KickfurtherReviews of kickfurther.com

Kickfurther is the best inventory financing solution for small to medium sized brands. They have great rates and are very legit. We applied a few times before making it through the entire process. Their process ensures that both the brand and backers are well vetted and will be successful.

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).

Having been a 3 year investor with Kickfurther I can say with confidence the platform is a joke. While they do have a vetting process for new borrowers, they fail both to discover and to disclose to investors how much debt the borrowing companies already have. This is the major reason so many coops never get paid back - Kickfurther will allow them to borrow hundreds of thousands even after they've tapped out multi million dollar lines of credit with banks, PO financing companies, factors and other types of creditors. If these companies were able to, they'd borrow more from banks and traditional lenders (instead of KF) because the interest rates would be at most 12-13% while kickfurther requires about 18% for your first coop, PLUS they get anywhere from 12k-24k up front from new companies as a fee for joining the platform. But those lenders won't let them borrow more because they know the odds of repayment are very bad. And since those lenders are aggressive in their collection efforts, they get paid first. Kickfurther has little incentive to be aggressive because of that upfront fee - they already got paid before we even invested. It's the investors who bear the lion's share of the losses. I've lost $9,000 on the Kickfurther platform from 9 failed companies. I invested in 15 total, so a 60% fail rate means this is a horrible platform for investors.

Fairly simple process, good team to work with.

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.

I absolutely love Kickfurther! I was introduced to your company through a lending broker and I was so happy to find you. Before finding your company, I was negotiating with some very "predatory" lenders who's terms were completely unfavorable for my business. Your business model of offering consignment inventory is very unique fits exactly what I was looking for in order to grow my company. My suppliers require payment up front so your company solved the "chicken or the egg" problem I had with my traditional bank which won't allow me to borrow until I have inventory or receivables but I can't get inventory or receivables without cash to buy inventory. Your consignment inventory models solves that problem that allows me to get the critical inventory I need to grow our business.

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!

Kickfurther has been great to work with. Very clear communications, and very helpful through the process.