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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Greyson Jubilee
GB

Not for everybody like they say It's crazy that they frame themselves as this all inclusive, leave nobody out, everyone gets a chance type of platform. when it all comes down to it, they are nothing but another elitist, discriminatory, pseudo-helpful platform that's obviously only built for one type of demographic which is white people with slight money issues. I signed up went through the whole retreation process only get told that I'm not eligible because of their third parties who look into whatever they look into.

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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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james c
GB

This site is laughable on all sides This site is laughable on all sides. I installed the app a few days ago and shocking to me they gave me a low score when I to my own awareness have far more credibility of borrowing money for more than $100.00. So as a reviewer of apps/sites like this, I went along. Added debit card and waited. The first attempt was this past Friday at 10 a.m. Eastern. Tic Toc,Tic Toc , I waited all the way til Monday and got an alert the request expired. So I then reapplied expecting a different result, yet again 2 days pass again and the link expires with no loan made or received. To anyone and I mean anyone, please overlook this lending app at all cost. It's not worth your time to apply and seek a loan from. No customer support as far as feedback to my inquiries, no online chat and no phone number to speak to anyone. This money app is HORRIBLE, and could never see myself saying anything positive to say about this company when the negatives outway the positives by miles literally ! - James

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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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Carl
GB

Do not invest in this application Do not invest in this application . It’s completely not worth it and trash . When you are a borrower the process goes smooth because they need you to borrow so they can make money out of it .but as an investor that invest almost 5k in this app. A lot of my borrower were so late and the recovery team make you believe they work on your behalf to recover your fund but they’re just a bunch of bot that don’t know what they do . Till today I’m not able to recover some of my money I lend thru this platform ,I’ve contacted their bot recovery team and till now nothing happened I’ve lost it. Solo lending ,you make money because of investor too not only borrower so make sure investor can recover their funds too ..borrower can borrow the funds and disappear for years !!! Their recovery team not will not do anything.it’s sad and I need my money back!!!!!!!!!!! Ive contacted them so many time but nothing and im really pissed because investor also need money !! Do NOT Waste your time , effort and MONEY into this . It’s trash !

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