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SoLo Funds logo — Community finance is the answer.

SoLo Funds

Community finance is the answer.

Founded 2018 United States Los Angeles, United States 60 employees Venture round Total: $13.02M Financial Services, Fintech +2

General Information

Company Name SoLo Funds
Founded Year 2018
Location United States Los Angeles, United States
Employees 60
Industries Financial Services, Fintech, Lending and Investments +1
Funding Stage Venture round
Social

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About SoLo Funds

SoLo Funds is a financial service provider that aims to create a community finance platform where members support each other. Their slogan, "Community finance is the answer," encapsulates their mission. Established in 2018 in the United States, SoLo Funds launched with the objective of offering an alternative, equitable, empowering, and community-driven approach to lending. Since then, they have facilitated millions of transactions and redefined financial services for their community. Their latest achievement includes a Venture Round investment in March 3, 2023, which was backed by Serena Ventures. As they endeavor to expand their reach and offerings, SoLo Funds remains committed to their mission of fostering financial autonomy through people-powered solutions. For more information, visit www.solofunds.com.

Business keywords: community finance, lending alternative, equitable, empowering, community-driven, financial autonomy, emergency funding, credit building, premium member services, real people, marketplace, SoLo Funds, community members, financial inclusion

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 1
Serena Ventures
03 Mar 2023
Series A $10.00M 7
CEAS Investments, Techstars +5
10 Feb 2021
Series A $100.00K 4
Right Side Capital Management, Techstars +2
12 Jan 2021
Convertible Note Undisclosed 2
CEAS Investments, Plug and Play
31 Aug 2020
Seed Round $1.60M 6
MaC Venture Capital, Impact America Fund +4
02 Oct 2019
Pre Seed Round $120.00K 1
Techstars
16 Jul 2018
Convertible Note $1.20M 6
JumpStart, Qey Capital +4
01 May 2017

SoLo Funds Alternatives & Competitors

View All Alternatives
SoLo Funds vs
OppFi
OppFi United States

Tech-enabled mission-driven specialty finance platform broadening the reach of community banks to ex...

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447 employees
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SoLo Funds vs
Koyo
Koyo United Kingdom

Only relying on credit checks is old fashioned, unfair and ineffective. So we thought we’d shake thi...

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SoLo Funds vs
Nikel
Nikel Indonesia

Improving access to financial services

Seed
396 employees
Finance, Financial Services

FAQ About SoLo Funds

Community finance is the answer.
SoLo Funds was founded in 2018.
SoLo Funds is headquartered in Los Angeles, United States.
SoLo Funds operates in Financial Services, Fintech, Lending and Investments and Banking. Its work centres on community finance, lending alternative, equitable and empowering.
SoLo Funds has approximately 60 employees.
SoLo Funds has completed 7 funding rounds, raising a total of $13.02M. The latest funding stage is Venture round.
Top alternatives and competitors to SoLo Funds include OppFi, Koyo, Nikel, Yendo, Solven. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SoLo Funds and OppFi are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SoLo Funds, https://bouncewatch.com/company/solo-funds, updated 24 March 2025. When citing, please name BounceWatch and link this page.

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