[fundingfloor]

How do you determine who is a legit funder or not? What’s to stop a broker that white labels to list as a funder?

If you head to the site, you can see that there is no automated sign up. When you sign up you go into a queue that alerts us. We verify some basic data (real business email and phone number, etc.) and pull some more complex data (BBB and other ratings, domain registration date, etc.) to determine if a funder is real and if they are a funder. We also get at least 2 industry references that we know, either brokers/funders already using our platform, or we request it from the Funder.

We do a couple of other things as well but if I post it all I'm sure people will use it to sneak on. Then there's always DailyFunder of course, which is how I discovered this forum in the first place.

If someone did manage to somehow trick their way through the entire system, I'm sure our community of brokers would let us know and we'd ban there account instantly.