SoLo Funds has been featured in a Nerdwallet guide to investing in Black-owned stocks and investments.

Here are Nerdwallet’s highlights on SoLo Funds:

Peer-to-peer lending companies, such as SoLo Funds, give people who have historically been overlooked by financial institutions and traditional loan programs the ability to access capital. SoLo borrowers can set the terms of their loan themselves, and there is no formal approval process. Lenders earn “appreciation tips” and borrowers get cash fast. Borrowers can even join the SoLo Credit Builder program which can help establish credit history with connected bank accounts.

The benefit of peer-to-peer lending, Chavis says, is asset class diversification: P2P loans are typically not correlated to the stock market.

“It’s also a good way to help disadvantaged communities get access to capital, either for business reasons or personal reasons,” he says.

Read the full article here.