The Work Index by Flexa

SoLo Funds

SoLo Funds is a community-driven financial technology platform that connects borrowers with lenders to offer accessible, transparent, and fair lending options.

6.3

/10

Transparency ranking

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Description

SoLo Funds is a community-based financial technology company that offers an alternative to traditional lending and banking services. The company provides a platform where members can borrow and lend money to each other, empowering financial autonomy and building a supportive network. SoLo's mission is to create a more equitable and accessible financial system, particularly for those who have been underserved by traditional financial institutions. They offer a variety of services, including peer-to-peer lending, a SoLo Wallet for managing funds, and a credit building program to help members establish or improve their credit scores.

SoLo Funds stands out for its emphasis on community and transparency. They have a focus on financial inclusion and empowering individuals to control their financial lives. SoLo Funds is committed to social impact, donating a portion of its revenue to nonprofits and working with partners to expand its reach. The company is a certified Public Benefit Corporation, demonstrating its dedication to balancing financial success with social good.

Flexibility

SoLo Funds offers a remote-friendly work environment, allowing employees to work from home. While the company encourages in-person gatherings for team building, relationship building, and celebrations, its emphasis on a remote-friendly setup provides employees with the flexibility to work from wherever they feel most productive.

Benefits

SoLo Funds offers a remote-friendly work environment with ample opportunity for in-person gatherings to foster relationships, celebrate successes, and address social challenges. The company prioritizes inclusivity and promotes personal and professional growth, with fun team channels on Slack dedicated to various interests.

Mission

SoLo Funds is a community-based financial technology platform that aims to empower individuals and support financial autonomy by providing a marketplace for peer-to-peer lending and borrowing. The company's mission is to build a more equitable and accessible financial system by creating a community where people can support each other financially, offering an alternative to traditional lenders and financial services that may not be designed for the needs of all individuals.

Data-driven
Disruptor
Social impact led
Tech for good

Culture

SoLo Funds promotes a culture of inclusivity and support, prioritizing a remote-friendly work environment that fosters personal and professional growth. The company encourages collaboration and open communication, evidenced by their lively Slack channels and discussions on various topics. Their commitment to community extends beyond their product, with a focus on building meaningful relationships amongst colleagues.

Collaborative
Fun
People-first
Progressive
Supportive
Transparent

DE&I

SoLo Funds is committed to creating an inclusive workplace where diverse individuals feel valued and supported. Their remote-friendly environment allows flexibility while providing opportunities for in-person gatherings to foster relationships and celebrate successes. The company prioritizes transparency and a quick, easy application process, manually reviewing every application and emphasizing honest storytelling in interviews. This approach aims to build a team reflective of their diverse customer base and foster an atmosphere of growth and belonging.

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