SoLo Funds is a mobile lending exchange that connects lenders and borrowers for the purpose of providing more affordable access to loans under $1,000. SoLo was created to disintermediate the predatory payday lending system.
The founders, Travis Holloway and Rodney Williams, were noticing that family members, friends, and roommates were asking for financial help here and there, and they understood why. There weren’t any fair, reputable options for small, short-term loans. They decided to create one by harnessing the power of community. SoLo Funds, a certified B corporation, was formed in 2018 to create a viable option for those difficult moments . It tap’s into the power of community and generosity to form an online safety net that is mutually beneficial to all of it’s members while following a clear mission: to build a community that enables financial autonomy for all.