Microlender SoLo Funds helping banks enter $90-Billion payday

A new fintech startup is letting consumers make loans to peers and positioning itself as an alternative to the payday loan industry, and there’s something in it for banks too. Since launching this past April, SoLo Funds, a P2P lending platform, has processed nearly $200,000 in small-dollar short-term loans. With small

Sourced through Scoop.it from: bankinnovation.net