Trusted by hundreds of thousands of users, SoLo Funds makes it easy to send or receive a loan of up to $1,000 right on your phone. Borrow money or become a lender to connect with anyone in the country at the touch of a button. Join the SoLo movement and leave payday loans in the past!

Borrowers: Enjoy an easy sign-up process and the lowest rates on the market. Join in minutes and request your first loan!
Lenders: Turn a profit while helping others by funding short-term loans. By offering fair interest rates to borrowers, SoLo always has an abundance of loans to choose from.
SoLo is the FIRST mobile app to support peer to peer loans of under $1,000.
Supported by leading innovators and press such as Forbes, Techstars, and Money 20/20, as well as thousands of banking partners that make it easy to move funds to or from your SoLo account.

Sign up in just a few minutes! Download today to start enjoying more affordable loans, or a new way to make a quick return on your extra cash.

-- Earn Money While Helping Others --

Be a lender to help a peer in financial distress while making a return on your money. SoLo loans are short-term, so you’ll receive your capital back very quickly. Use our data-driven SoLo Score to determine a borrower's creditworthiness prior to funding loans. You can also view a borrower’s transaction history, and even view individual loans to help inform your lending decisions. Create a balanced portfolio of loans to manage your risk and maximize returns. On the agreed-upon repayment date, an automatic draft is made from the borrower's bank account and sent to your. No need to reach out for a reminder, we'll remember for you! SoLo allows anyone with extra cash to make a social impact.

“A model for lending that doesn’t screw over the consumer.” Techstars, Lesa Mitchell

-- Borrow up to $1,000, On Your Own Terms --

Borrow today and receive funds immediately, and on terms set by YOU, with no hidden fees. Our peer-to-peer structure allows individuals to lend and borrow quickly, securely, and directly. SoLo simply provides a structured marketplace for individual lenders and borrowers to meet. As a borrower, you’ll be able to increase your SoLo Score and the amount you are able to borrow by paying back loans when they come due. Sign up in minutes, set your terms and post to the marketplace. Start off with favorable terms for your first lender and build a successful relationship with the platform that rewards positive lending and borrowing activity.

“Finally, An App For Borrowers Living Paycheck to Paycheck” - Forbes

-- Safe & Secure --

We take the safety of your personal information seriously and we are committed to protecting it. Our hosting provider is a Level 1 Service Provider under PCI DSS. At no point does SoLo ever store your online banking credentials. Banking credentials are used to authenticate and verify that you are indeed the owner of the account. Additionally, each depositor's account held at our partner bank is insured for at least a balance of $250,000.

-- Free Education --

SoLo provides users with a full financial literacy curriculum. We believe that access to information is the key to building smart financial habits. Take courses, learn, and share this free resource with others. Knowledge is wealth, help us spread it! You can learn more at

If you need help, please contact us anytime. Email us at and we will get back to you quickly. You can also log in to the app to see if our live chat service is available.

What’s New

Version 1.66

SoLo makes it easy for anyone to lend or borrow money! SoLo Community, we've been listening to your suggestions and have some great updates for you! Our latest release includes:
- Increased lending limits.
- Improvements to loan sorting in the Marketplace.
- A simplified registration process.
- Minor design updates and bug fixes.
If you're enjoying the app, please leave us a rating below to help grow our marketplace of Lenders and Borrowers! Your feedback is essential in helping us improve our ability to provide low-cost loans. Please reach out to with any questions or concerns. Thanks, and happy lending -- don't go alone, go SoLo!

Ratings and Reviews

3.8 out of 5
3.1K Ratings

3.1K Ratings

Javierb13 ,

Good once you get going

Once you get pass the headache of signing up everything else works pretty good. These opinions are coming from the view of someone who only invests money and not take loans.

The good: I have funded about $1100 since October 1st and have already earned money back. The app has never crashed on me and it is simple to use. Loans can be very short (max 30 days) so you can get your money back + tips fast! Possibility to earn 10% on every loan. When you get paid back, it is deposited to your bank account asap. Loans amounts aren't large

The bad: I had headaches trying to get my SSN input to work. It continuously told me it was not accepted. I emailed them for help because i exceeded my ssn submitting attempts. They weren't much help. 2 days of trying and it worked magically. Their help team isnt very good either. To start, they reply to your question from an email that you can not reply to. So if you have a follow up question, you have to start an entirely new email. I seem to have email them too many times because they have completely stopped responding to any emails i have sent.

Suggestions: being able to sort by # of previous transactions. Using an email that users can respond to for follow up questions.

The good outweigh the bad in my opinion. Just have to get through the headaches first. Then its all sunshine and rainbows. These opinions are just from my experience. Not everyone will have the same problems i have had.

SimplySega ,

Too long to payback

I came across this app through Penny Hoarder. For my first time I was a little skeptical. It definitely does not like multiple bank account. I have a savings and checking acct. when I went to set up, I kept getting an error stating multiple accounts are not allowed at this time. I reached out and their customer service was able to fix it. For my first, only and last loan, I requested $100. This was early August. I had set up to pay it back with 5 days and a $20 interest tip.
The day I went to pay it back, I got another error message, saying my bank account info was invalid. I also tried to reach out to their customer service and kept getting errors through the app. I was able to finally email their customer service, again. 3 days later (past my payback date) I get a response email saying that everything looks good on their end. 2 days after that they deduct the money from my bank account and it posted that night. It has now been 5 days since they took money out of my account and my loan still shows “pending payback”. I wish I could jus reach out to the peer lender and give him his $120 back. I don’t want him to think I ripped him off. I have reached out to their customer service to see how long it typically takes but I’m yet to hear back from them.
Their FAQ link through the app gives you a 404 error too.
Once my loan has cleared, I’ll be deleting this app.

rp5026 ,

My review of Solo

I was looking for an app that would loan someone in need with a job that can barrow a couple of bucks here and there and pay it back when payday comes. I tried them all, but every app wanted to be my coach on how to save money. The apps wanted a fee every month, but wouldn’t loan me any money, cause of this or that, but kept taking there $5 a month and I was pretty upset about that. I Googled apps that would loan money and came across a review about Solo Funding, so I said what the heck. I downloaded Solo and registered like it ask me to and requested a loan. I will say if you need money for the future start early with your request, cause Solo takes time to work. Solo is people like you and me loaning money to each other and making a couple of bucks to help. I thought it was crazy, cause for a week I tried and tried and no loan. Finally someone loan me what I asked for and I thought it was the coolest thing and that person came through for me (thank you by the way to whom loan me the money) but that’s just it, I don’t even know who loan me the money, but a BIG THANK YOU to that person. All I can say is try Solo it might work for you, but don’t get frustrated someone will help you just start early with your request before your deadline. Thank you Solo Funding for helping me. 👍🏼


SoLo Funds Inc.
119.6 MB

Requires iOS 10.0 or later. Compatible with iPhone, iPad, and iPod touch.



Age Rating
Rated 12+ for the following:
Infrequent/Mild Profanity or Crude Humor
Infrequent/Mild Horror/Fear Themes
Infrequent/Mild Cartoon or Fantasy Violence
Infrequent/Mild Alcohol, Tobacco, or Drug Use or References
Infrequent/Mild Mature/Suggestive Themes
© SoLo Funds Inc.


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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