S
SoLo Funds
An online community where members can request and fund short-term needs
About SoLo Funds
SoLo Funds, Inc. is a financial technology company that operates a community finance platform designed to facilitate peer-to-peer lending. The platform allows members to request and provide short-term loans, enabling individuals to support each other financially in times of need. SoLo Funds serves a diverse range of clients, primarily individuals who require quick access to funds or wish to lend money to others within the community. The company operates in the financial technology market, focusing on providing accessible and equitable financial services.
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The business model of SoLo Funds revolves around connecting borrowers and lenders directly, bypassing traditional financial institutions. Borrowers can request loans, which are then funded by other members of the community. The platform generates revenue through optional tips from borrowers and lenders, as well as fees for additional services such as credit building and lender protection.
SoLo Funds makes money by charging for premium services and through partnerships with third-party service providers. The company also offers a debit card with no fees and a global ATM network, issued by Bangor Savings Bank.
At a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Los Angeles, United States
- Employees
- 76
- Open positions
- 4
- Dealroom signal
- 89.5/100
- Industry
- Fintech
- Sub-industry
- Mortgages & Lending
- Sector
- Fintech, B Corp, financial inclusion
- Technology
- Mobile app
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Latest news
Press, funding announcements and product moves mentioning SoLo Funds.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| OtherOther financing | Mar 2023 | $0 | — | Serena Ventures | ↗ |
| EARLY VC✓Equity / VC | Apr 2021 | $0 | — | Platform Venture Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for SoLo Funds is 60K monthly website visits, up 13.2% over the last three months. SoLo Funds's team grew 18.8% over the past year.
Open positions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Richelieu Dennis
Series A4 investors entered at this stage
Techstars
ACME Capital
Endeavor Catalyst
Platform Venture Capital
Other known investors20 additional known investors
Serena Ventures
100 Black Angels + Allies Fund
1863 Fund
Alumni Ventures
Backstage Capital
CEAS Investments
gener8tor
Impact America Fund
Inclusive Fintech 50
JumpStart Ventures
Marlon Nichols
Realm Capital Ventures
Reign Ventures
Right Side Capital Management
Riyadh Techstars Accelerator
Rolling Fun
Serac Ventures
Simon Lancaster
TechSquare Labs
Towerview Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about SoLo Funds on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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