Make money while helping others with short-term, low-cost loans! Borrow and lend from anyone in the country. Join thousands of users to access affordable loans on your own terms as a borrower, and an innovative way to help others and make money at the same time. SoLo is the FIRST mobile app to support peer to peer loans of under $1,000 dollars. Supported by leading innovators and press like Forbes, Techstars and Money 20/20. Sign up in just a few minutes! Download today to start enjoying low-cost, 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 new users or lower scores with users with multiple transactions and higher scores. On the agreed-upon repayment date, an automatic draft is made from the borrower's bank account. 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 P2P 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 are 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.

SoLo is affordable and easy-to-use financial tool. We’ve created an ethical loan alternative to asking friends and family to lend or borrow money. These situations can be embarrassing and stressful. We’ve removed the strain on personal relationships and created a much more reasonable alternative to predatory payday loans. SoLo is about community and uplifting everyone together. Let's prevent the debt traps created by taking payday loans and build credit along the way!

What’s New

Version 1.58

Hey SoLo Community! Our latest release includes:

- Repayment reminder
- Crash 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

3.7 out of 5
2.3K Ratings

2.3K Ratings

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.

try another lending site ,


Don’t use this app at all. I lent out 4 loans to people with high scores and only have gotten one payment back. This company has no way of guaranteeing the lender, and there is no interest on the loans just “tips”. So the borrower isn’t actually required to pay back the so called 10 percent tip if they don’t want to. So basically the lender loans out money with a tip thinking there gonna make a little profit, but may just get back what they loaned out of the borrower pays. There communication is horrible because they only work through email and reply back to you in like two weeks, and sometimes not at all. They have this retarded donation crap that the borrower can choose to donate to the company. So basically the lender loans money to both the borrower and the company. The company makes out beautiful but the lender takes all the risk. And they try to promote it like we’re helping out each other. That’s a bunch of crap. They only give you the option to send an unpaid loan to collections, but seriously how many people actually pay back a couple hundred dollars in collections. If you’re new to lending money go to another peer to peer platform that gives more professionalism and protection to the lender if the borrower doesn’t pay back.. take my advice and don’t waste your money and lose it to this horrible company that needs to be closed. After all it’s always about making money.

TheePinkist ,

This App Is FRAUD

I wanted to believe in this black owned company but it has let me down tremendously. Not only does the app not work correctly but it doesn’t instill any accountability for the borrowers. So, before i discovered all this, I went out on a limb and decided to lend a random person I do not know (According to the acct. she’s just Maya C. from Chicago 👀) $210 with a return of $230 in 2 weeks. That was on March 2nd and it is now April 4th. Not only have I not heard a word as to when I will get my money back but they refuse to contact me directly whenever it “rolls over” again and AGAIN. They are now saying that they will have to send her to collections but who the heck is really going to pay $210 in collections? If they don’t have it now, what makes you think they’ll have it after interest and collection fees??? Seems like they need to do a more thorough check of who they’re letting people lend to. These people need to show employment check stubs so you can see how often and when they get paid so you can then try to charge their accounts when it’s time for payment. This is absolutely ridiculous. I’m SO glad I experimented with just one loan first, wish it was a lot less but after I get my money back I will never use this app or support this company again. If they’re starting to loose investors, that should tell you all you need to know about this company. Period.

Developer Response ,

Hello TheePinkist-

Thank you for your feedback. I understand your frustration and would like to provide some additional clarity on how our process works. We only allow a borrower to rollover one time. If we are unsuccessful obtaining payment the borrower is given a grace period of 30 days to repay before the account is sent to collections. We have a thorough vetting process during sign up however, circumstances change all the time. Many borrowers that have not paid on the first or 2nd debit attempt usually pay before an account goes to collections to avoid incurring additional fees.

With any lending platform small or large payments are not guaranteed. I will have some from our support team reach out to you directly regarding your loan.

Thank you!


SoLo Funds Inc.
112.6 MB

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



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


  • Family Sharing

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

You May Also Like