Solo will make you go LOCO when you discover how simple they have made p2p lending and borrowing. Tired of borrowing Money from your parents ? If so then download solo funds. An app I guarantee you w... See more
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Review summary
Created with AI, based on recent reviews
What people talk about most
Reviews shaping this summary
As soon as I requested a loan the first time a lender proposed to me within minutes! I started with a 52 and after only 1 loan repayment I increased to a 63!! I applied recently again and multiple pro... See more
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Due to an emergency, I found myself in need of help. I had heard about the SoLo Funds app and network and registered. The process was very easy. But what was most important to me is that it is a place... See more
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Well, for a community run system such as this it is quite spectacular. True to form, no credit checks and everyone starts off with a fair shot to grow and build credit with the app ecosystem. And it w... See more
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Company details
About SoLo Funds
Written by the company
SoLo is the leading community finance platform focused on working class communities. Our members borrow on their own terms and lend to make industry leading returns or a social impact.
SoLo has over +3 million users, +2 million loans funded with 82% of its members being from underserved zip codes. As one of the few certified Benefit Corporations in financial services, SoLo has emerged as the new financial service leader on pace to deliver $1B back into working class communities by Q1 ‘26.
The traditional financial system has failed our communities, excluding them from returns and access to short term cash. SoLo created something different, something more human. They went back to the basics, creating a community where people could support each other financially. SoLo calls this community finance.
Contact info
8605 Santa Monica Blvd PMB 615204 , 90069, West Hollywood, California , United States
- info@solofunds.com
- solofunds.com
The #1 Community Finance App
4.5
Excellent
3k reviews
Asks customers to review
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It's nice knowing that money i lend is…
It's nice knowing that money i lend is being used by real paps who are in a bind, likewise if I borrowz jts nice to know its real people making profit via interest not just a skillemmmmmm.
19 May 2026
Reply from SoLo Funds
Hello
We’re glad Solo gives you confidence that real people are helping each other — whether lending to someone in need or borrowing from people looking to earn through interest. We truly appreciate your trust and support.
Thank You,
SoLo Community Expert
Fast funding!
18 May 2026
Reply from SoLo Funds
Hello,
We’re glad to hear you received fast funding. We appreciate your trust in Solo and are happy we could help quickly when you needed it.
Thank You,
SoLo Community Expert
It is easy
It is easy, and fast. Upfront costs. No hidden fees. This is great when you are in a bind!
3 May 2026
Unprompted review
Reply from SoLo Funds
Dear Stephanie,
We’re glad to hear you found Solo easy, fast, and transparent with upfront costs and no hidden fees. We’re happy to be a helpful option when you’re in a bind.
Thank You,
SoLo Community Expert
At first I wasn’t sure what I was doing…
At first I wasn’t sure what I was doing or how to navigate the app. But once I did what the email suggested right away, I had a lender. And am so grateful! Hopefully the repayment is as smooth as receiving was. People trusting people. Love it 😍
18 May 2026
Reply from SoLo Funds
Dear Stephanie,
We’re glad the guidance helped you navigate the app and connect with a lender quickly.
We love hearing that Solo reflects “people trusting people,” and we hope your repayment experience is just as smooth.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Roy,
We’re glad Solo could give you a second chance and support you when you needed it. We truly appreciate your trust and are happy to be part of your journey.
Thank You,
SoLo Community Expert
That it’s really people out there that…
That it’s really people out there that trust you enough to loan you money I like the app already and this my first time I can’t wait to be able to loan money
19 May 2026
Reply from SoLo Funds
Dear Ashley,
We’re glad your first time with Solo has shown you the power of real people trusting and supporting one another.
We’re happy to have you in the Solo community and look forward to supporting you as both a borrower and lender.
Thank You,
SoLo Community Expert
This app feels like a second chance
This app feels like a second chance. This makes me feel so much better about life. My credit isn't great and most have turned me away. It does take time because you build trust. Meaning, you start with very small loans and if you paythem back timely your solo score increases and you can borrow more. It funds in seconds. I'm very happy Solo is in my life.
19 May 2026
Reply from SoLo Funds
Dear Molly's Mom,
We’re so glad Solo has helped you feel supported and given you a second chance when other options may not have been available.
Building trust over time is an important part of the Solo experience, and we’re happy to hear that the process has been fast, helpful, and meaningful for you.
Thank You,
SoLo Community Expert
I’m surprised I got money
18 May 2026
Reply from SoLo Funds
Hello,
We’re glad Solo was able to surprise you in a positive way and help you access funds when you needed them.
We appreciate your trust and are happy to support you.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Ling,
We’re glad to hear your experience with Solo has been fast, reliable, and great so far. We appreciate your trust and support.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Ray,
We’re glad Solo has helped you earn money while also supporting others when they need it. We appreciate you being part of a community built on trust and helping one another.
Thank You,
SoLo Community Expert
I was skeptical at first but then i…
I was skeptical at first but then i received my first loan! It’s really easy and the amount increases as long as you pay it back on time! It’s such a well thought out app and it’s my favorite! Definitely recommend!
18 May 2026
Reply from SoLo Funds
Dear Shelly,
We’re glad Solo helped turn your skepticism into trust and that receiving your first loan was easy and smooth.
We’re happy to hear you enjoy the app and appreciate your recommendation
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Hello,
We’re glad to hear Solo was easy to use, user-friendly, and there for you right on time. We appreciate your trust and support.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Dear Erik,
We're thrilled to hear you’re enjoying the app. We appreciate your feedback and your trust in our platform.
If you ever have suggestions or need support, don’t hesitate to reach out, we’re always here to help!
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Hello,
We’re glad SoLo has been helpful when you needed it most. Our goal is to make borrowing fast, simple, and stress-free, and it’s great to know we hit the mark for you.
Thank You,
SoLo Community Expert
Avoid SoLo Funds as a Lender – Money Stolen From Richard Freshwater
I lent money through SoLo Funds expecting the platform to be secure and transparent. Richard Freshwater (their General Counsel/Head of Regulatory Affairs) personally assured me that my account and funds were safe.
My account was frozen and no one from solo has responded or given me access to my money and its been over 5 days.
They platform forces you to lend to unqualified borrowers to meet made up ratio however those borrowers defaulted, "protections" turned out to be worthless credits I couldn't easily withdraw or use effectively, and my funds effectively disappeared. Support was unresponsive, and I feel the assurances about safety were misleading at best. As a lender, I lost principal with little recourse.
This peer-to-peer setup sounds community-oriented but carries high risk for lenders with poor safeguards. Multiple reviews echo similar issues with defaults, withdrawal problems, and hidden costs shifted to users. Borrowers may like the "no interest" marketing, but lenders beware – your money isn't as protected as they claim.
14 May 2026
Unprompted review
Reply from SoLo Funds
Dear Tyrone,
Thank you for reaching out.
Your account was closed on May 19, 2026 in accordance with the terms and conditions that were disclosed at account opening.
Your refund in the amount of $63,101.38 will be made to you in increments starting 20 May, 2026 till 29 May, 2026.
Additionally, any subsequent repayments on loans you funded will be forwarded to you as well.
We wish you all the best on your financial journeys. Please contact us at help@solofunds.com if you have any questions.
Thank You,
SoLo Community Expert
Reply from SoLo Funds
Hello,
We’re happy to hear that funds were available and delivered on time. At SoLo, we’re committed to providing a reliable and seamless experience for our members.
We truly appreciate your support!
Thank You,
SoLo Community Expert
I love Solo
This is the best l. I literally love Solo! They helped me after a few minutes of setting up my account and submitting my request for funds. My request was approved. This is the best site if you need a little extra before payday.
16 May 2026
Reply from SoLo Funds
Hello,
Thank you for your wonderful review! We're delighted to know that you loved using Solo. Our team works hard to ensure our product meets your expectations, and it's great to hear that we succeeded.
We look forward to serving you again.
Thank You,
SoLo Community Expert
Fast way to borrow
This is a great way to borrow money when your in a bind. Fast loan approvals after your first loan.
26 April 2026
Reply from SoLo Funds
Hello,
We’re glad to hear SoLo has been a helpful option when you need support quickly.
We’re happy that the loan approval process has been fast and convenient for you after your first loan.
We truly appreciate your support and feedback!
Thank You,
SoLo Community Expert
Litterally never been helped out just…
Litterally never been helped out just keeps saying add more cards when I have three on here
17 May 2026
Unprompted review
Reply from SoLo Funds
Dear Levi,
We understand our model does not follow traditional lending models as we wanted something different, something more human. So we are happy to provide some additional information regarding the loan funding process.
Once a Borrower submits a loan request to the Marketplace, it will then need to be accepted to be funded by a Lender (a user on the app such as yourself). This time period of waiting for your loan to be accepted can vary in time. However, when a loan is accepted to be funded by a Lender and both parties agree on the terms, it takes only minutes for the funds to be deposited into the Borrower's SoLo wallet.
Here are a few points to keep in mind:
1. Funding a loan request is up to the discretion of individual lending members. Borrowing members choose how much and when they pay, including if they want to add an optional tip to the lending member or donation to SoLo. Borrowing members have 100% optionality and control over the terms of their loan, and any amount paid in addition to the loan principal is voluntary. Electing not to tip or donate has no impact on a member’s ability to request a loan, nor does the SoLo platform give a member preferential treatment for including a tip or donation.
2. You can increase your trust in the platform by paying your loans back early or on time. This will increase your SoLo Score, and will also be visible to lending members in your loan history. The higher your score, the more trust future lenders will have in you.
3. Your loan will be active in the Marketplace for up to 3 days. At that time, if it remains unfunded, it’ll be automatically canceled. Upon cancellation, you can immediately create a new request.
4. We offer a SoLo Protection Program to Lenders which provides additional protection for your investments. Regardless of whether you choose to enroll in our Protection Program, we always make our best effort to recover funds for our Lenders.
5. We offer a grace period on all loans during which no late fees are applied.
We hope this information is helpful. Please let us know if you have any additional questions.
Thank you,
SoLo Community Expert
Great service
16 May 2026
Reply from SoLo Funds
Dear Samuel,
We’re thrilled to hear you’re enjoying the service. Providing a reliable and seamless experience is our top priority, and we appreciate your support!
Thank You,
SoLo Community Expert
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