I had high hopes for SoLo Funds, but this platform is a complete disaster. They make it sound like a simple peer-to-peer lending app, but in reality, it’s full of hidden fees, predatory lending practices, and terrible customer service. If anything goes wrong, good luck getting a response. They will either ignore you or blame you for their own issues.
I also noticed that their app has changed drastically in recent months, and now nothing works the way it used to. They push for more money from users while providing less support. On top of that, I’ve seen multiple reports that their company is struggling financially and has a history of not paying their partners and vendors.
This is not a company you can trust with your money. If you are thinking about using SoLo Funds, I strongly advise you to look elsewhere. You’re better off avoiding them entirely.
Recommendation: Stay far away from SoLo Funds. Their platform is unstable, their customer service is terrible, and they have a history of financial mismanagement. If you value your money, find a more trustworthy alternative.