Company Information

Get to know SoLo Funds

SoLo Funds is a community finance platform designed to provide more affordable access to small, short-term loans for underserved populations. Founded by Travis Holoway and Rodney Williams, the company operates a peer-to-peer marketplace where members can borrow from and lend to each other directly. The platform's mission is to build a community that enables financial autonomy for all, offering an alternative to traditional payday lenders. Borrowers can request loans and choose to include an optional "tip" for the lender and a "donation" to the platform, while lenders can browse requests and fund loans they believe are creditworthy.

Industry

Financial FundraisingPRIMARY
Financial Banking
Financial Insurance

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SoLo Funds

United States

Founded in

Apr 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.