Wefunder, Inc. Arvostelua 377

𝘐 𝘴𝘢𝘷𝘦𝘥 £24,500 𝘰𝘷𝘦𝘳 𝘵𝘪𝘮𝘦 𝘐 𝘩𝘢𝘥 𝘱𝘭𝘢𝘯𝘴 𝘧𝘰𝘳 𝘪𝘵 𝘐 𝘵𝘳𝘪𝘦𝘥 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘛𝘩𝘦 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘭𝘰𝘰𝘬𝘦𝘥 𝘧𝘪𝘯𝘦 𝘛𝘩𝘪𝘯𝘨𝘴 𝘴𝘦𝘦𝘮𝘦𝘥 𝘰𝘬𝘢𝘺 𝘉𝘶𝘵 𝘪𝘵 𝘥𝘪𝘥𝘯’𝘵 𝘸𝘰𝘳𝘬 𝘰𝘶𝘵 𝘛𝘩𝘦𝘺 𝘢𝘴𝘬𝘦𝘥 𝘧𝘰𝘳 𝘮𝘰𝘳𝘦 𝘐 𝘵𝘳𝘪𝘦𝘥 𝘐 𝘴𝘵𝘰𝘱𝘱𝘦𝘥 𝘓𝘢𝘵𝘦𝘳 𝘐 𝘮𝘢𝘯𝘢𝘨𝘦𝘥 𝘵𝘰 𝘨𝘦𝘵 𝘴𝘰𝘮𝘦 𝘣𝘢𝘤𝘬 𝘢𝘧𝘵𝘦𝘳 𝘴𝘱𝘦𝘢𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘍𝘰𝘳𝘵𝘳𝘦𝘴𝘴𝘈𝘴𝘴𝘦𝘵𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦

In general, this platform works for crowdfunding, but the minimum investment in comparison is higher than at other platforms, and the deposit methods aren't exactly without fees, especially for international investors.
Issues raised with the support do - if ever - only get addressed until you rediscover a few weeks later that they resurface. Nowadays the support is just an LLM showing how well the glorious "A.I. technology" performs at misreading.
The platform's approach to data privacy is a severe issue, as they'll publish your full name associated with the companies you invested in. This data gets provided even to non-members. Especially when not disclosing the invested amount of money, this could easily cause misconceptions about you being overly wealthy and all the dangers that come with it.
I'm also getting spammed by many of the people who run campaigns on their platform, sometimes multiple times per campaign. They hand out my e-mail address to all kinds of senders who then add me into newsletters I've never subscribed to.
I've opted out of pretty much everything I can on Wefunder, but for years they keep handing out my e-mail address to third parties. In what developing country is a no-consent approach still allowed?

THEY TOOK MY $80K AND PROFIT OF $40K. I DID NOT DO ANY WRONG BUT THEY ACCUSED ME OF BREACHING THEIR RULE WHICH WAS A FALSE. I NEVER DID ANYTHING OUT OF THE ORDINARY BUT SIMPLY TRADED LIKE I HAVE ALWAYS DONE BUT THEY TOOK ADVANTAGE TO ROB ME OFF MY FUNDS. I AM JUST A HONEST TRADER WHO FOLLOWED ALL THEIR RULES AS I HAVE ALWAYS DONE. WHEN I REALIZED I WAS GETTING NO WHERE WITH THEM, REPORTS WERE MADE TO FOLCO CAPITALS AND INVESTIGATION COMMENCED. FINDINGS EVENTUALLY VINDICATED MY STANCE AND FAVORED MY SITUATION TOO. I WOULD HAVE LOST ALL OF IT.

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.

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.

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.

Has held my investment for half a decade. When reaching out for support was told "there may never be a payout." Definitely do NOT put a dime into this scam!

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.

Scam site, no accountability. I invested in Tim Pool's SubVerse (planned media corporation) in 2019 with thousands of others and we were all scammed out of over a million USD collectively. Do not use this site

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.

Don't use these guys. If anything goes wrong your left out to dry. Had an investment go south asked them to provide some details and years later still waiting for them to get back to me after chasing them a LOT of times. I understand my money can disappear but these guys wont investigate the company to tell me what is happening or what happened with them and also the company went south straight away
They obviously do no due diligence the companies they bring on board.

Very crappy service

Zen Tri Coups got me back on track, recovering my lost funds.

You invest in their promoted companies, after you invest, you never hear back from the companies. You email or post on websites, no response. You complain to wefunder and their answer is we would like them to communicate with shareholders but it’s not required. I have zero idea how Amy of the companies are doing. I suspect the next time I’ll hear from them is when they run out of money

Don’t bother “investing”… not only will you never see a profit, you will never get your original investment back.
It’s a cash grab for companies and they never intend to pay back the investors. Loopholes allow them to get away with stealing funds this way.

I have an account at Wefunder and dividends were in my cash account. When I opened the account I used my Chase account which is now closed. I added my 2 current Chase accounts but there system will not let me delete the old account and the new accounts do not show up. When I try to add them it simply adds another of the old account. I have written to them and I have called them. They tell me the funds are in my cash account but that is not true. It shows the funds but also shows the funds were transferred to my old bank account which does not exist. Very frustrating and I will NEVER do business with Wefunder or the company I am invested in again.

Decent user interface. Main drawback is for established businesses seeking to expand. Part of the Wefunder requirement is to hit up our friends and family for a minimum of $50,000 before they will even talk to you. Not really what we were looking for. We are looking to grow an already established company... not beg friends for $50K. Exact email from Wefunder:

There is unfortunately no way to go live on Wefunder without first getting $50K in reservations privately from your own network and community. You can create your pitch and complete your legal registration if you want, but we won't send you any money without getting $50K reserved first.

Maybe a little rude, too.

Will look elsewhere at other options.

I have multiple investments with wefunder. The funding stage is very user friendly. however, I am now unable to view any of my investments in my portfolio. I tried clearing cache and cookies, using chrome, edge, their app, on my phone and laptop to no avail.. where are my investments? Why is their system so buggy. I emailed their support team and hopefully I get a response.. the last time I emailed them I received no response.. this is unnerving to invest on a platform that can't even provide a reliable service and website..

They took my funds and never gave it the company they were supposed to give it to. Then after 3 inquiries into why the company did not receive the funding, they took away my access to the account but claimed I still had access. I sent multiple videos proving otherwise. Wefunder was admitted nothing was wrong on their end and when my lawyers asked for verification of the account being active. They never provided it.
It would seem the 1.4 million dollar criminal fine for this same exact thing from 2016 to 2021 never actually stopped.
They are definitely con artists.