What it sells
We help people resolve debt.
Business model breakdown
Buyer: who owns the budget?
Consumers sued by or in dispute with debt collectors (individual debtors paying directly).
Trigger: what makes them buy now?
Receiving a debt-collection lawsuit with a 14-30 day deadline to respond.
Workflow: what inputs become what output?
Debtor fills out guided forms to answer the lawsuit (attorney review and filing included), then SoloSettle drafts offers, negotiates with the collector, arranges payment and gets the case dismissed on payment.
Economics: what it saves and how it charges
SoloSettle charges a success fee of 19% commission on the debt, with sliding fees down to about 5% for better settlements; site says debts settle for 71% on average.
Distribution: how it reaches customers
Self-serve consumer web signup, plus a separate collectors portal; founded 2018, formerly SoloSuit.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2021 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.