SoLo version 4 is here: a new look, IQ-guided loan requests, a web app that matches mobile, and what's next with SoLo Alpha.
The old SoLo app was designed before SoLo Score and IQ could do what they do now. You've probably felt it: serious work happening underneath, on screens that didn't give it much room. Version 4 fixes that.
Version 4 of SoLo is live. It brings a new and improved product experience, a new brand, a new voice, a sharper story of our ambition on a new website, and updates to the web app. We've been operating at a higher weight class for a long time, and it's time the app showed it.
Here's what changed, and what stays exactly where you left it.
Think about how a traditional credit system works. It looks at someone's past and stops there. SoLo looks at how repayment actually works for that person, which is why we call SoLo an intelligence ecosystem. Every action and every decision is intended for you to get smarter with money, and unlock more gains along the way.
Two pieces do most of that work. SoLo Score is built on eight years of repayment data. IQ is our financial intelligence guide. Together, we're turning real-time data into insight every member can act on, whether they need capital this week or are building wealth for years to come. At scale, that's not just a product, it's the most durable infrastructure for one of the largest economic problems in America.
We launch new features and products regularly, and you deserve a world-class experience that matches the products you use every week. We didn't change anything for the sake of change. Some updates make SoLo easier to use today. Others set us up to ship new features faster from here.
The first thing you'll notice is the look. Brighter colors, photos of real people in everyday moments, and a lot more breathing room. Screens are cleaner and less overwhelming, and color shows up where it points you to the thing that matters on that screen. Light mode and dark mode are both there, too.
If you use SoLo on a laptop, the web app is now designed one-to-one with mobile. You get the same wallet, the same Home screen and the same SoLo Score layout, with light and dark modes and IQ chat any time you want it.
IQ has a redesigned look, but the bigger change is that requesting a loan is now a conversational flow. IQ walks you through the request, shows you your SoLo Score along the way, and tells you if something's out of range before you submit.
We made IQ the cornerstone of the new product flow so members start working with our intelligence network early and feel supported every step of the way. There's more coming. For now, think of IQ as a financial intelligence guide in your pocket. Whether you're borrowing, lending, banking or doing general financial planning, IQ is there for you, with absolute personal privacy.
Setting your lending strategy used to mean digging through settings, and it was easy to miss. In v4, the lending wizard shows up the first time you lend, so you can set your strategy right when it's useful.
Over time, we'll roll out new features across IQ and the core app to help you monitor performance and track your real return profile against the strategy you set.
A new notification bell is launching extremely soon. Wallet notifications, the ones about money coming in and going out, get their own section, separate from general updates. It's a small change. It might be the one some of you like most.
Status screens got friendlier as well. When you move money, you'll see a clear confirmation like "Deposit Initiated," so you know it went through.
Your account, your balances and your existing loans all carry over, and you don't need a new account. To get the new SoLo, update the app on your phone, or refresh the site if you're on the web.
Once you've had a look around, tell us what feels clearer and what's hard to find. Members usually spot both before anyone else does.
The SoLo Alpha waitlist goes live extremely soon, and you'll be able to add your name at solofunds.com. SoLo Alpha is the next piece of the intelligence ecosystem: a high-return investment account powered by the personal loan asset class, backed by eight years of real intelligence. You'll have a real chance to earn 16% annualized return or more. There's a short lock-up period for your capital.
If you already lend on SoLo, you'll get priority access to SoLo Alpha when it opens in your state. We're rolling out state by state, starting with California as our base.
Rewards are changing too. A new tiered SoLo loyalty program is coming extremely soon. Right now it's either SoLo Gold or not. We're building a more complete structure that rewards more members, more often, whether you're new to SoLo or a seasoned lender. Expect continued significant updates to rewards, social and analytics, with more ways to track how you're making gains.
Review every request carefully, and treat other members with respect. Fund according to your own goals and how much risk you're comfortable with. Paycheck connections and a clearer app help, but they don't take away the risk that comes with funding a loan.
The new SoLo, the new brand and the new website are live. Update your app, explore, and spend some real time in it. We want to hear exactly what you think. And keep an eye on solofunds.com, because the SoLo Alpha waitlist goes live extremely soon.
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