Top 10 apps like Solo Funds that let you borrow money

Lillie Spikes

With times getting tougher, it can be challenging when you need that extra cash for a rainy day. And that is where Apps like Solo Funds come into play.

These apps solve unplanned expenses and provide financial freedom from being in a fix. They can really come in handy.

However, if you are used to Solo Funds but are now looking for an alternative, you would be spoilt for choice from the many choices available.

These apps offer two types of peer-to-peer lending:  

  • Personal peer-to-peer loans- like medical bills, debt consolidation, home improvements
  • Business peer-to-peer loans

We will focus on apps similar to Solo Funds that offer personal and peer-to-peer business loans ranging from $25 to $300,000.

1. LenMe


LenMe is one of the best Solo Funds alternatives that acts more as a traditional loan facilitator. First, the app connects borrowers with lenders.

Then, when a user requests a loan, investors compete to offer the best interest rate based on the borrower’s profile.

LenMe does not require its users to have a high credit score; they get to apply and build their credit score as they continue to borrow. The app also offers a fixed interest rate on its loans.


  • State-issued ID
  • Active bank account
  • Social Security numbers


  • Loan amounts from $50 to $5,000
  • One to three business days turnaround time
  • An origination fee of 1% of the loan amount plus interest
  • Option to extend the repayment period

2. Zirtue


Zirtue is a peer-to-peer lending app that connects borrowers to lenders. As the go-between, Zirtue manages payment withdrawals and loan deposits. The app aims to capitalize on relationship-based loans without the awkwardness of collecting.

This Zirtue app has automated repayment processes. It also sends borrowers regular reminders of their repayment schedule. Users can borrow from $20 to $10,000 with a maximum repayment period of 24 months.


  • US Citizenship
  • Bank or Zirtue account
  • Above the age limit of 18
  • US mobile phone that can receive and send messages from short codes


  • Free bank account
  • No credit checks
  • Option of direct bill pay
  • Users set repayment terms
  • Loan forgiveness feature

3. Money Lion

Money Lion app

Money Lion provides a platform where users can offer loans and accept offers from users with similar credit scores. The app provides its users with loans best tailored to their needs.

This peer-to-peer lending app offers loan amounts from $25 to $250 with a turnaround time of 3-5 business days to an external account and within 48 hrs to a RoarMoney account.


  • Bank account
  • Recurring deposits
  • Consistent positive balance
  • At least two months’ bank statement
  • Bank activity that shows both deposits and withdrawals


  • More considerable advance funds and faster turnaround time for Money Lion RoarMoney bank account holders
  • Paid Credit-builder plan
  • Individualized financial advice
  • Low-interest rates for personal loans
  • Overdraft protection option

4. Prosper


Prosper is one of the best apps like Solo Funds for Android. The best thing about this app is its tiered process for offering loans to users with high credit scores. This makes it a tad challenging for first-time borrowers.

An alternative to traditional banking, Prosper allows users with lower-credits scores to acquire loans through mobile or via their website. The app offers personal loans from $2,000 to $40,000 with origination fees between $2.41% and 5%.


  • A minimum credit score of 600
  • A minimum of 2 years of credit history
  • Social security number
  • Active bank account
  • No bankruptcies within the past year


  • Unsecured personal loans
  • Instant interest rate check
  • Available for borrowers with a low credit score
  • Fixed-rate loans
  • Early repayment saves on interest payable
  • Home Equity Lines of Credit (HELOCs) option

5. Lending Club

Lending Club

Lending Club is a Solo Funds alternative that allows borrowers to select the rate, term, and payment options they prefer. The app provides loans to borrowers, helping non-profits and businesses expand.

In addition to personal and business loans, Lending Club offers auto loans, student loans,  and residential mortgages. The app also has a lower interest rate for borrowers.


  • US Citizenship/Permanent residence
  • Verifiable bank account
  • High Credit score
  • Proof of source of income


  • Origination fees between 1% and 3%
  • Custodial Lending Club membership option for minors
  • Investment options in Note trading on Folio Investing
  • Borrowers can have more than one outstanding loan
  • Cheaper alternative for patients seeking medical services
  • Minimum personal loan of $1,000
  • Business loans up to $300,000

6. Kiva


Kiva offers information on borrowers and their respective amounts. The app also provides lenders with details on how the Money is used.

Kiva has more of a crowdfunding model, so lenders choose who to loan based on which cause appeals to them. Lenders also have the option of either funding a different cause or withdrawing their funds.


  • US Citizenship
  • Not a registered sex offender
  • Age limit of 18 years
  • No violent/financial criminal conviction within the past five years
  • Proof of permanent employment
  • Paypal account
  • Available to business owners in all states except Nevada and North Dakota
  • Business must be legal


  • Simple user interface
  • Available to borrowers with low credit scores
  • The lending amount is $25-$15,000
  • No extra fees

7. Venmo


Venmo provides a convenient way to send and receive Money with family and friends. Users get to use different payment methods, and the funds will reflect on the recipient’s end immediately.

The different payment methods on Venmo include debit and credit cards, bank accounts, or the Venmo account balance. The app also lets users split bills and expenses with others, for instance, sharing the cost in a restaurant.


Valid copies of:

  • US passport
  • Driver’s license
  • Department of Human Security (DHS) card
  • Tribal ID card


  • Easy and convenient for users
  • No fees charged
  • Option to purchase from select businesses
  • Debit and credit cards

8. Hundy


Hundy is one of the Solo Funds alternatives which offers deposit advances from $25 to $250. The app does not have credit checks, and members can set up an account, ask for a passage, and receive the funds within 24hrs business working days.

Hundy sources its funds from individual investors. The app also requires users to link to their Facebook or Apple accounts for identity verification.


  • Proof of regular income
  • Checking account with a minimum transaction duration of 6 weeks
  • Monthly deposits from $2,000
  • Positive account balance


  • Advance deposit provided
  • 31-day loan term and 60-day grace period for repayment
  • Free, no charges

9. Happy Money

Happy Money

Happy Money is a good option for borrowers with a fair credit score. The app offers loans from $5,000 to $40,000, with the maximum capped differently in some states. The loan terms range between 24 and 60 months.

As one of the best apps like Solo Funds, this platform limits the purposes of personal loans to credit card consolidation. In addition, expenses like home improvements, large purchases, or emergencies are prohibited.


  • State-issued ID card
  • Proof of active employment
  • Evidence of source of income
  • Soft credit check


  • Available for borrowers with low credit score
  • Flexible due date
  • Option of direct card payoff

10. Possible Finance

Possible Finance

Possible Finance, similar to other apps like Solo Funds, aims to improve the financial status of its users. The app offers loans in installments of up to $500. Advances are made within 48 hours to users’ bank accounts or in minutes if loaded to a debit card.

Borrowers can avoid penalties by paying back their loan installments early. The app does not charge late fees. There is no credit score requirement for borrowers, and users can build their credit scores as they borrow.


  • Bank account with at least two months’ income of at least $750
  • Consistent deposits
  • Positive account balance


  • No credit checks
  • Repayment in installments of four equal payments
  • 29-day grace period to the repayment date
Disclaimer: This is just a list of similar apps with their features. We do neither recommend any nor offer financial advice. Instead, you should read the fine print of each application carefully before you decide to use their services.

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