78% of Americans live paycheck to paycheck, and 41% of Americans do not have enough savings to cover a $400 cash emergency. Compounding this problem is the reality that loans under $1,000 are notoriously difficult for more reputable institutional lenders, creating a void in the market that is filled by payday lending firms and their infamous and predatory lending practices.
SoLo seeks to offer a better alternative, leveraging technology and platform design to provide an alternative form of risk assessment that can effectively and efficiently underwrite small dollar, short duration loans, and harnessing the power of community to capitalize on their underwriting methods and provide more equitable capital to support borrowers in their time of need.
We invested in SoLo Funds’ Series A round of funding, the proceeds of which are being used to expand the team and accelerate customer acquisition.
Our vision is to impact the world by providing capital to the best organizations. If you have a project or idea you’d like to discuss with us then please send us information about your business to review.1155 S Shelby St. Louisvill, KY 40203