9 Of The Top Black Tech Founders In 2019 With $2 Billion In Combined Aggregate Valuations

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Travis Holoway is the CEO and co-founder of SoLo Funds Inc. a mobile based lending exchange platform created to provide more affordable access to loans under $1,000. | Photo: Anita Sanikop

Travis Holoway, SoLo Funds

Travis Holoway is the co-founder of SoLo Funds, a payday loan alternative that allows lenders to make loans of less than $1,000 to people all over the world — and lets people to borrow small amounts — using mobile technology.

Holoway got the idea for the company after working as a financial advisor and seeing a disconnect between the “haves and have-nots,” he said. Seventy-eight percent of Americans live paycheck to paycheck and 47 percent can’t come up with $400 of emergency cash without borrowing from someone or selling something.

A peer-to-peer lending exchange, SoLo Funds helps to solve emergency cash needs with low-dollar-amount loans that reduce the need for payday loans. So far, the company has raised $1.2 million in funding in a round led by Richelieu Dennis, founder and CEO of Sundial Brands and new owner of Essence Magazine.

Listen to GHOGH with Jamarlin Martin | Episode 11: Travis Holoway Jamarlin talks to Travis Holoway, founder and CEO of SoLo Funds, a startup focused on peer-to-peer lending. They discuss Mark Zuckerberg as a liberal tech version of Donald Trump, Jake Tapper’s double standards on CNN towards Black leaders, and whether Silicon Valley has “negro helpers” who set the community back.