Solo Funds Data Leak: How has it impacted you as a lender or borrower?
Peer to Peer lending platform Solo Funds connects everyday people who need short term cash with those willing to lend it. Users share sensitive personal and financial details to facilitate loans, build "solo scores," and manage transactions.
In recent years Solo Funds was compromised when their former bank partner Evolve Bank & Trust was breached.
More recently Solo Funds unintentionally released the data of many of its lenders and borrowers in the community.
The general counsel and chief of compliance Richard Freshwater has declined to acknowledge the misuse of data along with CEO Rodney Williams and Travis Holloway.
As an investigative journalist for The Fintech Times, I want to hear from you.
What personal or financial information do you believe was potentially exposed in the incident?
Has the leak affected your trust in the platform or similar fintech services?
Have you experienced any consequences, such as increased spam, phishing attempts, identity theft concerns, or difficulties accessing accounts?
For lenders: Has it changed how you choose to fund loans?
For borrowers: Has it impacted your willingness to request funds or share required details in the future?
The fintech space promises accessibility and community driven finance, but data security incidents highlight the real risks involved when sensitive information like bank details, credit data, contact info, and transaction history enter the mix.
If you've been affected, please share your experience ( anonymously if preferred) in the comments or reach out directly. Your stories can help others understand the human impact beyond headlines and push for a better transparency and protection from platforms like Solo Funds.
The Fintech Times
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