SoLo - About the company
SoLo is a series A company based in Los Angeles (United States), founded in 2018 by Taylor Conophy. It operates as a Provider of P2P marketplace platform for personal loans. SoLo has raised $12.9M in funding from investors like Techstars, Gener8tor and Serena Ventures. The company has 184 active competitors, including 10 funded and 5 that have exited. Its top competitors include companies like Prosper, LendingPoint and Lendable.
Company Details
Provider of P2P marketplace platform for personal loans. It provides users with a platform that connects borrowers with multiple investors and lenders. It also users are connected with investors based on credit scores. It provides an app-based platform that is available on Android devices.
- Website
- solofunds.com
- Email ID
- *****@solofunds.com
Key Metrics
Founded Year
2018
Location
Los Angeles, United States
Stage
Series A
Total Funding
$12.9M in 5 rounds
Latest Funding Round
Ranked
5th among 184 active competitors
Employee Count
75 as on Jun 30, 2026
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SoLo's funding and investors
SoLo has raised a total funding of $12.9M over 5 rounds. Its first funding round was on Apr 03, 2018. Its latest funding round was a Series A round on Feb 28, 2023 for $*****. 1 investor participated in its latest round. SoLo has 22 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of SoLo:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 28, 2023 | 7356902 | Series A | 2926192 | 3974436 | 9108318 | 5015497 |
2021 | 3590 | Series A | 5730 | 6962 | 5397 | 1596 |
Feb 10, 2021 | 3771687 | Series A | 4792966 | 9986187 |
View details of SoLo's funding rounds and investors
SoLo's founders and board of directors
Founder? Claim ProfileThe founders of SoLo is Taylor Conophy.
Here are the details of SoLo's key team members:
- Taylor Conophy: Co-Founder of SoLo.
View details of SoLo's Founder profiles and Board Members
SoLo's employee count trend
SoLo has 75 employees as of Jun 26. Here is SoLo's employee count trend over the years:
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SoLo's Competitors and alternates
Top competitors of SoLo include Prosper, LendingPoint and Lendable. Here is the list of Top 10 competitors of SoLo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Prosper 2005, San Francisco (United States), Series G | P2P Lending Marketplace | $414M | 83/100 | |
2nd | LendingPoint 2014, Atlanta (United States), Series B | Personal loans provider offering financial solutions with proprietary technology and AI | $325M | 71/100 | |
3rd | Lendable 2014, London (United Kingdom), Series B | An online platform for personal loans | $293M | 69/100 | |
4th | OneBlinc 2018, Dania Beach (United States), Series A | An online lending platform for federal employees | $36.4M | 59/100 | |
5th | SoLo 2018, Los Angeles (United States), Series A | Provider of P2P marketplace platform for personal loans | $12.9M | 57/100 | |
6th | Dharma 2017, San Francisco (United States), Acquired | Blockchain-enabled lending protocol | $7.12M | 53/100 | |
7th | Mercury Financial 2013, Columbus (United States), Acquired | Online marketplace for personal loans & credit cards for individuals | - | 50/100 | |
8th | Future Finance 2014, Dublin (Ireland), Deadpooled | Online platform for student loans | $155M | 49/100 | |
9th | Vouch 2014, San Francisco (United States), Deadpooled | A social lending platform that uses the borrower's network as sponsors. | $9.6M | 48/100 | |
10th | LendStreet 2010, Sunnyvale (United States), Series A | Online platform for refinancing debt | $17M | 46/100 |
Looking for more details on SoLo's competitors? Click here to see the top ones
SoLo's Investments and acquisitions
SoLo has made no investments or acquisitions yet.
Reports related to SoLo
Here is the latest report on SoLo's sector:
News related to SoLo
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Solo Announces Connecticut State Resolution Bringing the Community Finance Platform Back to ResidentsFintech Finance•May 17, 2023•SoLo
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SoLo Funds settles lawsuit over predatory lending accusations in District of ColumbiaTechCrunch+•May 11, 2023•SoLo
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P2P Lender SoLo Funds Announces Mastercard Integration to Expand Access to Affordable LoansCrowdfund Insider•Apr 04, 2019•SoLo, Mastercard
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