You may also be interested in
Wefunder Customer Reviews
Sort Reviews By:
Stay away from WeFunder
I recently attempted to launch our CF campaign using WeFunder. At first it was easy and relatively simple to get it going. As the process went along, I made every effort to complete any and all outstanding items with haste so as to not delay the launch of our raise with the filing of Form C by WeFunder.
After doing all that, including a quick turnaround of our financial review by an independent CPA firm, they dropped off the planet and getting responses to emails (cause you can't reach them any other way) was sporadic at best. It took me nearly two months to get a response telling me they wouldn't allow our company's campaign on their platform because its a subsidiary.
That's a load of crap, too, because in a quick review of several other live campaigns, it becomes readily apparent there are plenty of subsidiaries on their platform. WeFunder had no problem accepting money from our investors though! And rather than be ethical about rejecting our campaign by immediately returning investor funds, they send out a cold and robotic email letting investors know the campaign was canceled and to into your WeFunder account to request a refund! Seriously WeFunder?!?
I do NOT recommend WeFunder as a resource for companies to raise money. Period, end of story.
Privacy not gauranteed
Love taking your money, dont like paying
Wefunder - Don't use it
Waiting for the documents about my investment for months!
I invested $2000 in Balance at WeFunder on 13-th of September and still waiting for the properly signed documents about my investment, despite the fact that the Balance successfully closed the round on 19-th of September.
Support feeds me with phrases that everything is all right, the problem is that they received too much money, so please wait another 1-2 weeks and so for more than 2 months.
I started to worry about this problem, and wrote the question about the problem on the Balance page on WeFunder:
Two weeks passed and nope, any answers here.
For now, I didn't received any documents about my investment, and I don't know if I will receive it at all.
Can I be sure that I will receive my dividends, if the company will succeed, if I just can't simply get the documents about my investment?
Is Wefunder safe? They've been sitting on my funds for months
Yes, I did finally get the money a few days after posting this after it was escalated to one of the founders. Not sure if this was just them being busy or if they were actually having some sort of cash flow issue but happily I'm paid up. Still a little wary of trying them again although one imagines they must have to put funds like this into a trust account and not mingle them with general operating funds.
Yes, I did get my money back a few days after posting this after my request was escalated to one of the founders. Still have no idea if this was just them being too busy or if it was a cash flow issue although I do expect that investment funds would have to be kept in a separate trust account so not sure how that could have happened.
Good to know! Thanks, Doug. I was concerned because I also have made an investment.
Has your money now been refunded?