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Real stories. Smarter money.

News, guides, and the occasional hot take on borrowing, lending, and banking on your own terms.

The New SoLo Is Here: What Changes in Version 4
Version 4 of SoLo is here: a new look on phone and web, IQ guiding your loan request, your lending strategy up front, and everything in your account carried over.
Company News
October 22, 2026
Featured Posts
The New SoLo Is Here: What Changes in Version 4
Version 4 of SoLo is here: a new look on phone and web, IQ guiding your loan request, your lending strategy up front, and everything in your account carried over.
Company News
October 22, 2026
SoLo Funds vs. Oportun: Short-Term Cash or a Long Installment Loan?
Quick Take SoLo connects borrowers with real lenders for loans from $20 to $650, repaid within 35 days. Oportun offers installment loans from $300 to $10,000 over 12 to 48 months. Tips on SoLo are voluntary and set by the member requesting funds. No mandatory interest charges apply.…
Compare
July 17, 2026
5 Ways Millennials are Saving Money
The picture that’s painted of millennials is often one of a generation that is going to have a hard go of it financially. Young people who fall into this category are famously mistrustful of big banks and stock markets, having grown up on corruption and crashes. Additionally, now that millennials…
Financial Education
June 11, 2020
Recent Posts
Real People. Real Stories. Here is a Collection of Favorite Testimonials.
When life throws unexpected financial challenges our way, it helps to know others have faced these hurdles head-on. Hear from our members who’ve leaned on the SoLo community for a lifeline when they needed emergency funds. Loretha discovered SoLo during a time of need. “Omg! SoLo is the best…
Company News
September 18, 2023
New “Cash Poor Report” Shows Americans Borrowing Money Pay Billions in Junk Fees Beyond APR Rates
It’s no secret that many Americans live paycheck to paycheck. With inflation on the rise, families are doing what they must to make ends meet. But what happens when an emergency occurs? Many families turn to traditional, soulless financial institutions. With that comes hidden fees and an annual…
Company News
June 14, 2023
SoLo Announces Connecticut State Resolution bringing the Community Finance Platform back to Residents
This announcement follows previous announcements of resolutions in DC and CA, and the company’s listing on CNBC’s 2023 Disruptor 50 List. All resolutions include no admission of wrongdoing as well as a clear path forward for SoLo to continue to serve in each jurisdiction. SoLo is one of the more…
Company News
May 16, 2023
SoLo Funds Named to 2023 CNBC Disruptor 50 List
This recognition marks pivotal inflection in scale and the re-emergence of micro-finance (P2P) for everyday Americans and the Global Middle Class. SoLo was chosen as a 2023 CNBC Disruptor 50 company making its founder the 1st founder to receive such a distinction for two different companies. Los…
Company News
May 9, 2023
SoLo Announces Regulatory Pathway bringing the Community Finance Platform back to California Residents
Los Angeles, CA, May 9th, 2023 /PR Newswire/ – Today, SoLo Funds, Inc. announces an agreement with the California Department of Financial Protection & Innovation, to resume operations in the State of California. SoLo is based in Los Angeles with nearly 100 employees, and is bringing a fintech…
Company News
May 9, 2023
SoLo Announces Regulatory Resolution bringing the Community Finance Platform back to District of Columbia Residents
LOS ANGELES, May 5, 2023 /PRNewswire/ — Good afternoon. My name is Kyle George, and I lead regulatory affairs for SoLo Funds. I joined SoLo after serving as the First Assistant Attorney General for the State of Nevada, and learning about the challenges underbanked communities experience. When I…
Company News
May 5, 2023
SoLo Celebrates Being First Black-Owned Fintech To Reach 1 Million Registered Users
Backed by New Voices Fund, SoLo has achieved success by creating a community finance platform that allows users access to funds as borrowers and make an impact as lenders. Los Angeles, CA, February 28, 2023 — SoLo, is excited to announce they’ve officially become the largest and 1st Black-owned…
Company News
February 28, 2023
SoLo Funds Brings On Three Industry Veterans Including Collin Schwartz as General Counsel to Lead Legal and Regulatory Efforts, Kyle George as Head of Government & Regulatory Affairs, and Manny Alvarez as Advisor
The Largest Black-Owned Fintech Startup Continues to Invest in Growth with New Executive Leadership SoLo, the largest Black-owned B Corp fintech offering a variety of products and solutions for economically disadvantaged communities, announces the expansion of its leadership team, appointing Collin…
Company News
February 20, 2023
Get Smart About Credit with SoLo
About 45 million people in the U.S. are “credit invisible” because they have little to no credit history, according to the CFPB. These are often people who have jobs and pay their bills on time, but the current system unfairly keeps them from having access to loans. There’s no sensible reason for…
Financial Education
October 28, 2022
Financial Inclusion Is More Than Just Access to Money – It’s Access to Insurance Too
Let’s be real: not everyone has the means to get health insurance. However, lack of coverage can lead to severe complications that strain your finances and life. You don’t want that, and neither do we. Additionally, if you’re on a limited budget, you can still get adequate health coverage within…
Financial Education
October 20, 2022
SoLo Funds Celebrates First Worldwide Community Finance Summit
At the first-ever SoLo Worldwide Community Finance Summit, hosted at the Culture House at LA Tech Week, the SoLo family did what we do best,celebrated each other and the impact a community can make. SoLo Funds members, supporters, investors, and industry leaders joined for a powerful presentation…
Company News
September 13, 2022
Ese – A New Financial Platform For Black Women
SoLo Funds has always been about working together. We built this company on a concept of people helping people, creating new paths to financial freedom and growing wealth. Now we’re working with ESSENCE to expand our community with Ese, a new platform that aims to build wealth and the collective…
Company News
July 1, 2022
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SoLo Funds, Inc., a Certified Public Benefit Corporation, is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. The SoLo Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.

Lending through SoLo involves risk, including the risk of borrower default and loss of principal. Lender returns are not guaranteed, are not insured by the FDIC or any federal agency, and are not bank deposits. Historical performance figures reflect platform-wide averages and do not predict future results. Individual results vary.

All loan requests are subject to verification, lender proposal, and the requestor's final acceptance. Tips and donations are voluntary.

© 2026 SoLo Funds Inc.