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SoLo Funds
Fintech · Los Angeles, United States · Founded 2018
An online community where members can request and fund short-term needs MoreLess
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.
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.
Keywords: peer-to-peer lending, financial technology, community finance, short-term loans, credit building, lender protection, rapid disbursement, debit card, financial autonomy, Certified Benefit Corporation.
Company overview
SoLo Funds company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2018
- Headquarters
- Los Angeles, United States
- Employees
- 76
- Open positions
- 4
- Dealroom signal
- 89.5
Valuation & funding
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 | — |
| SERIES A✓Equity / VC | Feb 2021 | $10M | $40M | Endeavor Catalyst · ACME Capital | — |
| CONVERTIBLE✓Equity / VC | Aug 2020 | $0 | — | Undisclosed | — |
| SEED✓Equity / VC | Oct 2019 | $1.6M | $6.4M | Richelieu Dennis | — |
| CONVERTIBLE✓Equity / VC | Jul 2018 | Techstars | — | ||
| SEED✓Equity / VC | May 2017 | Undisclosed | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $10M | 0% | 76 |
| 2025 | $10M | 0% | 64 |
| 2024 | $10M | 0% | 60 |
| 2023 | $10M | 0% | 66 |
| 2022 | $10M | +110.2% | 62 |
| 2021 | $4.9M | — | 57 |
Growth signals
SoLo Funds website traffic
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.
Hiring
Open positions at SoLo Funds
Current openings linked to this company in Dealroom.
Comparisons
SoLo Funds compared with similar companies
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Talent graph
SoLo Funds's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where SoLo Funds has talent and traffic
team presence
In the news
Latest news about SoLo Funds
Recent press, funding announcements, and product moves mentioning SoLo Funds — open to read from the original sources.
Market sentiment
What the market is saying about SoLo Funds
An AI-synthesized read of the highest-engagement posts about SoLo Funds on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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