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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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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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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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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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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