Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Apps like SoLo Funds

Find faster funding and longer terms with these alternatives.

SoLo Funds is a peer-to-peer (P2P) cash advance app. It offers borrowing and lending options, and anyone who has a membership can lend or borrow from other members.

Like other cash advance apps, SoLo Funds offers loans with no interest, and there are no membership fees. Loan amounts range from $50 to $575 — higher than most of its cash advance app competitors. It also reports payments to the credit bureaus to help with credit building.

But it’s not perfect. The few SoLo Fund customer reviews out there are mixed, and loan terms are capped at 35 days. And if you need a lot of cash immediately, keep in mind your first loan amount is limited to $100.

Here are some great alternatives to the SoLo Funds app, highlighting different needs like longer repayment terms, larger amounts or when you need instant delivery.

Our 6 top picks for apps like SoLo Funds:

Alternative for instant cash advances: Brigit


Brigit is a financial wellness app that offers free advances on your next paycheck within 20 minutes of the request — if you're already a member and have a linked debit card. Sign up to have advances sent to your account if you're in danger of overdrafting.

The Brigit app is free to use, which includes budgeting and monitoring features. But you must have the Plus plan at $9.99 a month to access cash advances. You're only permitted to borrow up to $250 in each pay period, and Brigit doesn't accept joint checking accounts. And unlike SoLo Funds, it doesn't report cash advance repayments to the credit bureaus — though it offers a separate credit builder product that does.

  • Available in all states
  • Transfers within 20 minutes
  • No fees for instant transfer
  • Free budgeting and monitoring tools
  • Auto advances available
  • $9.99 membership fee
  • Must have qualifying checking account
  • Doesn't accept joint checking accounts
  • Doesn't report payments to credit bureaus
Loan amountUp to $250
Interest rate typeFixed
Loan TermVaries
Turnaround time1 to 3 days or same-day in some circumstances

Alternative for a low-cost cash advance: Dave

Dave ExtraCash

Dave is a great alternative to SoLo Funds and is cheaper compared to other apps, with its basic monthly membership only costing $1. Like SoLo Funds, Dave has an optional tip feature instead of charging interest fees on advances.

Its ExtraCash feature offers cash advances up to $500 with no interest or credit check — and no late fees. While SoLo Funds also doesn't require a monthly fee, it does have high late fees.

Dave's funding has two delivery speeds: the free standard and express. Standard delivery sends money within three business days whereas express delivery is within eight hours for a fee from $1.99 to $11.99 — depending on where the money is going and the amount you request.

  • Available in all states
  • Low $1 monthly fee
  • No late fees
  • Extra budgeting features
  • High cost for express funding
  • Lower max amount than SoLo Funds
Loan amountUp to $500
Interest rate typeFixed
Loan TermVaries
Turnaround timeSame business day to 3 business days

Alternative for a longer loan term: Possible Finance

Possible Finance Mobile Installment Loans

Possible Finance offers short-term installment loans with amounts up to $500 with two-month terms, which you repay in four equal installments. SoLo Funds has a shorter maximum term of only 35 days, despite the slightly higher advance amount.

Possible Finance's rates vary by state, but it's much more expensive than SoLo Funds — expect to pay around $15 to $20 per $100 borrowed. If you want to repay the loan early, there are no prepayment penalties, but Possible Finance doesn't accept partial payments. Like SoLo Funds, Possible Finance reports repayments to credit bureaus, so you may see an increase in your credit score if you repay on time.

  • Available in: Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Louisiana, Michigan, Missouri, Ohio, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington
  • Longer term than SoLo Funds
  • Reports payments to credit bureaus
  • No prepayment penalties
  • Payment dates depend on pay schedule
  • High mandatory fees
  • Doesn't accept partial payments
  • Lower max amount than SoLo funds
Loan amountUp to $500
Interest rate typeFixed
Loan TermUp to 2 months
Turnaround timeAs fast as 1 business day

Alternative for more investing opportunities: MoneyLion

MoneyLion Instacash advances

MoneyLion offers 0% APR cash advances up to $500 — in addition to a wide range of other features, including an investment account. How much you can borrow with the cash advance depends on your account activity and income. MoneyLion's additional products work synergistically with the cash advance: If you use other MoneyLion products, you could increase your advance amount as high as $1,000.

However, you likely won't qualify for the maximum amount the first time you borrow. MoneyLion states that it can take about three to eight weeks to become eligible for the maximum advance. And your borrowing limit is 30% of your recurring direct deposit schedule.

When you first start out with SoLo Funds, you're eligible for a cash advance up to $100 right away.

  • Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
  • Cash advances up to $1,000
  • Multiple finance features, including investing
  • Overdraft protection
  • Must have eligible account and direct deposit
  • Takes weeks to unlock higher amounts
Loan amount$25 - $500
Interest rate typeFixed
Loan TermVaries
Turnaround time3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account

Alternative for hourly workers: EarnIn


EarnIn might be a great payday loan alternative option if you're an hourly worker. It offers cash advances up to $750 each pay period, or $100 a day. The exact amount you can borrow depends on your income and hours worked, but it's a decent option if you frequently need advances. Like other cash apps, EarnIn charges no interest on its advances. There are also no membership fees — and like SoLo Funds, tips are optional.

Standard transfer times are one business day. If you qualify for EarnIn's Lightning Speed program, which requires a linked debit card that receives at least 50% of your paycheck, you could get transfers within minutes — for a fee of $0.99 to $3.99. But if you're looking to build credit, EarnIn doesn't report payments to the credit bureaus.

  • Available in all states
  • No monthly fees
  • Instant transfers available
  • Borrow up to $100 per day
  • Must be on a consistent pay schedule
  • Must submit copy of work timesheet
  • Doesn't report to credit bureaus
Loan amountUp to $750
Interest rate typeFixed
Loan TermVaries
Turnaround time2 to 3 days, or instant with Lightning Speed

Alternative for higher loan amounts: Upstart personal loans

Upstart personal loans

4.15 / 5 ★★★★★

If the typical $500 max borrow amount from a cash app won't cut it, then a personal loan from Upstart might. Upstart offers loans from $1,000 to $50,000, with rates ranging from 5.4% to 35.99%. There's no minimum credit score required — though most borrowers are in the 600 range. Upstart puts more weight on factors like your education, income and work history than your credit.

Upstart is available in all states, has no prepayment penalties and transfer time is typically within one business day. Its customer reviews are also very positive.

However, you may have to pay an origination fee as high as 10% of the loan amount. And unlike SoLo Funds or other cash advance apps, you'll have to pay interest charges and lock into a repayment term between three and five years.

  • Not available in: West Virginia
  • Loans up to $50,000
  • No minimum credit score
  • Great customer reviews
  • No loans under $1,000
  • Origination fee up to 10%
Loan amount$1,000 to $50,000
APR5.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

How SoLo Funds compares

SoLo Funds is a solid P2P lending platform, with a high lending amount compared to other cash borrowing apps. Other cash apps such as Dave, Earnin and Possible allow you to borrow up to $500, and others like Vola only allow you to borrow up to $300.

SoLo Funds is one of the few that reports payments to the credit bureaus so you can build or improve your credit, though many other apps offer credit-building features separately.

There’s an optional feature to tip from 0% to 15% of your amount, and a voluntary donation that goes to SoLo Funds investors and a nonprofit. Like other cash apps, the tipping option gives lenders incentive to fund your loan. There are late fees, and if you don’t repay the loan within the term, you owe a late fee of 10% of your principal on the 35th day after the loan originated.

For more detailed information, read our full SoLo Funds review.


  • Same-day funding available
  • Reports payments to credit bureaus


  • Max $100 for first loan
  • Can’t lend and borrow at the same time
  • Mixed customer reviews

More guides on Finder

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site