Review Time
Since January 4th I have not received my funds from wefunder cash in fact the money isn't even showing on my account as wefunder cash.i have sent over 20 emails with generic responses returned and was given a phone number to call which is basically a unmonitored Google voicemail.
An institution that stands for social involvement, crowd interest and supporting new promising ideas can cause the steepest kind of fall and disappointment. I made a small investment 2021 in a fun company and gifted two additional small investments to my nephew and niece for them to experience having been part of the growth of a company. Now some changes to the investments accounts must be made. We have sent Wefunder about 10 emails in the last five weeks from different email accounts (they say the answer within 2 days). We tried to contact them by phone (no answer at all). All contact-info are just a very lousy joke and lies. No one in the company is interested in answering any requests. The customer is only needed for the investment, after the deposit you get a kicked in the rear. Bye bye invested money. You as customer are a piece of sh*. WEFUNDER = WE DO NOT CARE, har har. It is uncomprehensible to me how these hypocrats dare to manipulate to this degree and still have a good nights sleep.
First and foremost, I respect the mission and the impact. I think investing in start-up companies is fulfilling, and I'm glad that Wefunder allows low buy-ins. You can support companies with as little as $100. I also appreciate the variety of industries represented and the variety of terms offered (payback, future equity, etc.). However, there is a frustrating lack of transparency, communication, and support.Over the last four years, I must admit that the investor experience has been disheartening. A handful of companies took money from numerous investors (including me) a few years ago and haven't said a word. They are nowhere to be found. There are no updates, and therefore, no hope of any return. I can only assume that minimal or no due diligence was conducted. I wish the Wefunder team would put in more effort to validate the legitimacy of businesses and require some routine updates from companies as part of the contract to collect funds. As far as I can tell, companies can do whatever they want once they receive the funds, and there are no repercussions. There is no effort to protect investors.
Several years ago I committed $83,200, nearly all my life savings, to an online investment platform that appeared well-managed and reliable.When I decided to withdraw, repeated delays occurred. Support responses were consistent but did not resolve the matter, and uncertainty grew over time.Through investor communities, I learned about 𝑭͟𝒐͟𝒓͟𝒕͟𝒓͟𝒆͟𝒔͟𝒔͟𝑨͟𝒔͟𝒔͟𝒆͟𝒕͟𝒊͟𝒏͟𝒕͟𝒆͟𝒍͟𝒍͟𝒊͟𝒈͟𝒆͟𝒏͟𝒄͟𝒆͟. Their communication was realistic and structured. Eventually, after a gradual process, my funds were recovered. It was a challenging but educational experience.
This is a letter I sent to the WeFunder CEO that was never responded to. I gave him 2 months to answer and he did not. I am writing to formally express my disappointment with WeFunder’s platform, operations, and investor-facing disclosures.I have invested in 21 companies through WeFunder. Nearly all have failed. While I fully understand and accept the inherent risk in early-stage investing, outcomes at this scale indicate something beyond normal venture risk. They point to systemic failures in company vetting, disclosure, and post-raise accountability.What I find particularly troubling is how portfolio performance is currently represented to investors. My dashboard reflects an overall return of approximately 0.97. In reality, based on actual company outcomes and capital impairment, my return is closer to 0.10 to 0.20, if that. This discrepancy is misleading and materially minimizes investor losses. Investors may be retail, but they are not unsophisticated, and accuracy matters.Additionally, WeFunder appears to exercise little to no meaningful oversight or accountability once companies have raised capital. Many issuers provide minimal updates, fail to execute on basic expectations, or simply disappear, with no apparent consequences. That lack of accountability ultimately rests with the platform that curated and promoted these offerings.At this point, I have no viable mechanism to recoup losses or pursue remediation. As a result, I plan to share my experience publicly through a social media series describing my investments, outcomes, and concerns regarding WeFunder’s practices. This is not motivated by emotion or retaliation, but by a responsibility to inform other investors who may be relying on WeFunder’s representations.Before proceeding further, I am offering you the opportunity to respond substantively or explain how WeFunder justifies these representations and outcomes.I look forward to your reply.
Since January 4th I have not received my funds from wefunder cash in fact the money isn't even showing on my account as wefunder cash.i have sent over 20 emails with generic responses returned and was given a phone number to call which is basically a unmonitored Google voicemail.
I was able to get everything recovered through forensic experts assigned to my case from Hbpf holdings just when I thought I was met with a dead end. Records were traced and the trails where obvious which led to the successful returns.
This company is a complete scam. You receive no updates for extended periods only to find out that the company has folded and sold their assets to another company with no further information. No records are shared, no recovery is made for investors and no documentation is provided for your passive losses. Please do yourself a favor and do not invest with this platform.
I made an investment through Wefunder to be applied to Atombeam. It was misapplied to another investment that I had absolutely no interest in. I have gotten no help from them other than a document with my typed name for a signature. Since they are basically non regulated with multiple parties involved I would never do business with these people again.
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