March 11, 2026
SoLo Funds Re-Certifies As A B Corp, Doubling Down On Commitment To Scaling With Purpose
Operating Consciously While Saving Borrowers $4.3 Million Compared To Subprime Credit Cards In 2025
Los Angeles, CA, March 11, 2026 — SoLo Funds, the premier AI-powered community banking solution, is proud to share that it has officially earned its B Corp recertification while saving its borrowing members $4.3 million compared to subprime credit cards – further reaffirming its dedication to balancing profit with purpose. For a company whose members in 2025 alone have stepped up for each other 570,000 times, with 55% of lenders and 71% of borrowers living in underserved zip codes, these milestones continue to demonstrate the positive impact of SoLo Funds’ business model for Americans often overlooked by traditional financial institutions and innovators.
SoLo Funds officially became the first ever Black-owned certified B Corp fintech in the U.S. and Canada in December 2021 and now 5 years later remains as one of the only B Corp consumer fintech’s in the country. By definition, a Certified B-Corp is a company that voluntarily meets the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. Certification is awarded by B Lab, the nonprofit behind the global B Corp movement. By doing this, SoLo Funds is making sure that it’s showing up and making a real impact for everyone by using business as a force for good as it operates and expands.
“Recertifying as a B Corp demonstrates our belief that community-funded loans prove that finance works better when people, not just profits, are built into the system,” said Rodney Williams, Co-Founder and President of SoLo Funds. “Being a B Corp forces you to measure whether you’re actually living up to the values you promote. SoLo Funds is delivering on its responsibility to right the wrongs and financial systems that have been successful at keeping underserved communities and real change at bay.”
This commitment to accountability is reflected in SoLo’s latest B Impact Assessment, where the company earned an overall score of 139.4, a significant jump from its 103-point score in 2021. For context, while a score of 80 is required for certification, the median score for ordinary businesses sits at 50.9. This puts SoLo Funds in an elite tier of global companies, nearly tripling the impact of the average corporation. The assessment specifically highlighted SoLo’s excellence in Customer Stewardship, a category that evaluates a company’s dedication to ethical marketing, data privacy, and the quality of its financial products. Most notably, B Lab recognized SoLo’s “Impact Business Model” for its direct role in addressing systemic social problems by serving historically underserved populations. By intentionally “locking in” its mission within its corporate governing documents, SoLo ensures that its growth continues to benefit all five key B-Corp pillars: Governance, Workers, Community, Environment, and Customers.
According to the 2025 Cash Poor Report, over 200 million Americans are living paycheck to paycheck, with limited savings and an inability to cover unplanned expenses. The recertification reflects how SoLo Funds enables these Americans to borrow money at more affordable rates and earn industry-leading returns, all of which is AI-powered, decentralized, and free from the systemic inefficiencies of traditional banking. Whereas traditional financial systems tend to be built for the wealthy and large deposit holders, with structures in place that penalize people who don’t fit that mold. SoLo Funds flipped that model by providing unparalleled returns directly to its deposit holders, enabling better access to capital for millions of Americans. This is all fueled by SoLo Funds’ AI risk model, marketplace loans, pioneering yield-producing cooperative accounts, and community-empowering banking services.
In 2026 and all of 2025, SoLo Funds continued to see spikes in member loan requests for basic necessities like groceries, bills, rent, and utilities. As the subprime market expands due to innovations like BNPL and EWA, alongside macroeconomic factors such as inflation, tariffs, government shutdowns, and layoffs, SoLo has emerged as a unique financial buffer, offering a proven financial lifeline for millions amid tough economic times and rising costs.
Founded in 2018 by best friends Travis Holoway and Rodney Williams, SoLo Funds pioneered a new model of financial services that are equitable, empowering, and people-led. Since then, we’ve facilitated over $1.4 billion in transactions, with groundbreaking innovations in lending, banking, and WealthTech. SoLo Funds platform operates a community of over 2 million members rooted in trust, transparency, and a shared commitment to financial well-being and lower default rates.
For more information on SoLo Funds, visit https://solofunds.com
About SoLo Funds
SoLo Funds is the premier AI-powered community banking solution providing unparalleled returns and access to capital for millions of Americans, fueled by its AI risk model that enables marketplace loans, pioneering cooperative yield-producing accounts, and community-empowering banking services. Founded in 2018 by Travis Holoway and Rodney Williams, SoLo pioneered a new model of financial services that are equitable, empowering, and people-led. Since then, SoLo has facilitated over $1.4 billion in transactions, with groundbreaking innovations in lending, banking, and WealthTech. As SoLo leads the next era of AI-powered financial services, its mission remains clear: to build a financial system grounded in community, autonomy, efficiency, and access for all.
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Brennan Nevada Johnson