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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Humza Qureshi
GB

Solo was fantastic at first then... Solo was fantastic at first, I tried borrowing funds, the process was seemless and fast. From requesting on the marketplace, to the truth in lending disclosure. Everything was on point and perfect. Then I went on to lending, the first loans I made, went mostly as planned the individuals were on time as they paid same day as the loan was due after having debit card issues in the am. Then we get onto the second round of loans I made to individuals. The loan distribution process was seemless, on to due day, not a single one of 3 individuals paid their loans, apparently the visa debit processing was down so this was understandable, at least I thought, the next day rolls by and 1 loan defaults and I get paid from the insurance I opted for which Pays less than the overall principle. Fine one of three right, well then the 2nd defaults and the 3rd pays on time according to the revised schedule due to the visa payment issue cool I think. Because it so happens to be a time I need the funds, approx $150. Well 90 is in credits due to insurance payments so I have to loan that out and get successful payments to withdraw my money fine. I went too loan out to someone and lone behold my account is on hold / blocked and I can't withdraw my $60 nor can I loan anyone. Now this is back in mid May, fast forward to now July 1st, and guess what the issue still is not resolved by support which as of early June had to involve engineering to fix this issue... over 45 emails have been exchanged due to a lack of phone support and most of the emails is me begging for an update. Seriously everyone, solo is great, if u never ever need support, if you find yourself needing support, might as well quit using the app, the support is horrendous, uneducated, scripted, non-personal, and, quite frankly ill-equipped to assist a customer.

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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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Elvis Xhepaj
GB

God bless This thing didn't work but I really do need a load please some one contact me and we can talk I'm a family man....I drive a semi truck.....I'm a Christian.....I have a baby boy and wife that I got to take care of......I need a chance God bless 904..........505..........3462

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