Unable to fund or request loans
Incident
Report for SoLo Status
Resolved
This incident has been resolved.
Monitoring
We are starting to see a recovery across all of our services.
Identified
Our third party services are experiencing a worldwide disruption. This is impacting our ability to request and fund loans.
This incident affected: Wallet (Deposit, Instant Withdrawal, ACH Withdrawal), Payment (Adding an External Debit Card, SoLo Debit Card, SoLo Wallet), Marketplace (Loan Request, Loan Proposals), Member Funding (Funding - Cash, Funding - Credits, Funding - Debit Card, Funding - Credits + Debit Card), and Member Repayments.
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SoLo Funds, Inc, a
Certified Benefit Corporation
, is a financial technology company, not an FDIC insured depository
institution. Banking services provided by Bangor Savings Bank, Member
FDIC. FDIC insurance coverage protects against the failure of an FDIC
insured depository institution. Pass through FDIC insurance coverage is
subject to certain conditions. The SoLo Mastercard® Debit Card is issued
by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard
International Incorporated. Mastercard is a registered trademark, and the
circle design is a trademark of Mastercard International Incorporated.
Spend anywhere Mastercard is accepted.
All loan requests are subject to verification, lender proposal and the requestor’s final acceptance. Tips and Donations are voluntary. For funders, returns are not guaranteed and the loan amount may be lost. Credit building and insurance services are provided by separate 3rd party service providers not affiliated with Bangor or Solo Funds.
All loan requests are subject to verification, lender proposal and the requestor’s final acceptance. Tips and Donations are voluntary. For funders, returns are not guaranteed and the loan amount may be lost. Credit building and insurance services are provided by separate 3rd party service providers not affiliated with Bangor or Solo Funds.