Nick P
GBINVESTORS SHOULD STAY AWAY INVESTORS SHOULD STAY AWAY If you're thinking about investing with Kickfurther, don't. While the co-ops seem to have a number of protections such as personal guarantees, UC filings, etc, in practice, none of these are ever used. Kickfurther instead hides behind co-ops failing to meet a vote of "no confidence" by the co-op lenders to take no action against any of the companies that have failed to payback lenders. On it's face, this seems democratic but Kickfurther doesn't take into account lenders abstaining from a vote and since most lenders aren't actively participating on the platform NO VOTE CAN EVER GET OVER 50%. What Kickfurther should do, is look at what percentage of people that voted on an action were in favor or against (aka how any other vote in politics, the boardroom, etc works).
Pavan Bapu
GBKickstart Your Business Growth with Kickfurther! I'm Pavan, the co-founder of Houndsy, and diving into Kickfurther was like finding a goldmine for us. Their 'Inventory now, pay later' motto is a lifesaver, especially before the hectic holiday season. They covered 100% of our inventory costs at great rates, and the best part? We'll only pay them back after our sales period. It's a stress-buster not worrying about stockouts anymore. A big shoutout to Matt Hughes, their Sales Manager! He wasn't just about business; he got to know Houndsy and worked out how Kickfurther could help us grow. His 24/7 availability, whether via text, call or email, was beyond impressive. He’s the reason we chose Kickfurther over others and why we’ll stick around. Kickfurther is more than just a financing platform to us, it’s a partner in our growth story. If you're a hard goods entrepreneur looking to scale up without the financial headaches, Kickfurther is your go-to!
Andrew Stavish
GBGreat Concept Effective way to support small and growing businesses while earning a profit on your spare cash. Excellent rates of return available for most deals. Kickfurther has really hit its stride in ensuring that it only puts on the platform top notch businesses with very little chance of default. Superb customer service as well.
Anna
KRGreat when it's good; terrible when it's bad. I've been investing with Kickfurther for several years. When co-ops are successful, it works well, and I would highly recommend it. Unfortunately, all too often co-ops fail, and it's then that I'm really disappointed with the KF process. When things go to collections, a tiny fraction - if anything - is ever recouped. Of course it's an investment, and there's a certain level of risk. However, I do not feel that KF does enough to support buyers when things go wrong. I have never heard of their legal team getting involved although co-ops often have a personal guarantee, and it seems like the case should be litigated. I've definitely made money through KF, but I've also lost more than I care to admit. Bottom line: proceed with caution.
Used to be a believer
GBDon't do it I started investing with KF in 2019. I've had a net loss over that time period because deals keep going south and KF doesn't do anything to enforce payment. Some deals work out great. But in my experience as a whole, you are much better off finding something else.