SoLo Raises $1.2 million to battle the Peer-to-Peer Lending Industry
Peer-to-peer (P2P) financing is disrupting the monetary industry via online platforms that offer people and businesses with additional revolutionary financing and borrowing options.
Options like SoLo, a mobile peer-to-peer financing change that delivers affordable use of low-value funds. We spoke with CEO/Co-founder, Travis Holoway to learn more concerning the business as well as its plans.
SoLo CEO, Travis Holoway
just just What inspired one to produce SoLo?
Travis: We began this business since when we seemed around our community we had been disgusted by having less money offered to those that seem like us. The goal of SoLo would be to fight that which we feel are a couple of associated with biggest issues presently plaguing minority communities; affordable usage of capital and economic literacy.
Every single day more folks in internal towns and cities are increasingly being lured into debt traps from payday and title lending organizations. Since we donвЂ™t show economic literacy in schools, folks are learning their monetary classes by simply making errors that are a few of the most high priced errors they’ll ever make.