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SoLo Funds reaches $2 million worth of loan transactions in 11 months

SoLo Funds Inc CEO Travis Holoway tells Proactive Investors the California-based peer-to-peer lending platform company has processed $2 million worth of loans since it was launched almost one year ago,providing users with loans less than $1,000.

Holoway says the privately-held tech platform is looking to eventually work with large banks to increase this volume, phasing individuals from the SoLo platform to onboard to large banking institutions based on credit metrics they've gained from the platform, hinting a partnership is underway before the end of 2019.

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