Holoway and WilliamsвЂ™ target market is Americans residing paycheck-to-paycheck
DTLA Digs: Holoway at SoLo FundsвЂ™ 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 companyвЂ™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.
HolowayвЂ™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.
SoLoвЂ™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 WilliamsвЂ™ target market is Americans residing paycheck-to-paycheck”