SoLo Funds

Overview

Solo Funds is a community lending marketplace established to create and maintain a fair, reputable option for small, short-term loans. The SoLo marketplace enables borrowers to set their own loan terms, which are then underwritten by SoLo’s proprietary alternative risk assessment and presented to a marketplace of individual lenders. Borrowers benefit by accessing quick and fairly structured debt on terms they set for themselves, and lenders benefit by earning a fair return on short duration risk capital, with no minimums to invest. Lenders also have the ability to protect their invested principal from default losses. In short, and in their own words, SoLo “taps into the power of community and generosity to form an online safety net that is mutually beneficial to all of our members.”

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solofunds

Why SoLo Funds?

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.

How We Helped

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.


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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

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