Technology has changed the world in many ways over the past few decades, and the financial sector has been one area that has seen some of the greatest leaps forward. Not only are old processes and schools of thought being upgraded to modern standards of speed and convenience, but entirely new products and markets have emerged. However, with all these changes come new questions of ethics and responsibility. So where does that leave fintech products and companies?Read More
Renting can sometimes be considered more of a young person's living strategy - those from early college age into their late 20s - but data from the Pew Research Center makes it clear that things aren't nearly so cut and dried. As of 2016, 43.3 million people referring to themselves as heads of household (which includes single individuals) for U.S. Census Bureau questionnaires said they rented their residences. Percentage-wise, that comes out to 36.6 percent, which is close to the all-time-high 1967 figure of exactly 37 percent. Additionally, renting rates are up among demographic groups traditionally viewed as homeowners, such as middle-aged adults.
All told, renting in America is on a significant upward trajectory.Read More
Day-to-day, managing your money is a lot easier if you’re able to keep track of spending and have a place to store your hard-earned cash. If you’re looking into getting an account at a bank, there are a few things you need to know.Read More
New to lending on the SoLo app? Our Marketplace is a platform that empowers lenders to utilize a portion of their uninvested savings in an unconventional way. We have seen accomplished lenders use our platform for many reasons since our launch in 2018— the two main ones being to help others and to enjoy a good financial return. The most successful power-lenders on SoLo have maintained a portfolio with limited defaults, and we connected with some of them to gather their best tips and strategies to guide you as you begin your lending journey.Read More
We’re an app. We’re a Marketplace. We’re a facilitator. But first and foremost, we’re here to help. SoLo is a mobile lending exchange that connects lenders and borrowers to provide affordable access to loans under $1,000. We've already helped more than 100,000 people through hard times by providing a tool for them to secure the short-term cash that they need. Our app is free to download and request loans as a Borrower, or fund them as a Lender.Read More