Borrow and lend from anyone in the country! Join thousands of users and have access to affordable loans at your own terms and one of the best investment options ever created for our lenders. Sign up in just a few minutes! Supported by leading investors, innovators and press like Forbes, Techstars and Money 20/20.

--Earn Money While Helping Others--
Be a lender to help a peer in financial distress while still making a return on your money. Use our SoLo Score to determine a borrower's creditworthiness prior to funding loans. Create a balanced portfolio of new users or lower scores with users with multiple transactions and higher scores. On the agreed upon repayment date, an automatic draft is made from the borrower's bank account. No need to reach out for a reminder, we'll remember for you! SoLo allows anyone with extra cash to make a social impact.

“A model for lending that doesn’t screw over the consumer.” Techstars, Lesa Mitchell

--Borrow up to $1,000, On Your Own Terms--
Borrow today and receive funds immediately at your own terms. We allow individuals to lend and borrow directly. SoLo simply provides a structured marketplace for individual lenders and borrowers to meet. The more borrowers borrow and return funds successfully the more they can borrow and increase their SoLo score. Sign up in minutes, set your terms and post to the marketplace. Start off with favorable terms for your 1st lender and build a successful relationship with the platform that rewards positive lending and borrowing activity.

Finally “An App For Borrowers Living Paycheck to Paycheck” - Forbes

--Safe & Secure --
We take the safety of your personal information seriously and we are committed to protecting it. Our hosting provider is a Level 1 Service Provider under PCI DSS. At no point does SoLo ever store your online banking credentials. Banking credentials are used to authenticate and verify that you are indeed the owner of the account. Additionally, each depositor's account held at our partner bank are insured for at least a balance of $250,000.

--Free Education--
SoLo provides users with a full financial literacy curriculum. We believe that access to information is the key to building smart financial habits. Take courses, learn, and share this free resource with others. Knowledge is wealth, help us spread it!

If you need help, please contact us anytime. Email us at and we will get back to you quickly.

SoLo is affordable and easy. We’ve created a way for you to stop lending and borrowing solely from friends and family because that’s embarrassing and stressful. We’ve removed the strain on personal relationships, and eliminated the strain of payday loans. Lets prevent the debt traps created by taking payday loans and build your credit along the way!

What’s New

Version 1.42

Thanks for being a part of the SoLo community!

This release includes a bug fix to the signup flow that has prevented existing users from being able to login to their account.

Your feedback is always valuable to us. Don’t go alone, go SoLo.

Ratings and Reviews

3.6 out of 5
1.2K Ratings
1.2K Ratings
SimplySega ,

Too long to payback

I came across this app through Penny Hoarder. For my first time I was a little skeptical. It definitely does not like multiple bank account. I have a savings and checking acct. when I went to set up, I kept getting an error stating multiple accounts are not allowed at this time. I reached out and their customer service was able to fix it. For my first, only and last loan, I requested $100. This was early August. I had set up to pay it back with 5 days and a $20 interest tip.
The day I went to pay it back, I got another error message, saying my bank account info was invalid. I also tried to reach out to their customer service and kept getting errors through the app. I was able to finally email their customer service, again. 3 days later (past my payback date) I get a response email saying that everything looks good on their end. 2 days after that they deduct the money from my bank account and it posted that night. It has now been 5 days since they took money out of my account and my loan still shows “pending payback”. I wish I could jus reach out to the peer lender and give him his $120 back. I don’t want him to think I ripped him off. I have reached out to their customer service to see how long it typically takes but I’m yet to hear back from them.
Their FAQ link through the app gives you a 404 error too.
Once my loan has cleared, I’ll be deleting this app.

try another lending site ,


Don’t use this app at all. I lent out 4 loans to people with high scores and only have gotten one payment back. This company has no way of guaranteeing the lender, and there is no interest on the loans just “tips”. So the borrower isn’t actually required to pay back the so called 10 percent tip if they don’t want to. So basically the lender loans out money with a tip thinking there gonna make a little profit, but may just get back what they loaned out of the borrower pays. There communication is horrible because they only work through email and reply back to you in like two weeks, and sometimes not at all. They have this retarded donation crap that the borrower can choose to donate to the company. So basically the lender loans money to both the borrower and the company. The company makes out beautiful but the lender takes all the risk. And they try to promote it like we’re helping out each other. That’s a bunch of crap. They only give you the option to send an unpaid loan to collections, but seriously how many people actually pay back a couple hundred dollars in collections. If you’re new to lending money go to another peer to peer platform that gives more professionalism and protection to the lender if the borrower doesn’t pay back.. take my advice and don’t waste your money and lose it to this horrible company that needs to be closed. After all it’s always about making money.

JadaKiss08 ,

Lenders carry all the burden

I have been totally dissatisfied with this app. All of the risk is on the lender. If you have a loan go to collections, you just have to trust that the borrower will repay it. But if it goes past 90 days then you only get 50% back! I’ve had two loans go to collections and I have no faith that I’m getting any of that money back since it’s been like 6 months for one of them. Since the collections agency is not in communication with the lender at all, I am not even really sure that the borrower is really getting any penalty or having their credit score affected. I’m just out of $200 at this point. Also the customer service is horrible! I’ve emailed support several times asking about the collections process and about the app not working correctly with my debit card. I still haven’t gotten a response. I agree with other people that I think people are on the app to scam and get money with no intentions on paying people back. The borrower doesn’t really seem to be penalized in any way. I would only recommend this app to people who are trying to borrow money. Seems like only a win for them. Do not lend your money on this site! A possible extra $20 is not worth losing $200!


SoLo Funds Inc.
91.6 MB
Requires iOS 10.0 or later. Compatible with iPhone, iPad, and iPod touch.
Age Rating
Rated 12+ for the following:
Infrequent/Mild Profanity or Crude Humor
Infrequent/Mild Horror/Fear Themes
Infrequent/Mild Cartoon or Fantasy Violence
Infrequent/Mild Mature/Suggestive Themes
Infrequent/Mild Alcohol, Tobacco, or Drug Use or References
© SoLo Funds Inc.


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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