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Frequently Asked Questions
What is SoLo Score?
May 10 2022 6:29pmThe SoLo score is our system of measuring a borrowing member’s ability to repay. The score is based on the financial information from your external bank a...Who can be a Lender?
May 10 2022 6:22pmEveryone who joins the SoLo community is eligible to lend and borrow. However, if a member is in the process of borrowing, they can’t fund a loan at the s...What’s SoLo’s verification process?
May 10 2022 6:49pmMembers have a 3 part verification process. First, all members meet AML/KYC obligations consistent with opening a bank account. This includes providing basic in...What is SoLo Wallet?
May 8 2024 1:34amSoLo Wallet is a deposit account that enables you to transact on SoLo. Wallet is the default payment method for funding and repaying loans. You can access your ...