Stay updated with breaking news from Travis Holoway. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/PRNewswire/ -- Today, SoLo Funds, Inc. announces an agreement with the California Department of Financial Protection & Innovation, to resume operations in the...
Backed by Serena Ventures, SoLo has achieved success by creating a community finance platform that allows users access to funds as borrowers and make an impact as lenders.
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.
Cofounder Rodney Williams has created an easy and effective way for everyone to safely borrow the money they need on their own terms.
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...