Wefunder Reviews

have had it up to -here- with Wefunder dodging accountability for covering up the theft and misuse of my Facebook photo by Tribel (an offering on their platform) to make it look like I am part of their staff. I used to work for Tribel's parent company and left on bad terms while it was still Liker, because I was mistreated. Flash forward to January 2024 and I see my face on a graphic that depicts the Tribel "content team"-- along with some other former co-workers who are in a similar boat, having left before this project existed. I warned Wefunder about fraud for weeks before it was quietly taken down without alerting the investors. I was on Wefunder since 2017 because of Legion M. And Wefunder deleted my account when I started to comment (again, with a *tone* but not inappropriately) about my experience. That is literally what their question portal is for... TRANSPARENCY. I am going to go out on a limb and say they want to keep their intermediary fee badly enough to throw their investors under the bus. This isn't even the only issue that LEGALLY needs to be disclosed and they know this. They have known this and so much more since JANUARY. If you need "receipts", I have pages of them. And you better believe the proper authorities do, too. I'd like to note that they have also just been responding to me with copied-and-pasted verbiage and did so 6 times to date. Literally, the same exact paragraph has been used to respond to my complaints for months.

>> Hi Chris, Thank you for contacting us. As you can see, the raise you mentioned was completed and concluded in November 2023 and is no longer active. Currently, we do not have any plans to host another raise with this company in the future. It is worth noting that your initial communication expressing concern was received on January 17, 2024, which was well after the raise had already been finalized. Mark "Merc" Mercer Head of Investor Sucess Wefunder >>

Furthermore, yet again, Wefunder hasn't explained why they refused to take down my image until weeks later. Nor why they haven't told their investors/customer base that they have been lied to about multiple material facts including hidden lawsuits concerting equity fraud. If this is to avoid an admission of guilt, I don't actually see it panning out. Because you see-- when I linked to the SEC filings for the company in question to show there was a discrepancy in the fundraising totals initially reported through the site and the founder by about 50%, that is when they clearly freaked out and deleted my account to wipe all of the questions and evidence I posted. And this was before I found out they announced raising even more than this somewhere else. Let the record also show that even though Wefunder allegedly have no plans to raise more money with the company in question, they graciously allowed 1,450 brand new comments to boost the page's credibility. As well, they are currently operating without a license in San Francisco. This came from the Treasury. I'm not sure how this isn't supposed to be clear fraud but you don't have to take my word for it. Because a verified, accredited investor with 115 projects in his Wefunder portfolio just asked them about a fraction of this on their question portal and they still haven't been able to explain themselves.

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.

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:

https://wefunder.com/comments/15856

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?