November 13, 2025
SoLo Funds Members Have Given $700M in Loans to Those Needing Immediate Access to Capital
*Originally featured in Fast Company
AI-powered Community Banking Solution Is Humanizing Money By Turning Everyday People Into Agents Of Change
Los Angeles, CA, November 13, 2025 — SoLo Funds, the premier AI-powered community banking solution, is proud to share that its users have provided $700 million in loans to individuals who need immediate access to capital to pay for everyday expenses. This activity continues to demonstrate the positive impact of SoLo Funds’ AI-powered community banking model for Americans often overlooked by financial innovators. Reaching this milestone is a testament to SoLo’s technology and to the SoLo members who generously support real people in real time every day.
According to the 2025 Cash Poor Report, over 200 million Americans are living paycheck to paycheck, with limited savings and an inability to cover unplanned expenses. SoLo Funds enables these Americans to borrow money at more affordable rates and earn industry-leading returns, all of which is AI-powered, decentralized, and free from the systemic inefficiencies of traditional banking. Whereas traditional financial systems tend to be built for the wealthy and large deposit holders, with structures in place that penalize people who don’t fit that mold. SoLo Funds flipped that model by providing unparalleled returns directly to its deposit holders, enabling better access to capital for millions of Americans. This is all fueled by SoLo Funds’ AI risk model, marketplace loans, pioneering yield-producing cooperative accounts, and community-empowering banking services.
In 2025, SoLo Funds continued to see spikes in member loan requests for basic necessities like groceries, rent, and utilities. As the subprime market expands due to innovations like BNPL and EWA, alongside macroeconomic factors such as inflation, tariffs, government shutdowns, and layoffs, SoLo has emerged as a unique financial buffer, offering a proven financial lifeline for millions amid tough economic times and rising costs.
Founded in 2018 by Travis Holoway and Rodney Williams, SoLo Funds pioneered a new model of financial services that are equitable, empowering, and people-led. Since then, we’ve facilitated over $1.4 billion in transactions, with groundbreaking innovations in lending, banking, and WealthTech. SoLo Funds platform operates a community of 2 million members rooted in trust, transparency, and a shared commitment to financial well-being and lower default rates.
“Members of SoLo Funds lend and grow together,” said Rodney Williams, Co-Founder, President of SoLo Funds. “Our macroeconomic system is what’s driven SoLo to innovate against incredible adversity for all Americans. The heart and soul of SoLo are its community of members, but its brain is accelerated by unparalleled advancements in financial technology and AI risk modeling, all of which make SoLo Funds the financial ecosystem of the future.”
For more information on SoLo Funds, visit https://solofunds.com
About SoLo Funds
SoLo Funds is the premier AI-powered community banking solution providing unparalleled returns and access to capital for millions of Americans, fueled by its AI risk model that enables marketplace loans, pioneering cooperative yield-producing accounts, and community-empowering banking services. Founded in 2018 by Travis Holoway and Rodney Williams, SoLo pioneered a new model of financial services that are equitable, empowering, and people-led. Since then, SoLo has facilitated over $1.4 billion in transactions, with groundbreaking innovations in lending, banking, and WealthTech. As SoLo leads the next era of AI-powered financial services, its mission remains clear: to build a financial system grounded in community, autonomy, efficiency, and access for all.
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Brennan Nevada Johnson