Stay updated with breaking news from Solo Score. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a complaint against SoLo Funds, Inc., a fintech company operating a small-dollar, short-term lending platform....
She's going to make a scene at the party.
advertisement advertisement Travis Holoway, the CEO and cofounder of SoLo Funds, says his startup isn’t just a quick way to take out a small, short-term loan. It’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 “tip” to their lenders when paying the money back, and in turn build up a “SoLo Score” that helps them take out larger loans in the future. While Holoway says SoLo’s immediate purpose is to pro...