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SoLo Funds: Lend, Borrow, Bank

SoLo Funds: Lend, Borrow, Bank

Making Gains on Your Own Terms

42K ratings
987 reviews
With Ads#180 in free Finance
🌟 Lifestyle
💰 Finance
Free
With Ads

Details

Released
March 16, 2018
Updated
November 4, 2026

Features

Developer

SoLo Funds Inc.
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About

Borrow up to $650 without a credit check, setting your own repayment terms. Lend to other members to earn returns, and manage your finances with a free digital wallet and AI financial co-pilot. Offers identity verification and fraud monitoring for security.

✓Borrow up to $650
✓No credit check required
✓Lend to earn returns
✓Free SoLo Wallet
✓AI financial co-pilot (SoLo IQ)
✓Identity verification and fraud monitoring
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What users say about SoLo Funds

Reviews of SoLo Funds are mostly negative: the Finance app is rated 4.4/5 from 42K App Store ratings. What users like most: helpful for emergencies, community-driven lending platform. Top complaints: inconsistent customer support, unclear fees and policies. Summarized from real user reviews.

Positive things

  • 💰Helpful for emergencies
  • 🤝Community-driven lending platform
  • ⚡Quick loan funding
  • 🕰️Flexible repayment periods
  • 🆙Ability to build credit score

Negative things

  • 🤷‍♂️Inconsistent customer support
  • 🤯Unclear fees and policies
  • 🤕High risk of loan defaults
  • 🤬Lack of lender protection
  • 📉Declining lender satisfaction
See all reviews

What's New in SoLo Funds

4.5

November 4, 2026

Making Gains. SoLo has a new look and a new way of describing what we do. NEW LOOK: Redesigned from the ground up. Cleaner screens, faster paths to borrowing, lending, and your SoLo Wallet, and a new home for SoLo IQ. NEW DIRECTION: SoLo is a financial intelligence ecosystem for every class. Capital when you need it. Yield when you have it. Intelligence every step of the way. Everything you rely on works the same, with less in the way.

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Charts

Top Free

📈 180+6

Finance

This app rose +6 positions in Finance chart.

Last updated on November 12, 2026.

User reviews

Most RecentHighest RatedLowest Rated

Is SoLo Worth Your Time?

What a hidden gem for many that don’t know SoLo exists! Thank you Arlan Hamilton for sharing your knowledge. SoLo is well worth my time and money!
DDOMINIQUED617

Great app amazing

Solo came in handy when I really needed it
AAyoUnkmigo

Community

So far , so good….still up for rating , numbers are poor atm..
RSRoddy Sixx

Definitely Recommend

I just barely created an account with SoLo Funds because I had seen an ad online and decided to try it out because unfortunately I am currently extremely low on funds till next payday due to everything being being expensive nowadays and within hours I got funded so I can make it to and from work tomorrow. Thank you thank you! I am beyond grateful!
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LLizz980000

App is great

I needed it in a crunch and it came through
NVNox the viewer
See 982 more reviews

User experience

🐞

Reported Bugs

4 issues

App crashes and freezes

Bug

Payment processing issues

Bug

Account verification problems

Bug

Compatibility problems with certain cards

Bug
✨

Requested Features

5 requests

Improved lender vetting process

Feature

Automated loan recovery system

Feature

Transparent reporting on loan statuses

Feature

Ability to filter borrowers by credit history

Feature

Enhanced communication channels

Feature

FAQ

How does SoLo Funds work for borrowing?

You can borrow between $20 and $650 without a credit check. You set the repayment date and any optional tip or donation, with loans typically funded in 3 minutes. The amount you owe is fixed with no compounding interest or hidden fees.

How does SoLo Funds work for lending?

You can browse loans from other members and choose who to lend to, earning as they repay. Each loan displays the borrower's SoLo Score, which is built on years of transaction data, to help you make informed lending decisions.

What security features does SoLo Funds offer?

SoLo Funds provides identity verification, biometric checks, real-time fraud monitoring, and secure bank-to-bank transfers. They also offer a safety net that may offset losses on funded loans.

What is SoLo Wallet?

SoLo Wallet is a free digital wallet that comes with account and routing numbers, and supports Apple Pay, Google Pay, and Samsung Pay. You can also get a SoLo Funds Mastercard Debit Card for spending anywhere Mastercard is accepted.

Does SoLo Funds have ads?

Yes, SoLo Funds contains advertisements. As a free platform, advertisements are part of its operational model.

What is SoLo IQ?

SoLo IQ is an AI financial co-pilot that allows you to ask questions about your money and receive instant, private answers tailored to your habits and goals.

What are the risks of lending on SoLo Funds?

Lending involves risk, including the potential loss of principal. While lenders who fund consistently have historically outperformed standard retail options, returns are not guaranteed or FDIC insured and vary based on loan selection and activity.

What is the user sentiment for SoLo Funds?

User reviews indicate a mixed sentiment. While users appreciate the helpfulness for emergencies, community-driven lending, quick funding, and flexible repayment, there are concerns about inconsistent customer support, unclear fees, and a high risk of loan defaults.