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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
SoLo Funds Trustpilot Rating: 4.5 Stars, 2,000+ Verified Real Member Reviews
At a Glance , What You Need to Know SoLo Funds holds an “Excellent” rating of 4.5 out of 5 on Trustpilot, based on over 2,000 verified reviews from real members , updated in real time. Trustpilot is an open, independent review platform that screens every review through automated fraud detection…
Company News
April 3, 2026
SoLo Funds Earns Back BBB Accreditation | Transparency, Trust & What Changed
At a Glance , What You Need to Know SoLo Funds has officially regained its BBB Accreditation, effective August 21, 2025. The accreditation was lost in September 2024 , not as a result of SoLo’s business practices, but as collateral damage from the industry-wide collapse of Synapse Financial…
Company News
April 2, 2026
APR vs. TCR: Why Annual Percentage Rate Misleads Borrowers — and What to Use Instead
At a Glance , What You Need to Know Annual Percentage Rate (APR) was designed in 1968 to help consumers compare the cost of long-term loans like mortgages. Applied to short-term, small-dollar borrowing, it produces numbers that are mathematically accurate but practically meaningless , and sometimes…
Financial Education
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 […]
Company News
April 1, 2026
The 2025 Cash Poor Report: The True Cost of Living Paycheck to Paycheck | SoLo Funds
At a Glance , What You Need to Know The 2025 Cash Poor Report , produced by SoLo Funds in partnership with Opinium Research, Pace University’s Lubin School of Business, the Global Black Economic Forum, the Aspen Institute Financial Security Program, and the Independent Women’s Forum , surveyed…
Financial Education
March 30, 2026
SoLo Funds vs. Payday Loans: Why Community Lending Wins
QUICK TAKE SoLo charges 0% interest; any tip is optional and set by the member requesting funds. Payday lender APRs can be very high in many states, verify current rates with the CFPB or your state regulator. SoLo has no rollover model; payday loan rollovers are a primary driver of long-term debt.…
Borrowing
March 23, 2026
SoLo Funds vs. BNPL: Which Is Actually Better for Short-Term Needs?
QUICK TAKE BNPL is tied to specific retail purchases; SoLo gives you cash to use anywhere. BNPL fees and APRs vary widely, verify current terms before using any service. SoLo has one loan, one repayment date, and no retailer lock-in. GOOD TO KNOW BNPL fees and APRs vary widely by provider and…
Borrowing
March 23, 2026
Is SoLo Funds Legit? Here’s What the Data Says
QUICK TAKE SoLo Funds is a legitimate peer-to-peer lending platform, not a bank, not a payday lender. Certified B Corporation and BBB Accredited, with no traditional credit score requirement. Lenders take on real risk; returns and repayment are not guaranteed. GOOD TO KNOW Loan requests have to be…
Borrowing
March 23, 2026
What Is SoLo Funds? The Complete Guide to Community Lending
QUICK TAKE SoLo Funds is a peer-to-peer lending marketplace, not a bank or payday lender. No traditional credit score requirement; loans are community-funded within 35 days. For lenders: returns are not guaranteed and the loan amount may be lost. GOOD TO KNOW All loan requests need to be verified…
Borrowing
March 23, 2026
What Happens If You Don’t Pay SoLo Funds Back?
QUICK TAKE Missing a payment may result in delinquency fees, exact amounts depend on current Terms of Service. SoLo may provide a grace period after your due date, see Terms of Service for current conditions. Unpaid debts sent to collections may affect your credit report through the third-party…
Borrowing
March 23, 2026
How Long Does It Take to Get Money from SoLo Funds?
QUICK TAKE Submitting a borrow request takes a few minutes; funding timing is up to individual lenders. Funds typically arrive in your SoLo Wallet after a lender funds your request, timing varies. Transfer to your bank account may take a few business days; faster options may be available. GOOD TO…
Borrowing
March 23, 2026
What’s the Real Cost of Borrowing with SoLo Funds?
When unexpected expenses hit, most people turn to credit cards, Earned Wage Access (EWA) apps, or Buy Now, Pay Later (BNPL) platforms. The question isn’t whether those tools provide quick access , it’s what they actually cost compared to SoLo Funds. Unlike traditional borrowing, where fees can…
Borrowing
March 19, 2026
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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.