I'm grateful and a little lucky I came across SoLo Funds. I've recommended it to many friends and look forward to helping others in the future! It's a nice kick to organizations that love to charge ex... See more
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Review summary
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Solo will make you go LOCO when you discover how simple they have made p2p lending and borrowing. Tired of borrowing Money from your parents ? If so then download solo funds. An app I guarantee you w... See more
Company replied
Due to an emergency, I found myself in need of help. I had heard about the SoLo Funds app and network and registered. The process was very easy. But what was most important to me is that it is a place... See more
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Well, for a community run system such as this it is quite spectacular. True to form, no credit checks and everyone starts off with a fair shot to grow and build credit with the app ecosystem. And it w... See more
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Company details
About SoLo Funds
Written by the company
SoLo is the leading community finance platform focused on working class communities. Our members borrow on their own terms and lend to make industry leading returns or a social impact.
SoLo has over +3 million users, +2 million loans funded with 82% of its members being from underserved zip codes. As one of the few certified Benefit Corporations in financial services, SoLo has emerged as the new financial service leader on pace to deliver $1B back into working class communities by Q1 ‘26.
The traditional financial system has failed our communities, excluding them from returns and access to short term cash. SoLo created something different, something more human. They went back to the basics, creating a community where people could support each other financially. SoLo calls this community finance.
Contact info
8605 Santa Monica Blvd PMB 615204 , 90069, West Hollywood, California , United States
- info@solofunds.com
- solofunds.com
The #1 Community Finance App
4.5
Excellent
3K reviews
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Good concept but lender loses 12% (solo…
Good concept but lender loses 12% (solo fee)if borrower is one day past due date. They make it sound like the borrower is being charged but a perfect example is if a $500 loan is repaid one day after the due date solo takes $60(solo fee) and the lender only gets back $440. Not sure how this makes any sense, penalizing the lender instead of the borrower. Their SLP protection is pretty much the same thing where you would lose 10% if borrower is one day past due date. They basically try to spin what they're telling you. I like the idea and would invest a lot more money but they have to support their lenders more. Support your backbone solo and you'll have a lot more lenders. I'm assuming we'll see the typical reply of we're trying to recover your money, I'm good with that but charge the borrower not the person providing.
24 April 2026
Unprompted review
Reply from SoLo Funds
Hello,
Thank you for reaching out.
To help us better serve you, kindly provide your email address or account name or ID so we can accurately identify your account.
Thank You,
SoLo Community Expert
Didn't have to wait for a long time to…
Didn't have to wait for a long time to make a decision. Money came right on time. Thanks 🙏
20 May 2026
Reply from SoLo Funds
Dear Janet,
We’re glad Solo was able to make a quick decision and get the money to you right when you needed it. We appreciate your trust and look forward to serving you again.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Luroy,
We developed SoLo to help people using something different, something more human, and we are glad to hear from you that it works.
We were tired of financial services not designed for our needs and the lack of transparency, simplicity, and unfair terms.
Thank You for being part of our community where people support each other.
Thank You,
SoLo Community Expert
Smooth and quick transaction
20 May 2026
Reply from SoLo Funds
Dear Christopher,
We’re glad to hear your transaction was smooth and quick. We appreciate your trust in Solo and are happy to serve you anytime.
Thank You,
SoLo Community Expert
Very helpful when in a tough situation!
19 May 2026
Reply from SoLo Funds
Dear Destiny,
We’re glad Solo could be there for you during a tough situation. We appreciate your trust and are happy we could help when you needed it most.
Thank You,
SoLo Community Expert
The response to time for approval and…
The response to time for approval and receiving your loan is great
19 May 2026
Reply from SoLo Funds
Hello,
We’re glad to hear that your approval and loan disbursement process was fast and efficient.
We appreciate your trust in Solo and are happy we could serve you quickly.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Debra,
At Solo, we always do our best to satisfy our customers and provide helpful, reliable service when it matters most. We truly appreciate your trust.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Hello,
We’re happy to hear you had a great experience with Solo. We truly appreciate your trust and support.
Thank You,
SoLo Community Expert
Easy process!
20 May 2026
Reply from SoLo Funds
Dear Jeani,
We’re glad to hear the process was easy for you. We appreciate your trust in Solo and are happy to make things simple and convenient for our customers.
Thank You,
SoLo Community Expert
It's nice knowing that money i lend is…
It's nice knowing that money i lend is being used by real paps who are in a bind, likewise if I borrowz jts nice to know its real people making profit via interest not just a skillemmmmmm.
19 May 2026
Reply from SoLo Funds
Hello
We’re glad Solo gives you confidence that real people are helping each other — whether lending to someone in need or borrowing from people looking to earn through interest. We truly appreciate your trust and support.
Thank You,
SoLo Community Expert
Fast funding!
18 May 2026
Reply from SoLo Funds
Hello,
We’re glad to hear you received fast funding. We appreciate your trust in Solo and are happy we could help quickly when you needed it.
Thank You,
SoLo Community Expert
It is easy
It is easy, and fast. Upfront costs. No hidden fees. This is great when you are in a bind!
3 May 2026
Unprompted review
Reply from SoLo Funds
Dear Stephanie,
We’re glad to hear you found Solo easy, fast, and transparent with upfront costs and no hidden fees. We’re happy to be a helpful option when you’re in a bind.
Thank You,
SoLo Community Expert
At first I wasn’t sure what I was doing…
At first I wasn’t sure what I was doing or how to navigate the app. But once I did what the email suggested right away, I had a lender. And am so grateful! Hopefully the repayment is as smooth as receiving was. People trusting people. Love it 😍
18 May 2026
Reply from SoLo Funds
Dear Stephanie,
We’re glad the guidance helped you navigate the app and connect with a lender quickly.
We love hearing that Solo reflects “people trusting people,” and we hope your repayment experience is just as smooth.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Roy,
We’re glad Solo could give you a second chance and support you when you needed it. We truly appreciate your trust and are happy to be part of your journey.
Thank You,
SoLo Community Expert
That it’s really people out there that…
That it’s really people out there that trust you enough to loan you money I like the app already and this my first time I can’t wait to be able to loan money
19 May 2026
Reply from SoLo Funds
Dear Ashley,
We’re glad your first time with Solo has shown you the power of real people trusting and supporting one another.
We’re happy to have you in the Solo community and look forward to supporting you as both a borrower and lender.
Thank You,
SoLo Community Expert
This app feels like a second chance
This app feels like a second chance. This makes me feel so much better about life. My credit isn't great and most have turned me away. It does take time because you build trust. Meaning, you start with very small loans and if you paythem back timely your solo score increases and you can borrow more. It funds in seconds. I'm very happy Solo is in my life.
19 May 2026
Reply from SoLo Funds
Dear Molly's Mom,
We’re so glad Solo has helped you feel supported and given you a second chance when other options may not have been available.
Building trust over time is an important part of the Solo experience, and we’re happy to hear that the process has been fast, helpful, and meaningful for you.
Thank You,
SoLo Community Expert
I’m surprised I got money
18 May 2026
Reply from SoLo Funds
Hello,
We’re glad Solo was able to surprise you in a positive way and help you access funds when you needed them.
We appreciate your trust and are happy to support you.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Ling,
We’re glad to hear your experience with Solo has been fast, reliable, and great so far. We appreciate your trust and support.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Ray,
We’re glad Solo has helped you earn money while also supporting others when they need it. We appreciate you being part of a community built on trust and helping one another.
Thank You,
SoLo Community Expert
I was skeptical at first but then i…
I was skeptical at first but then i received my first loan! It’s really easy and the amount increases as long as you pay it back on time! It’s such a well thought out app and it’s my favorite! Definitely recommend!
18 May 2026
Reply from SoLo Funds
Dear Shelly,
We’re glad Solo helped turn your skepticism into trust and that receiving your first loan was easy and smooth.
We’re happy to hear you enjoy the app and appreciate your recommendation
Thank You,
SoLo Community Expert
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