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SoLo is a mobile lending exchange connecting lenders and borrowers for access to loans under $1,000
Solo Funds is a P2P lending platform that enables users to apply for up to $1000 in loans. It is a mobile lending exchange that connects lenders and borrowers.
Users simply have to post their request on the marketplace by inputting details like loan amount, payback date, and lender markup. The loans requests are then searched and funded by lenders after browsing the marketplace. Additionally, it also helps users to increase their credit score.
The company earns revenue by a transaction-based model.
Lenders and borrowers.
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