April 1, 2026
SoLo Funds Earns B Corp Recertification with 139.4 Impact Score | 2026
At a Glance , What You Need to Know
SoLo Funds has officially earned its B Corp recertification from B Lab U.S. & Canada, scoring 139.4 on the B Impact Assessment , nearly three times the industry median of 50.9, and a 35% increase over its original 2021 score. In 2025, SoLo members saved a combined $4.3 million compared to subprime credit card fees, completed 570,000 peer-to-peer transactions, and served communities where 71% of borrowers live in underserved ZIP codes. SoLo remains one of the only lending fintech B Corps in the United States.
The big banks built a system for themselves. We built one for us , the people they forgot.
And every few years, we prove it.
SoLo Funds has officially earned its B Corp recertification from B Lab U.S. & Canada. Not because it’s good optics. Because we believe that if you say you stand for something, you should be willing to let an independent third party check your work.
We were. They did. Here’s what they found.
Our B Impact Score: 139.4
When we first became a Certified B Corp in December 2021, we earned a score of 103. The median score for ordinary businesses completing the B Impact Assessment is 50.9.
This year, we came back with 139.4.
That’s nearly three times the benchmark , and a 35% increase over our own previous score. B Lab specifically recognized SoLo’s strength in Customer Stewardship, evaluating our ethical marketing, data privacy, and the quality of our financial products. They also validated our Impact Business Model , independent confirmation that the way SoLo is built isn’t just good business, it’s a direct, structural response to a systemic problem.
This score isn’t a trophy. It’s a measurement. It tells us , and you , exactly where we stand.
What $4.3 Million Actually Means
We’re not in the business of vague promises. So let’s talk real numbers.
In 2025 alone:
- SoLo members stepped up for each other 570,000 times
- 55% of our lenders and 71% of our borrowers live in underserved ZIP codes
- Our borrowing members saved a combined $4.3 million compared to what they would have paid in subprime credit card fees
That last number is the one we want you to sit with. $4.3 million. Kept in the hands of real people , not surrendered to a system designed to extract it from them.
According to our own 2025 Cash Poor Report, over 200 million Americans live paycheck to paycheck. Traditional financial systems are built for large deposit holders and often actively penalize everyone else. We built a system that flips that equation: strong returns for lenders, real access to capital for borrowers , all AI-powered and free from the gatekeeping of legacy banking.
Finance works better when people , not just profits , are built into the system. The $4.3 million is the proof.
What B Corp Recertification Actually Is , and Why It’s Hard to Earn
B Corp Certification, administered by the global nonprofit B Lab, is one of the most rigorous third-party impact standards in business. It evaluates companies across five areas:
- Governance , mission alignment, ethics, transparency, and stakeholder accountability
- Workers , employee financial security, health, wellness, and career development
- Community , diversity, equity and inclusion, civic engagement, and economic impact
- Customers , product quality, data privacy, and ethical marketing
- Environment , environmental stewardship and operational footprint
Recertification means re-earning it , every cycle, B Lab assesses whether your impact has grown alongside your revenue. In April 2025, B Lab launched the most significant overhaul of its standards in its history, raising the bar higher than ever for companies claiming to use business as a force for good.
We cleared that bar. Decisively.
“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.”
One of the Only Lending Fintech B Corps in the Country
In December 2021, SoLo Funds became the first-ever Black-owned certified B Corp fintech in the U.S. and Canada. Five years later, we remain one of the only lending fintech B Corps in the country.
That distinction matters. The fintech industry talks a big game about disruption , and then rebuilds the same inequitable systems with a cleaner UI. Holding B Corp status means we are held to a different standard: independent, verified, and continuously improving.
Our co-founders Travis Holoway and Rodney Williams didn’t build SoLo because they spotted a market gap. They built it because they lived the problem , knowing firsthand what it feels like to face a shut-off notice two days before payday. That origin isn’t backstory. It’s the operating principle. Additionally, the B Corp framework makes sure we never drift from it.
Scaling With Purpose. Not Despite It.
Since 2018, SoLo has facilitated over $1.4 billion in transactions. We’ve grown from an emergency loan marketplace into a full AI-powered community banking solution , delivering unparalleled returns to lenders while expanding real access to capital for millions of Americans locked out of traditional finance.
We did that while facing real scrutiny. A CFPB lawsuit that was ultimately dismissed with full prejudice in 2025. Nine months of rigorous recertification work, every corner of our operations under a microscope. We didn’t retreat. We doubled down.
Because that’s what it means to actually stand for something.
To our 3 million members: this one’s yours. Every transaction, every tip left for a lender, every time you showed up for someone in your community , that’s what built a 139.4. That’s what recertification looks like when it’s real.
We’re not done. We’re just getting started.
Frequently Asked Questions
What is B Corp recertification? B Corp recertification is the process by which a Certified B Corporation undergoes a new review by B Lab , the global nonprofit that administers B Corp Certification , to verify that its social and environmental impact continues to meet or exceed established standards. Companies must recertify every three years, demonstrating measurable improvement in governance, workers, community, customers, and environmental performance.
What score did SoLo Funds receive on its B Impact Assessment? SoLo Funds earned a B Impact Score of 139.4 on its most recent assessment , nearly three times the median score of 50.9 for ordinary businesses, and a 35% increase over SoLo’s original score of 103 from its 2021 certification.
Is SoLo Funds a B Corp? Yes. SoLo Funds is a Certified B Corporation, recertified by B Lab U.S. & Canada in 2026. SoLo is one of the only lending fintech B Corps in the United States and was the first-ever Black-owned certified B Corp fintech in the U.S. and Canada.
How does SoLo Funds help underserved communities? SoLo Funds operates an AI-powered, community-driven lending platform where members borrow from and lend to each other , bypassing the predatory fees and systemic barriers of traditional financial institutions. In 2025, SoLo members saved $4.3 million compared to subprime credit card fees, and 71% of borrowers lived in underserved ZIP codes.
What is an Impact Business Model in B Corp certification? An Impact Business Model is a designation by B Lab recognizing that a company’s core business model is intentionally designed to create positive social or environmental outcomes. SoLo Funds received this designation for its direct role in addressing systemic financial inequity by serving historically underserved populations.
How many transactions has SoLo Funds facilitated? Since its founding in 2018, SoLo Funds has facilitated over $1.4 billion in transactions across lending, banking, and WealthTech products.
Take back control of your financial future. Join SoLo today.
SoLo Funds is an AI-powered community banking solution providing unparalleled returns and access to capital for millions of Americans. Founded in 2018 by Travis Holoway and Rodney Williams, SoLo Funds pioneered a model of financial services that are equitable, empowering, and people-led. SoLo Funds, Inc. is a Certified Benefit Corporation. Banking services are provided by Bangor Savings Bank, Member FDIC.