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October 5, 2023

SoLo Funds Strengthens Leadership Team with Appointment of Lauren Smith as Chief Operating Officer

New Hire Comes Off The Heels of Record YOY Growth For Leading Community Finance Company

Los Angeles, CA, October 5, 2023SoLo, the US’s largest community finance platform, is excited to announce the expansion of its leadership team, appointing Lauren Smith as the company’s Chief Operating Officer (COO). Smith will lead and manage the company’s daily technical and operational teams, working closely with department heads and supervisors delivering strategic guidance as the company continues to scale. 

Smith brings a depth of experience overseeing the day-to-day administrative and operational functions of a business and joins during a time when SoLo is rapidly expanding. Before joining SoLo, Smith served as Head of Operations at Bindle Chat, as well as Chief of Staff at Vector Media where she spearheaded strategic growth initiatives as a partner to C-suite executives and board members, creating value for startups and mature organizations during high-growth phases. Smith understands corporate vision, aligns teams with clearly defined roadmaps and mobilizes employees to get results. Recognized as a resourceful and trusted advisor to CEOs, Smith is able to navigate unpredictable business challenges, organize information across the CEO’s ecosystem and deliver innovative solutions.

“I couldn’t be more excited to join SoLo during a time of monumental growth, and help continue the success of the company as it stands at the forefront of true community finance,” said Smith. “I look forward to contributing my expertise and working alongside this innovative team to unlock more value for our customers.”

“Smith’s accomplished background and experience in scaling tech startups aligns with our next chapter of growth and impact across our organization,” said Rodney Williams, Co-founder and President of SoLo. “This newly created role is a testament to our purpose of building one of the best fintechs in the world and providing a winning solution to consumers who have historically been overlooked.” 

Earlier this year, the company officially became one of the largest community finance companies in the world, crossing a million users. SoLo has seen record user and activity growth on its platform, including the recent milestone of surpassing over $250M in loans and $550M in transaction volume. Founded in 2018, SoLo has significantly surpassed market expectations by addressing a clear unmet need for Americans that financial institutions at large have yet to deliver on. As the only Black-owned B Corp Fintech in the US and Canada, with 82% of its members from underserved zip codes, SoLo has emerged as the new financial service leader on pace to deliver $1B back into underserved communities by Q1 ‘24. 

Anyone interested in joining the SoLo Funds team in California or remotely can visit the career page here.  

 

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About SoLo Funds

SoLo is the leading finance platform focused on underserved communities. Members borrow on their own terms, and lend to make industry leading returns or a social impact. As the only Black-owned fintech Certified B Corp in the U.S. and Canada, SoLo has emerged as the new financial services leader on pace to deliver $1B back into underserved communities by Q1 ‘24. The 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. 

 

Media contact

Brennan Nevada Johnson

Brennan@brennannevadainc.com