SoLo Funds is a financial service provider enabling a marketplace where members can request and fund emergency needs. SoLo launched in 2018 with the goal of providing a lending alternative that was equitable, empowering, and community-driven. Since then, we’ve processed millions of transactions and redefined financial services for our community members. Today, we’re driven to new heights launching additional financial services, but grounded in the same hope and mission: to build a community that enables financial autonomy for all. For more info: www.solofunds.com
Location: United States, California, Los Angeles
Employees: 51-200
Total raised: $10M
Founded date: 2018
Investors 9
Funding Rounds 1
| Date | Series | Amount | Investors |
| 10.02.2021 | Series A | $10M | - |
Mentions in press and media 12
| Date | Title | Description |
| 28.02.2025 | 5 things to know before the stock market opens Friday | Stocks futures are higher Friday as markets head into the final trading day of February. President Donald Trump plans to impose his promised tariffs on Canada and Mexico on Tuesday. The CFPB has dropped at least five enforcement lawsuits in... |
| 22.02.2025 | CFPB Agrees to Drop Case Against SoLo Funds as Agency Cuts Back | (Bloomberg) -- The Consumer Financial Protection Bureau and peer-to-peer lending platform SoLo Funds agreed to put an end to the agency’s lawsuit against the company amid a broader halt to enforcement actions, according to court filings. Th... |
| 30.05.2024 | Balancing Act: SoLo Funds, Fintech Regulation, and the Quest for Financial Equity | Equity and fairness must be the foundational concepts of financial services. These principles guarantee that everyone, regardless of their economic background, race, or geographic location, has access to financial products tailored to their... |
| 27.06.2023 | Why junk fees run deeper than Taylor Swift tickets | The war against “junk fees” isn’t just confined to Taylor Swift tickets, with some credit cards also guilty of obfuscating pricey charges that can blindside consumers. Driving the news: The Biden administration went on the offensive against... |
| 31.05.2023 | Какие инновационные решения внедряют мировые финтех-гиганты | Инвестиции в финтех упали, но рынок продолжает развиваться и задавать тренды. Что сейчас внедряют гиганты индустрии и какие стартапы выстреливают? 0 Обсудить 45 просмотров Слушать Несмотря на падение инвестиций в финтех с $238,9 до $164,1 м... |
| 13.03.2023 | The 14-slide pitch deck a Los Angeles-based fintech startup used to raise $10 million | Rodney Williams, a cofounder of SoLo Funds. Courtesy of Rodney Williams Rodney Williams cofounded SoLo Funds, a marketplace where consumers can borrow from each other. Users can borrow up to $1,000 each time, and they have the option to tip... |
| 28.02.2023 | Serena Ventures backs SoLo Funds as finance platform tops 1M registered users | SoLo Funds has acquired over 1 million registered users and over 1.3 million downloads to make it “the largest and first Black-owned personal finance platform” to do so, Rodney Williams, co-founder and president of SoLo, told TechCrunch. Th... |
| 22.02.2023 | SoLo Funds Brings On Three Industry Veterans: Collin Schwartz as General Counsel, Kyle George as Head of Government & Regulatory Affairs, and Manny Alvarez as Advisor | SoLo, the largest Black-owned B Corp fintech offering solutions for economically disadvantaged communities, announces the expansion of its leadership team, appointing Collin Schwartz as General Counsel, Kyle George as the Head of Government... |
| 15.02.2021 | SoLo Funds snaps up $10m Series A for P2P lending | US-based Black-owned peer-to-peer (P2P) lending, SoLo Funds, has raised a $10 million Series A round. According to Crunchbase News, ACME Capital led the round with participation from Impact America Fund, Techstars, Endeavor Catalyst an... |
| 10.02.2021 | LA Peer-to-Peer Lending App SoLo Funds Raises $10M | An L.A.-based mobile platform that allows users short on cash to borrow and loan funds of under $1,000 has attracted a $10 million Series A investment. SoLo Fund's target market has always been Americans living paycheck-to-paycheck. The pee... |
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