# SoLo Funds: Lend, Borrow, Bank — Making Gains on Your Own Terms > Peer-to-peer lending and borrowing platform with integrated banking and AI financial assistance. (iPhone/iPad app by SoLo Funds Inc..) - Source: https://appshunter.io/ios/app/solo-funds-lend-borrow-bank/id1270164837 (this page in markdown: same URL + `.md`) - Developer: [SoLo Funds Inc.](https://appshunter.io/developer/1270164836) - Category: Finance, Lifestyle - Price: Free - Rating: 4.44/5 from 42,409 App Store ratings · 987 written reviews indexed - Age rating: 4+ - Requires: iOS 18.0 · 122 MB - Languages: American English - Released: 2018-03-16 - Data updated: 2026-11-12 - Monetization: ad-supported - User reviews in markdown: https://appshunter.io/ios/app/solo-funds-lend-borrow-bank/id1270164837/reviews.md ## What is SoLo Funds? Making Gains. Borrow up to $650 on your own terms, lend to earn, and bank with SoLo Wallet. Powered by SoLo's intelligence engine, built so your money works harder for you. Borrow and save: borrow for any reason, with no payroll tie-in, no store purchase, and often for less than most other options.* Lend and grow: fund real members and earn as they repay. Lenders who fund consistently have historically outperformed standard retail options.** HOW BORROWING WORKS Borrow $20 to $650, no credit check. You set the amount, the repayment date, and any optional tip and donation, and loans are funded in 3 minutes on average. Your loan is funded by other SoLo members and repaid when you choose. No compounding interest, no hidden fees, no subscription. What you agree to is what you owe. HOW LENDING WORKS Browse loans, choose who you lend to, and earn as members repay. Every loan shows the borrower's SoLo Score, built on years of transaction data, so you can lend with precision and choose the loans that fit your strategy. SOLO PROTECTION Identity verification, biometric checks, real-time fraud monitoring, secure bank-to-bank transfers, and a safety net that may offset losses on funded loans. SOLO WALLET Free. The SoLo Wallet and SoLo Funds Mastercard Debit Card come with account and routing numbers, Apple Pay, Google Pay, and Samsung Pay. Deposit, withdraw, and spend anywhere Mastercard is accepted. SOLO IQ SoLo's AI financial co-pilot. Ask it anything about your money and get instant, private answers built around your own habits and goals. SOLO ALPHA America's best performing high-yield account.*** Built by intelligence. Join the waitlist. Members are approved on a rolling basis. RECOGNITION Certified B Corporation since 2021. Inc. 5000 Fastest-Growing Private Companies (2026). EY Entrepreneur Of The Year Greater Los Angeles finalist (2026). Banking Tech Awards USA finalist (2025). CNBC Disruptor 50 (2023). Fast Company World Changing Ideas finalist (2021, 2022). *Cost comparisons from the 2026 Cash Poor Report, a national survey of 2,000 U.S. adults conducted with Opinium Research. **Consistent SoLo lenders have historically averaged 24%+ annual returns, per SoLo platform data. Returns are not guaranteed or FDIC insured and vary by loan selection, portfolio size, and activity. Lending involves risk, including loss of principal. Past performance does not guarantee future results. ***SoLo Alpha is offered by SoLo Cooperative, a separate legal entity from SoLo Funds, Inc.; neither guarantees the other's obligations. Not a bank deposit; not FDIC insured. APY is a trailing 12-month average for strategies using SoLo Funds borrowers with a SoLo Score of 55+. Returns vary and are not guaranteed. Availability varies by state. SoLo Funds, Inc, a Certified Benefit Corporation, is not a bank. Banking services provided by Bangor Savings Bank, Member FDIC. The SoLo Funds Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted. For more information please visit our website https://solofunds.com/. (1) $650 Cash Requests: Criteria applies, see Terms https://solofunds.com/terms/ for more details. (2) SoLo Wallet: The bank services are provided by Bangor Savings Bank, Member FDIC. All loans regardless of the early schedule payment have the same terms, with 90 days for repayments and default. The early repayment schedule for a loan request can differ between members with all loans up to 90 days to pay in full until defaulted. Your initial scheduled early repayment date can be skipped without issue and repaid manually in-app at any time with minimum and maximum repayment schedule up to 90 days. All loans have up to 90 days to pay in full until defaulted. See SoLo's Privacy Policy https://solofunds.com/privacy ## Key features - 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 ## Chart rankings - #183 in Top Free · Finance (US App Store) ## What do users think of 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. **Pros** - 💰 Helpful for emergencies - 🤝 Community-driven lending platform - ⚡ Quick loan funding - 🕰️ Flexible repayment periods - 🆙 Ability to build credit score **Cons** - 🤷‍♂️ Inconsistent customer support - 🤯 Unclear fees and policies - 🤕 High risk of loan defaults - 🤬 Lack of lender protection - 📉 Declining lender satisfaction **Commonly reported bugs** - App crashes and freezes - Payment processing issues - Account verification problems - Compatibility problems with certain cards **Most requested features** - Improved lender vetting process - Automated loan recovery system - Transparent reporting on loan statuses - Ability to filter borrowers by credit history - Enhanced communication channels ## Is SoLo Funds safe? SoLo Funds: Lend, Borrow, Bank appears safe based on user ratings. The AppsHunter Safety Score for SoLo Funds is 89 out of 100. This assessment is based on 42,409 user ratings, with an App Store average of 4.4 out of 5. Of 42,235 App Store ratings, 85.5% point to a safe experience, 2.0% suggest some concerns, and 12.5% point to a risky experience. ## Is SoLo Funds legit? SoLo Funds: Lend, Borrow, Bank appears to be a legitimate app. The AppsHunter Legitimacy Score for SoLo Funds is 93 out of 100 points across 7 verification signals from App Store and developer data. ## Recent user reviews (10 of 987) All indexed reviews: https://appshunter.io/ios/app/solo-funds-lend-borrow-bank/id1270164837/reviews.md ### 5/5 — Is SoLo Worth Your Time? *2026-11-10, version 4.5* 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! ### 5/5 — Great app amazing *2026-11-10, version 4.5* Solo came in handy when I really needed it ### 3/5 — Community *2026-11-10, version 4.5* So far , so good….still up for rating , numbers are poor atm.. ### 5/5 — Definitely Recommend *2026-11-10, version 4.5* 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! ### 5/5 — App is great *2026-11-09, version 4.5* I needed it in a crunch and it came through ### 5/5 — Process *2026-11-09, version 4.5* Great! ### 1/5 — Not capitalism *2026-11-08, version 4.5* You are not going to make no profit here only the company who u have to pay has soon has your lending the money most people won’t pay u back. ### 5/5 — SOLO *2026-11-07, version 4.5* Download and join, they really do help you and doesn’t deny or judge by credit score ### 5/5 — Helpful *2026-11-07, version 4.5* Always very helpful in need ### 5/5 — Awesome Service! *2026-11-07, version 4.5* I am so thankful I found SoLo Funds! My car battery unexpectedly went out, and I was struggling to come up with the money to replace it. I decided to give SoLo Funds a try and requested $100. To my surprise, within just a few minutes, someone came through for me! I honestly wanted to cry because I really needed that help. Sometimes life throws things at you when you’re already trying to make ends meet, and even $100 can make a huge difference. I am beyond grateful to the person who helped me when I needed it most. Thank you for being a blessing during a difficult time! ❤️ ## Frequently asked questions about SoLo Funds ### 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. ## Version history (last 5 releases) ### 4.5 — 2026-11-04 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. ### 4.4 — 2026-10-30 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. ### 4.3 — 2026-10-27 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. ### 4.2 — 2026-10-22 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. ### 4.1 — 2026-10-21 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. 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User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-11-12.*