loan, and the profits you would have gotten go to solo. So where I used to take chance on people with low scores, I don't any more, until they change this policy back and stop penalizing lendors for borrowers being late. Of my 80 loans, I have only had 1 or 2 default completely so I do believe the app has good potential, but there has to be a better way to run it. By the way thank you everyone that uses the app and pays on time. I hope they can fix this problem, I enjoy helping out, but don't like losing money.

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Adrian Velez
GB

Where’s is the class action lawsuit at? It’s been almost a year since I used the app and so far lost $5k and their laughable recovery team stopped answering my emails about where my money is. It doesn’t matter because all they do is text the borrowers so if they blocked them then that is it, they get away with stealing money from people who wanted to help them.

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Sam green
GB

Lost over $5,000 Lost over $5,000 People never pay back. You have better chances in the casino

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james
GB

2 Loans no repayment 2 Loans no repayment. If you want to throw your money way then do this, but do not expect to make a return.

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Maria Pec
GB

I lent 2 loans and 1 didn't repay I lent 2 loans and 1 didn't repay! Don't do it.

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