AA
GB100% loss of funds if companies don't pay. First few investments were great; dump some cash, wait a few months, pocket the interest, rinse & repeat. Except when some Kickfurthers paid zero - nothing - and then the final payment date passes. Your investment cycle is broken, your cash in limbo for who knows how long (if you're even getting it back). There are mechanisms for Kickfurther to cancel co-ops and obtain merchandise (if the merchant responds). There are mechanisms to settle for lower repayments (if the investors agree). There are also many many many ways a company that took a loan from Kickfurther can effectively ignore them while still raking in sales. Kickfurther doesn't send debt collectors, file lawsuits, seize collateral. The burden falls onto you, the investor, to sit it out and plead for the company to repay.
Saltery
GBWe met Kickfurther representatives at Expo East We met Kickfurther representatives at the Expo East Gourmet Food Show about a month ago. We manufacture and sell high end sea salt with a variety of blends and infusions. We were able to receive funding at very reasonable terms for much needed inventory purchases for the holiday season. There consignment formula is a great way to grow your business compared to traditional bank and finance companies. The process goes very smoothly with a Kickfurther representative that helps to at each step. We are looking forward to working with Kickfurther on many more co-ops.
David Manshoory
GBGreat financing partners for high growth co's Kickfurther has been so incredible to work with. We interviewed so many different financing partners, and they came up at the top of the list after we checked off all of our boxes for what we're looking for in a partner. Plan to refer a lot of friends who could benefit with their financing solutions. Highly recommend them, you won't be disappointed.
Karen O
GBDishonest Dishonest, horrible business. They recently deleted their "cancelled co-ops" page, so you can't see how many (very, very many) co-ops have gone belly-up. They delete critical comments from their page and restrict negative commenters from ever leaving comments again. Worst of all, they do ABSOLUTELY NOTHING when a company fails. They send it to collections and forget about it. They don't sue the company or take any action to recover your money. Beware! Run far, far away from this shady business.
cs - customer
GBTake a Swing on Kickfuther As a brand, Kickfuther has empowered up us to say YES to deals that would have otherwise put too much pressure on our cash position to move forward with. The byproduct of running Co-Ops on Kickfuther is COMMUNITY! It's been so cool funding deals with investors/backers who are also consumers. If you are a brand or a potential backer, I would like to encourage you to take a swing on Kickfuther!