Review Time
I invested $2000 and heard nothing about any physical address or any reliable phone contact. I wish "Wefunder" respond to this email where at least I would have someone to communicate with!! If I do not hear from Wefunder, I will contact the FBI for "WeFunder" Interstate and Wire Fraud. Will file IC3.govHere is the last Review July 2024 Copy & Paste:There is no update for many companies after raising fund!! Many companies do not communicate with investor after raising fund which some completely stopped work or disappeared . This is not high-risk, but a deception that some companies can be on the platforme With some listed information to shade the investor then no protection for the investor after all. and I don’t know where my money has gone !.Unfortunately, (a high-risk )approach is still being used to defend the platform and be stripped of any responsibility!!Date of experience: July 21, 2024
I invested $100.00 in a company on Sept. 15, 2024. Later the same day, I received two calls from numbers in Washington, which was odd. Then another a few hours later. I was annoyed, but I had not yet made the connection to Wefunder. At 12:30 am on Sept. 16, a call came from a different number, and then another at 1:20 am from another number. Then another at 5:05 am from a different one on Sept. 17. At this point, I started questioning what I did differently to cause this and realized it was singing up for Wefunder and trying to verify my number by text, which never came. I blocked and reported all the numbers as spam. I know nothing will be done, but at least I took the step to block them.8:30am on the 17th, I cancelled my investment and deleted my account.The finalization date was set for Nov. 14. I cancelled two days after investing since their email said I can cancel up to 4 days after the fundraiser closes at 11:59 p.m. on Sept. 15. I contacted them to let them know I cancelled the investment and deleted my account, and I also told them why. Aside from an automated confirmation message, I received no other email from them, so I don’t know if they actually read it.I cannot attest to the validity of the companies they represent or any other services they may provide. I only signed up for a few days, but what happened with the late-night phone calls during that period was unacceptable, so I cancelled everything.Your experience may be different, but I would recommend exercising significant caution if you plan to sign up and invest with this company. You might receive unwanted and unwelcome phone calls at random hours of the night. They refunded all the money, including the $10.00 fee. I got lucky since I cancelled before they sent the money to the company. Others were not so fortunate. If you decide to go ahead with signing up for Wefunder and investing, I recommend creating an email address only for that purpose. Also, buy a cheap smartphone and get a separate number for signing up. That way, you can just mute the phone and toss it in some corner so you don’t have to concern yourself with companies trying to call at random hours for whatever reason. If I ever try again, that’s what I’ll do. Also, if interested in a company they recommend, try to do some of your own research on the company just to be a little safer.I gave them 2 stars instead of 1 because I had only signed up for a short while and they refunded my money. If you read all of this, I’m sorry and thank you for indulging in this excessively lengthy review/rant.
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.
There is no update for many companies after raising fund!!Many companies do not communicate with investor after raising fund which some completely stopped work or disappeared . This is not high-risk, but a deception that some companies can be on the platforme With some listed information to shade the investor then no protection for the investor after all. and I don’t know where my money has gone !.Unfortunately, (a high-risk )approach is still being used to defend the platform and be stripped of any responsibility!!
I gave my documents to them for an Education Loan and they told me we will call you soon but I was waiting for took theirs call but they didn't call me And when I told them for Give me permission to delete My parents and my documents they didn't seen. My humble request to you guys it's a scam, Plz don't give them your documents, And they Terminated my Father's "CIBIL SCORE" plz guys stay away. If you can see my Review sir so plz Talk to your Member and then Delete me and my parents Documents Your Member Phone number:- +91 89775 23525 Talk to them and Delete me and my Parent's Documents
I donated to a campaign on Wefunder ONE TIME, several years ago. Since then I've been relentlessly barraged with a million emails from anybody and everybody looking for money. I removed my information from their site but to no avail. They have a list they give out to everyone that includes names and email addresses, completely disregarding user preferences, not to mention against email spamming laws. Don't invest on their platform if you don't want to receive spam mail forever.
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.
I "invested" in two companies and never got anything in return. I went into it with good intentions, thinking I was helping smaller companies expand. It felt more personal than Wall Street. But I never got anything in return. Twice burned, I will never use Wefunder again.
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