50. SoLo Funds

Publishing timestamp: 2023-05-09 10:00:01

Summary

SoLo Funds is a community finance platform founded by Travis Holoway and Rodney Williams to provide access to short-term loans for underserved individuals. The company has faced controversy for its model of allowing consumers to pay tips for loans, resulting in high interest rates. SoLo is working to address legal issues and has made executive hires with experience in bank compliance and government regulation.

Sentiment: MIXED

Tickers: AFRM,

Keywords: banks, serena williams, financials, technology, affirm holdings inc, rodney williams, exclude from automated curation, personal loans, fintech, consumer credit, business news,

Source: https://www.cnbc.com/2023/05/09/solo-funds-disruptor-50.html