SoLo Funds: Lend & Borrow 4+

Loans On Your Terms

SoLo Funds Inc.

Designed for iPad

    • 4.0 • 9.8K Ratings
    • Free



Access up to $500 on your own terms or supply funds to make a social impact and return.

Fun fact → SoLo Funds is a Certified Public Benefit Corporation.

SoLo is the community finance platform where our members step up for one another. We enable financial services for real people, powered by people. We back each other because we believe in each other.

Here’s why thousands of members use SoLo…

We give you choice and control where others don’t. No interest, no credit checks. We come through for each other because we’re in this together.

SoLo is a great way to make a social impact while also earning a return on your money. Our data driven tools allow you to verify and make smarter choices. Fund a request today. We’re people helping people.

Fun fact → SoLo won the 2022 Visa Everywhere DEI Contest amongst the nation’s best fintechs

We’re in this together. We protect each member in our community via secure and easy communication between bank accounts while creating a safety net for potential losses.

Fun fact → SoLo was selected as one of Fast Company’s World Changing ideas in 2022

Leverage our banking solution to build financial autonomy. Deposit, withdrawal, and bank with SoLo.

Fun fact → SoLo won NBCUniversal’s LIFTOff Financial Impact Challenge

We’re not here to surprise you with fees. SoLo guarantees no hidden fees, no minimum balance fees, transactions fees, expedition fees and no overdraft fees.

We believe that access to information is the key to building strong financial habits. Take courses, learn, and share this free resource with others.

Fun fact → SoLo was selected in 2021 for Global Inclusive Fintech 50 by the Center for Financial Inclusion

What’s New

Version 2.77

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:

• Minor bug fixes

Ratings and Reviews

4.0 out of 5
9.8K Ratings

9.8K Ratings

dee12223344 ,

Really helpful

I’ve used this a few times for lending. I started off with a bad score now I have a good one because of me paying back on time. I paid back 2 days late once because of being low on money & it didn’t decrease my score which was nice because it was only a few days and definitely just a one time thing. The only issue I have is when borrowing we have to donate a pretty large amount to solo. It shouldn’t be called a donation & it should be called a fee because it isn’t voluntary. We don’t have the option to not donate to solo. I have to pay $35+ on a loan on top of a tip for the lender. So the loan typically costs me $80 more than what I borrowed. It helps in trapping people who are in need in a cycle of debt. Also, I don’t like that lenders can modify the terms of the loan. I want to tip the lenders for helping, but almost every time I’ve put a loan out and didn’t tip the max, a lender would update and change it to the max tip. Aside from those it’s been instant & I haven’t had any issues with getting my funding or paying back loans. I’d say it’s great for people with less than stellar credit who need funding fast. Just make sure you pay back on time and there won’t be any issues!

Developer Response ,

Hey dee12223344,

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

MattRM89 ,

Excellent resource for financial freedom

SoLo’s mission sets it apart from any other bank or financial services company. Those who are in need of immediate help are able to get a loan very quickly on the platform. Borrowers don’t have to lose their dignity walking into a major bank that may reject them, or a predatory payday loan shop with crazy hidden fees. This app could save people in emergencies like fixing a car so you can get to work, getting food to feed your family, etc., along with just getting back on your feet from financial hardship. The borrower always sets the terms and agrees to any changes suggested by the lender. The loans are funded not by a major corporation but by other SoLo members who have a little extra cash and want to help the community while also taking the chance to earn some profits. These lenders are everyday individuals who will use the proceeds in their local community or to help their own family. In my time on SoLo as a lender I’ve found it to be rewarding helping others, doing good while earning some. Any concerns I’ve had have been quickly addressed by SoLo support with professionalism and dedication. In particular the support agent Gladys has been great. Additionally SoLo has begun education resources with strategies for financial independence, and is working on improvements to the app to help the underserved with better banking options.

Moms-Leave It ,

No gimmicks, No Credit Approval, The Real Deal!!!

I have downloaded and checked out a number of lending apps online and in the app store and I will say thay Solo is HANDS DOWN the best and easiest way I have ever recieved funding! The tips and fees are realistic and dont make borrowing hurt your financial situation costing more then you can afford.

Don’t be discouraged if your first, second, third or maybe even fourth request for a loan are not funded in the 3 days they stay on the marketplace, someone will come thru for you and the request process literally takes all of 3 minutes. Once my loan was funded and I accepted the terms the money was in my bank account and available to me in seconds!!

I highly recommend this app for temporary financial relief as long as you are true to your promise to pay back in the allotted time frame as these lenders are people just like the borrowers paying out of their personal pocket to help those in need and should be appreciated for their kindness and caring to help others. I am excited to watch my credit build with Solo and can’t wait to be in a position to help others the way my lender helped me!! Thanks a million to Jake for lending me the funds I requested and the team at Solo that put out one of the best lending apps I have found!!! HIGHLY RECOMMENDED ♥️

Developer Response ,

Hey Moms-Leave It,

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 Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Identifiers
  • Usage Data

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

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