Wednesday, February 10, 2021

SoLo Funds Snags $10M

Los Angeles-based SoLo Funds, a startup which operates an online crowd-lending marketplace, letting users lend and borrow funds from each other, has raised $10M in a Series A round. The funding was led by ACME Capital, and also included Impact America Fund, Techstars, Endeavor Catalyst, CEAS Investments and others. The company says it has now raised a total of $12M in funding. The company was co-foudned by Rodney Williams and Travis Holoway. The company says it lets users with exceeds funds to supply short-term funds for immediate needs to other users. The company's service revolves around mobile apps which run on iOS and Android.