Holoway and Williams’ target market is Americans residing paycheck-to-paycheck

Holoway and Williams’ target market is Americans residing paycheck-to-paycheck

Holoway and Williams’ target market is Americans residing paycheck-to-paycheck

DTLA Digs: Holoway at SoLo Funds’ temporary WeWork room downtown. Picture by Ringo Chiu.

SoLo Funds Inc., a mobile change that lines up amounts of income under $1,000 for American borrowers short on cash, has relocated the company’s headquarters to downtown, and it is attracting big backers since it gets willing to raise $15 million in a 2nd investment round.

The business, previously situated in Cincinnati, relocated right into a WeWork Cos. Inc. workplace for technology startups, an office that is temporary since it pursuit of a permanent spot, maybe in Culver City, based on SoLo co-founder Travis Holoway. The move ended up being stated by him ended up being based on attracting skill to your business.

Holoway’s partner when you look at the startup, Rodney Williams, stated SoLo raised $3 million in seed money throughout the previous 12 months. A Series The round is prepared for with a $15 million target, the founders said in interviews june.

SoLo’s biggest investor up to now is Liberian-American beauty mogul Richelieu Dennis, whom offered his Sundial Brands beauty items company to Unilever in 2017. Continue reading “Holoway and Williams’ target market is Americans residing paycheck-to-paycheck”