Trusted by hundreds of thousands of users, SoLo lets you borrow money on your own terms or lend and reap the benefits in the form of a quick return. It’s never been easier. Join the SoLo community and leave payday loans in the past! With SoLo, there's no credit check on your loan so that we can ensure equal access to all.

SoLo’s online lending and borrowing is supported by leading innovators and press such as Forbes, Techstars, and Money 20/20, as well as Visa, Kiva, and thousands of banking partners. Download now to start enjoying more affordable loans or a new way to make a quick return on your extra cash.

-- Earn Money While Helping Others --

Lending on SoLo is a great way to make a social impact while also earning a return on your money. A leader in the peer to peer space, our loans are short-term, so you’ll receive your capital back quicker than anywhere else. Use our data-driven SoLo Score or view another member’s transaction history to assess creditworthiness. We have the tools to help inform your lending decisions and create a balanced portfolio according to your risk and returns goals. After funding, SoLo takes care of the rest through automation and step-by-step updates.

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

-- Borrow Up to $500 On Your Own Terms --

Borrowers on SoLo enjoy fast, easy, convenient funding with low costs and no hidden fees for small-dollar loans. By using SoLo responsibly, you’ll be able to increase your SoLo Score and the total amount you are able to borrow. We provide a structured community for individual lenders and borrowers to meet, and have created smart features like automatic paybacks to make sure your personal loans are never late.

“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. 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 strong 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 assistance, please contact us anytime. Email us at and we will get back to you as soon as possible. We’re here to help!

What’s New

Version 2.40

SoLo makes it easy for anyone to lend and earn a return or borrow money at a low cost! SoLo Community, we've been listening to your suggestions and have some great updates for you. Our latest release includes:

• Update to expose Push Notifications toggle in the phone's settings
• Minor bug fixes

Unfortunately, at this time, we are unable to accept Chime or Simple bank cards. If you're enjoying the app, please leave a rating below to help our community grow! Your feedback is essential in helping us improve our ability to provide low-cost, convenient loans. Please reach out to with any questions or concerns. Don’t go alone - go SoLo!

Ratings and Reviews

4.2 out of 5
8.7K Ratings

8.7K Ratings

Mohaveeeeeee ,


I really like the changes to the solo funds app. I have been funding loans for a while now and I definitely have a bit in deferment but the average returns are great. The GUI is nice, I love the lending tracker, overall really nice to use. One change I hope they revert is the email you get upon a paid back loan. Previously they showed how much you funded broken down into initial amount, plus solo donation, and then the tip amount. They still have a thorough breakdown of each component when funding but upon repayment they removed it. This is making it slightly more difficult to know the returns unless you refer back to the original email or go into history. Please revert that feature, it worked perfectly. Lastly, I opened a ticket because I was supposed to get paid back a certain amount, however even though the loan was not late and it was the only loan due that day, I showed all evidence and still haven’t gotten my money back. It’s not a lot but literally is the amount of return I got on that investment. Errors can happen, but when dealing with peoples money that is an extreme red flag. Still really like the app overall

Developer Response ,

Hey Mohaveeeeeee,

Thank you so much for your review. We are so sorry about this. To ensure we are receiving your emails, please submit a ticket using this link:

Once we receive your email, we will be sure to respond as soon as possible.

-Team SoLo

Biggfran ,

Has Potential But Needs Work (Lender)

From an investors standpoint, this app has great potential, but does little to protect lenders from losing money. I’ve lent over $16,000 to more than 60 individuals and found that most people on this platform pay their loans back late, with many not paying back at all. I found that most of the loans I funded rolled over, giving the borrower an extra 14 days to pay back their debts. I don’t think borrowers should be given an extra 14 days to pay off their debts, especially with all loan terms being 30 days or less. 7 extra days to pay back is enough in my opinion. If someone doesn’t pay back on time they should be over drafted like some auto payments do. If not overdraft, then they’re account should be charged daily until the funds are repaid. The collections process doesn’t seem to be effective at all. If your loan goes into collections, just consider it gone. I don’t imagine anyone paying back a less than $300 debt in collections, especially when borrowing from this app has no effect on their credit score. The solo scoring system is off. I noticed many people have high scores that have never borrowed money on this platform. Contacting support is also a pain. You can only communicate with them via email and they often take a week or more to respond.

If they provided lenders with more payback protection, adjusted the collections process, fixed the scoring system, and added live phone call support, this app would be great.

Developer Response ,

Hey Biggfran,

Thank you for your review. We appreciate your feedback and we apologize for any inconvenience this may have caused you.

We would like to clarify that our collections process is more than an email or two to borrowers. SoLo has an internal process to prevent accounts from going to collections. However, if we are unable to collect loan payments, we pass those accounts onto our collections agency for further action. Those accounts are also blocked from using SoLo and reported to the credit bureaus.

When lending, there is always risk involved. We want to ensure our Lenders are aware of that and we have provided some tips on best practices: Checking the SoLo Score and Previous Transactions.

As a Lender, you have access to view a Borrower’s transaction history and whether they have paid their previous loans on time. This can help you assess how creditworthy a Borrower has been. Be sure to familiarize yourself with the terms of your loan before lending and borrowing. SoLo does not insure loans at this time, so make sure you are comfortable with the risks you take and read your Loan Agreement carefully.

Please email our support team for any further questions you may have at

-SoLo Team

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. 👍🏼

Developer Response ,

Hey rp5026,

Thank you so much for your review! We appreciate your feedback and we are happy to have you as part of the SoLo community!

-Team SoLo

App Privacy

The developer, SoLo Funds Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More


  • Family Sharing

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

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