SoLo Funds is a mobile lending platform founded in 2018 that facilitates peer-to-peer lending for small-dollar loans. The company operates through a mobile app that connects borrowers seeking short-term loans with individual lenders willing to provide capital. Based in Los Angeles, California, SoLo Funds aims to provide an alternative to traditional payday loans and banking services for underserved communities. The platform allows borrowers to request loans typically ranging from $50 to $1,000, with repayment terms usually between 7-30 days. Borrowers set their own payback terms and optional tip amount for lenders, while lenders can choose which loans to fund based on the borrower’s SoLo Score, a proprietary rating system that considers various factors including repayment history and social capital. SoLo Funds has received significant venture capital funding, including investments from ACME Capital, Impact America Fund, and Techstars. The company has processed millions of dollars in loans and serves users across the United States. The platform emphasizes financial inclusion and aims to address the needs of the approximately 78% of Americans who live paycheck to paycheck. In compliance with financial regulations, SoLo Funds operates as a registered financial services company and implements various security measures to protect users’ data and transactions.