Cofounder of #SoloFunds, Rodney Williams has created an easy and effective way for everyone to safely borrow the money they need on their own terms. https://solofunds.com/ In 2015, Rodney Williams, a serial entrepreneur and founder of LISNR, wanted to find ways to bring equity to financial services. Williams comes from an economically disadvantaged background and remembers a time when his electricity was shut off as a child because his mother didn’t have enough money to pay for it. With the experiences from his upbringing in mind, Williams and his cofounder Travis Holoway devised a platform that would lessen the impact that emergency situations have on economically disadvantaged families. The platform, SoLo, uses a new model for peer-to-peer lending. It provides access to loans between $50 and $500, with terms set by the borrower. With over 325,000 users, SoLo Funds is a rare, equitable option for those who don’t typically have access to emergency funds. SoLo Funds is the only Black-owned financial services Certified B Corp in US & Canada. With only 4,111 companies certified by B Lab, and only 13 Black-owned companies in the US & Canada, SoLo Funds joins a small group of businesses committed to ushering in innovations for a better world. As part of their B Corp evaluation, led by the nonprofit B Lab, SoLo scored 10/10 for their mission-locked impact business model and 4.1/5 for customer stewardship. This announcement comes following the recent launch of SoLo Causes which further extends SoLo’s impact by committing dollars to organizations making meaningful change for its community.
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