Wefunder is the largest stock market for retail investors to invest in 'private' startups. We created this industry in 2012. Then we lobbied 9 years for regulatory reform. We petitioned Congress & shaped law. Invited to watch Obama sign the JOBS Act.We’re a Public Benefit Corporation with a goal to fund 20,000 more founders by 2029. In all 50 states. From all backgrounds. From coffee shops to supersonic planes. Backed by the people who believe in them. We help anyone invest in what they believe in – to vote with their dollars on what our society should fund. Together, we help more scrappy, hungry risk-takers take their shot to move our world in a better direction.Our vision is to be the pre-NASDAQ stock market. We want to make it normal for every high-growth startup to raise from their customers and fans in a "Community Round." Startups will be able to raise up to $150M in a primary offering from the public... but legally, they remain private companies. Secondary trades happen once every 9-18 months in a "long term stock market" that lines up with traditional VC raises. Companies get the upside of fans investing and liquidity, but without public company restrictions or quarterly earnings pressure.
Wefunder, Inc. (wefunder.com) has 377 customer reviews on Five Star Index, with an average rating of 3.3 out of 5.
Also known as
Wefunder, wefunder.com
Website
wefunder.com
Category
Investments & Wealth
Location
San Francisco, California
Listed on Five Star Index
2026
About these reviews
Replies
The company replied to 90% of reviews.
Latest
Most recent review: October 2026.
Edits
Reviews are shown as their authors wrote them. The company can reply, but cannot edit them.
Score
This company cannot pay to remove reviews or change its score.
I can't add the bank account to platform, there no comunication posibility, only email. I can't Withdrawal the money, don't invest here..
Response from Wefunder, Inc.Apr 28, 2025
Hi Saulius,
Thanks for reaching out. As you'll note in my email yesterday, you absolutely can send your money back to your bank account. We don't allow ACH bank transfers from non-US banks. However, you can send it back as a wire - pretty normal for international transactions. All you need to do is log into your Wefunder Cash account and select to withdraw money, check the wire option, and enter the information. Pretty easy! Let us know if you need help.
Best,
Mark Mercer
Director of Experience
Wefunder
AR
Angel R.
I have invested in four venues
I have invested in four venues. One of them failed and the money was lost. I know that's a risk taken when you buy shares. The other three in which I invested more than three years ago have not make any reports or communications two of them for more than a year and the other since August 2024. When I asked the wefunder personnel they said they just recommend fundraisers but it seems they don't have the comprommitment to investors. Total uncertainty
Response from Wefunder, Inc.Mar 25, 2025
Hi Angel,
I'm sorry that you feel your service with us has been one-star worthy. I did look at the communications between you and I in December of 2024. I wanted to clear up a few things:
- Wefunder does not suggest any fundraising to investors. Legally, we cannot do so, and we maintain a neutral stance on the platform.
- Communications from companies to investors is the responsibility of the company. Wefunder does it's best to reach out to companies to encourage them to update investors, but we do not have any authority of their action on this.
- I did inform you that we also were growing our post-funding team to help in this effort mentioned in the above point. We are committed to doing our part.
If you have an idea on how we could be doing better, we are always open to hear your feedback.
Best,
Mark "Merc" Mercer
Director of Experience
Wefunder
NM
Nmi
Its scam website completely
Its scam website completely . Customer service is more worst !
NZ
Nadav Z.
They Hold Your Money
A helpful platform for gaining access to early-stage startups.
Response from Wefunder, Inc.Feb 10, 2025
Hi Nadav,
Thanks for reaching out. I can see that you reached out to us about your refund. As stated, the refund was sent to your bank and has not bounced back to us. If you are not seeing this refund in your account, please reach out to me personally at [email protected] and I'll be happy to help you with further steps to see where the issue is.
Thanks!
Mark Mercer
Director of Experience
Wefunder
MP
Mike P.
Do not Invest in WeFunder!!
Wefunder responded to my review and was not telling the Truth. The fee's are not on the front page of their website. You have to go to FAQ's and enter fee's to see what they charge. A Mr. Mark Mercer stated that untruth statement to me in an email. I stand by my 1 Star rating. The deception is Real!
Do not Invest in WeFunder!!! I sent my money to WeFunder on May 13, 2024 with the intention of investing in a movie. WeFunder never invested my money and several months later the movie that I was going to invest closed without my money being invested. They claimed that without their fee's they would not invest my money. Not once were there fee's ever mentioned. I have been trying to have money returned since October without any success. Customer service is horrible and I would definitely stay away from this company. That is the reason for me rating this company 1 star.
Response from Wefunder, Inc.Dec 23, 2024
Hi Mike,
I’m sorry that you felt you were misled resulting in a less than optimal experience for you.
First, our investment fees are clearly displayed throughout our website, including on the checkout screen during the investment process. These fees are a necessary part of our service and are transparently communicated to all investors.
Regarding your funds, they are currently held in your Wefunder Cash account (where they were refunded to you in September). You can easily initiate a transfer back to your bank account at any time through your Wefunder cash account. If you're having trouble locating this option, our customer service team would be happy to guide you through the process.
While we regret that you had a negative experience, we strive to maintain transparency in all our operations, including our fee structure. If you need assistance with withdrawing your funds, please reach out to our support team and we will ensure you get the help you need.
Best,
Mark Mercer
Director of Experience
Wefunder
BE
BEE
THIS WEBSITE IS A SCAM
THIS WEBSITE IS A SCAM. I WAS INTRODUCED TO THEM FROM SOMEONE FROM INSTAGRAM. I WAS GIVEN A GRANT THE FIRST TIME AND THE PERSON WHO REFERRED ME RECEIVED A PORTION OF THE GRANT FOR REFERRING ME. THEREFORE I DIDN'T RECEIVE THE GRANT. THEY WANTED ME TO PAY TO GET IT BECAUSE SHE RECEIVED A REFERRAL FEE. FOR A SECOND TIME A GRANT WAS OFFERED BUT I HAVE TO PAY $300 TO GET IT. MAKE IT MAKE SENSE MOST GRANTS ARE FREE AND YOU ARE MADE AWARE OF ANY FEES UP FRONT. LASTLY YOU CAN ONLY PAY THE FEE WITH CASH APP AND YOU CAN'T DISPUTE ANY CASH APP FEES THROUGH YOUR BANK. THEIR CUSTOMER SERVICE SUCKS AND THEY'RE VERY RUDE. I WAS REJECTED THE GRANT BECAUSE OF THE $300 FEE. THEY ALSO WAS MAD SO THEY BLOCKED ME AND MY SON. MY SON HAD NOTHING TO DO WITH MY QUESTIONS. SMH. RUN DON'T DEAL WITH THESE PPL.
JE
James E.
They take your cake and eat it, too
I filed a medium-sized “reservation” to invest in a local startup. WeFunder:
− took 2% transaction fee, which is unnecessarily large as I paid via ACH (this is in addition to the 7.9% fee they charge the investees!);
− took the money immediately, despite the company not actually being ready to receive it yet; and
− has been sitting on my money, KEEPING 100% of the interest on it for these past several months!
To be clear, I’m not blaming WeFunder for the delays — they can’t control how quickly the investees move — but I must blame them for their own actual behavior.
EDIT: They “responded” to this review with a string of weird non-sequiturs 🤨 [2024-12-21 Reply from Wefunder, Inc.]
• Instead of explaining why ACH supposedly warrants a 2% transaction fee when banks generally charge well under a dollar for it, they just vaguely announce that they offer some *even worse* payment options- namely, credit card with higher fees, and bank wire with the same fees but higher minimums.
• They correct something I never claimed, which is that “investors” are responsible for the 7.9% investee fee. (I mentioned the 7.9% investee fee in my original post only to emphasize that, at least prima facie, WeFunder *does not* need to be charging excess fees on the front end of the transaction since they’re already profiting substantially off the back end.)
• They remind me that I “approved” my third complaint in a tiny paragraph (§19.4, “Interest”) buried a fifth of the way into their 46,000-word ToS document.
• They conclude by bizarrely “apologizing” for the *only* negative aspect of my experience which I clearly stated that I understand isn’t their fault.
Response from Wefunder, Inc.Nov 21, 2024
Hi James,
Thanks for reaching out. I wanted to clear a few things up for you so that you had accurate information.
Wefunder charges investors a transaction fee of 2% for payments made by bank ACH or wires. The minimum fee is $8, and the maximum fee is $150. For payments made by credit cards, Apple Pay, or Google Pay, Wefunder charges a 5.5% fee + $2 with a minimum of $10 - per transaction. (If you increase your investment, the fee structure starts over.). However, there is no maximum fee cap for these payment methods.
To be clear, investors do not get charged a 7.9% fee.
When making a reservation, you are interested in a Community Round that is currently in what we call the "Testing The Waters (TTW)" phase. This means they are taking reservations to gauge if they would have a successful Community Round.
When making a reservation, you will be asked how you intend to pay:
- If paying by ACH, Wefunder will transfer the funds from your bank to your Wefunder Cash account (https://www.wefunder.com/cash).
- If paying by Wire, Wefunder will put a request to transfer funds to your Wefunder Cash account (https://www.wefunder.com/cash). The investor must use the directions in their account (also sent via email) to initiate the transfer from their bank.
- If paying by Credit Card, Wefunder will pre-authorize their credit card to ensure it is active and can be charged. The pre-authorization will drop off the credit card holder's account within 48 hours.
When you authorize the reservation, you do approve a statement right by the complete reservation button that says it will move money from your bank account to your Wefunder Cash account.
As for the time it takes for a company to go from reservations to live investments, that is completely up to the founders of the company you are investing in and we do not have control of that. I'm sorry about that!
If there is anything else that I can help with, please let me know by emailing [email protected].
EDIT: I'm sorry you felt my attempt to clarify things for you was weird. We have worked to keep our fees as low as possible, but we are a business and have to cover our costs as a platform to provide the services we offer. My reasoning for sharing all of our fees was to be transparent with you. The company is charged a fee since there are services we provide not only during the raise but also after the raise. The same goes for investors, as we provide services not just during the investment-making process but also afterward.
I work with the rest of the team to provide excellent service and a quality experience. We welcome your continued feedback. If you want to speak more, I'm happy to do so. You can reach us at [email protected], and I'll be sure to get back to you.
Mark Mercer
Director of Experience
Wefunder
MR
M. R.
Enabling fraud and deception for RunnerCity
There's a company called Runner City that has raised multiple rounds on this platform. However they've violated laws and deceived the public on what they're offering. I questioned multiple times over last three years and addressed this via question only to have the founder flag as spam and Wefunder delete it. So basically if anyone questions or asks something significant, Wefunder enables the company to delete it and stop investors from seeing it. I'm weary of a platform that pretty much lets people get defrauded under the guise of investment in my opinion. Do your due diligence. There's neutrality and then there's enabling bad actors by censorship.
