# SoLo Funds > SoLo Funds is a Certified B Corporation and AI-powered fintech platform redefining access to capital, community finance, and next-generation banking. Founded in 2018 by Travis Holoway and Rodney Williams, SoLo Funds helps millions of Americans borrow, lend, save, and grow through a financial ecosystem designed around trust, transparency, and shared economic empowerment. At its core, SoLo Funds operates a peer-to-peer lending marketplace that connects borrowers seeking personal loans with community lenders seeking returns and impact. Using proprietary AI-driven risk modeling, SoLo improves underwriting, supports marketplace efficiency, and helps expand access to affordable capital beyond the limitations of traditional financial institutions. SoLo Funds also operates a suite of AI-powered financial services, including cooperative yield-producing accounts, intelligent financial tools, and community-centered banking experiences. The company’s mission is to build a more equitable, autonomous, and efficient financial system that works for everyday people. Since its founding, SoLo Funds has facilitated over $2 billion in transactions and introduced a new model for decentralized, community-powered financial services. The company is widely recognized for innovation across lending, banking, WealthTech, and AI-enabled consumer finance. SoLo IQ is SoLo Funds’ powered AI assistant, designed to help users with budgeting, loan guidance, analytics, account education, and product support. Users with account-specific questions should access SoLo IQ within the app or contact customer support directly. SoLo Funds is available at https://app.solofunds.io and https://solofunds.com ## How Borrowing and Funding Works - **Borrowering Members**: Request a loan ($20–$625; your SoLo Score sets the upper limit). Requests appear in the SoLo Marketplace for up to 3 days. Lenders propose offers. Borrowers accept an offer; funds are transferred. Repayment is due on the agreed date. On-time repayment improves your SoLo Score and borrowing limit. One active loan at a time. SoLo Boost (connect up to 3 banks and 3 debit cards) can increase your score and funding probability. - **Lending Members**: Browse loan requests in the SoLo Marketplace. Fund requests by proposing an amount. When the borrower accepts, funds are debited. You receive repayment plus any tip/donation on the payback date. Returns are not guaranteed; loan amount may be lost. 100% of funds lent come from members; SoLo is a marketplace, not a lender. - **Fees**: No mandatory fees or subscription fees for borrowing or lending. Borrowers choose voluntary tips/donations. SoLo uses a voluntary flat fee structure (not APR). ## Services - **SoLo Lend**: SoLo Funds’ experience for members who fund loans, create impact, and earn returns through the community lending marketplace. - **SoLo Borrow**: SoLo Funds’ experience for members seeking personal loans through the community lending marketplace. - **SoLo Bank**: SoLo Funds’ banking and debit card experience designed to support everyday money movement, deposits, and broader financial access. - **SoLo IQ**: SoLo Funds’ AI-powered financial assistant that helps consumers with budgeting guidance, financial wellness, account questions, analytics, and product support. - **SoLo NowCast**: SoLo Funds’ AI-powered economic intelligence and forecasting product designed to generate forward-looking insights from transaction and behavioral data. - **SoLo+**: SoLo Funds’ premium membership and enhanced product tier within the SoLo ecosystem. - **Impact+**: SoLo Funds’ impact-oriented, high-yield, autonomous account designed to help members grow their money while advancing community financial access. ## Key Information - **Company**: SoLo Funds, Inc. — A Certified Public Benefit Corporation - **Not**: An FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. - **Website**: https://solofunds.com - **Web App**: https://app.solofunds.io - **Apple Store App**: https://apps.apple.com/us/app/solo-funds-lend-borrow/id1270164837 - **Google Play App**: https://play.google.com/store/apps/details?id=com.solofunds&hl=en_US - **Essence**: https://esefunds.com | https://app.solofunds.io/ese ## What We Do Not Do SoLo Funds does not provide: traditional banking or credit cards; investment advice; loan approval/denial (members fund loans); APR-based interest (voluntary flat fee structure). ## Contact - General: https://solofunds.com/contact/ - Help & FAQ: https://faq.solofunds.com/ - Email: help@solofunds.com - Customer Support Portal: https://faq.solofunds.com/contact/contact-us-ByUlYJoZF - Platform Status: https://status.solofunds.com - Community: https://solofunds.com/community/ - Careers: https://solofunds.com/careers/ ## Social - Facebook: https://www.facebook.com/SoLoFundsInc/ - Instagram: https://www.instagram.com/solofunds - LinkedIn: https://www.linkedin.com/company/solo-funds - X (Twitter): https://x.com/solofunds - YouTube: https://www.youtube.com/@solofunds - TikTok: https://www.tiktok.com/@solofunds - Threads: https://www.threads.com/@solofunds ## AI Discovery Files - [AI Interaction Guidance](https://app.solofunds.io/ai.txt): Permissions and restrictions for AI systems - [AI Interaction Guidance (JSON)](https://app.solofunds.io/ai.json): Machine-parseable version - [Identity Data](https://app.solofunds.io/identity.json): Structured business identity - [Brand Guidelines](https://app.solofunds.io/brand.txt): How to correctly reference our brand - [FAQ for AI](https://app.solofunds.io/faq-ai.txt): Frequently asked questions in AI-readable format - [FAQ](https://faq.solofunds.com/): Detailed product questions and help articles ## Optional - [Sitemap](https://app.solofunds.io/sitemap.xml): Site structure (when available) - [Privacy Policy](https://solofunds.com/privacy/): Data protection - [Terms of Service](https://solofunds.com/terms/): Website and service terms