SoLo Funds is the outgrowth of co-founder and chairman Rodney Williams’ lived experience of a mother who regularly needed access to short-term cash to stay current with bills and to maintain household cohesion. Such loans were very limited and costly in his neighborhood. Rodney wanted to develop a community-based lending marketplace for small dollar amounts as an alternative to banks, high-interest credit cards, and predatory lenders that impose unfair, deceptive, or abusive terms on borrowers.
SoLo Funds operates a community peer-to-peer lending platform. The company announced 1 million registered users as of 2023, making it reportedly the largest black-owned financial technology company in the U.S. Let’s explore how Rodney and SoLo Funds are aggregating the power of community to change the game for short-term borrowers in lower-income neighborhoods.
Moving the Needle is hosted by Christopher Gergen & Johnathan Holifield, and is produced by
Earfluence.
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What is Moving the Needle?
Highlighting innovators doing needle moving sh!t to create generational wealth and inclusive competitiveness.
Communities worldwide are at an inflection point. In the devastating wake of COVID, there are unparalleled opportunities to move the needle on realizing truly inclusive prosperity, fueled by dynamic economic growth. In this moment, communities can make bold, strategic, and equitable investments. Needle moving investments not only generate catalytic and sustained community impact, but also provide meaningful financial returns for the impact investors behind them.
Moving the Needle is a podcast series featuring conversations with a globally curated mix of policymakers, philanthropists, private investors, and social innovators who are driving break-through investments that move the needle.
Hosted by Christopher Gergen and Johnathan Holifield, an uncommon pairing who arrived at the common need for “doing needle moving sh#t” from very different lived experiences. Through the podcast, Gergen and Holifield invite guests to share their own lived experiences and what led them to their transformative investment theses. Designed to be highly interactive, energetic, and personal, the conversation will leave listeners with a deeper understanding of how investment can be channeled for the greater good, inspired by the stories behind the innovation, and excited to learn more about each guest.