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'We're not the bad guys': SoLo Funds co-founder on accusations from state regulator

The state of Connecticut recently handed the small-dollar marketplace loan provider a cease-and-desist order, but Rodney Williams says his company is getting much-needed emergency funds into marginalized communities at a low total cost, and that the rules need to be rewritten.
United States Travis Holoway Rodney Williams Consumer Financial Protection Bureau Chase Bank Connecticut Banking Commissioner

SoLo Funds is a payday loan alternative with bigger plans

advertisement advertisement Travis Holoway, the CEO and cofounder of SoLo Funds, says his startup isnโ€™t just a quick way to take out a small, short-term loan. Itโ€™s the start of something bigger. advertisement advertisement The startup, which raised $10 million in a Series A funding round last week, offers an app in which users can loan money to one another. Borrowers usually grant a small โ€œtipโ€ to their lenders when paying the money back, and in turn build up a โ€œSoLo Scoreโ€ that hel...
New York United States Travis Holoway Lauren Saunders Rodney Williams Consumer Financial Protection Bureau

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