Results 1 to 11 of 11
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11-07-2019, 01:28 PM #1
- Join Date
- Aug 2016
- Posts
- 831
FundKite
Did yellowstone cut them off?
Hello <>,
As of today, FundKite is totally changing its business model.
BIGGER DEALS - We will no longer accept submissions from merchants with under $100,000 average monthly revenue.
MORE COMPETITIVE - In order to be more competitive, we are lowering our buy rates on 1st - 3rd positions to 1.24.
NO MORE HIGH RISK - We will no longer be entertaining High Risk opportunities. Effective Immediately, we will be declining any file that does not qualify under our main desk criteria.
SYNDICATE WITH US - Syndication will be available to select ISO’s that wish to capitalize on preferred deals.
HIGHER HOLDBACK – We will raising our holdback to 25% on premium paper.
We really appreciate your continuous business and believe these changes will bolster our relationship even further.
Thank you for your loyalty and trust in FundKite. Contact your ISO Rep for further information and details.
Download our latest submission guidelines here:
Yours Truly,
Alex Shvarts
CEO of FundKite
929-999-9500
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11-07-2019, 01:40 PM #2
They are one of the most aggressive spammers 5 different reps spam us weekly. They could not handle larger deals before now they dont accept under 100k monthly revenues. interesting
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11-07-2019, 01:49 PM #3
- Join Date
- Jun 2015
- Posts
- 3,325
haha what will it take to get cut off from yellowstone
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11-07-2019, 05:20 PM #4
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11-07-2019, 05:27 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
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11-07-2019, 05:29 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
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11-08-2019, 10:16 AM #7
- Join Date
- Jun 2013
- Posts
- 351
HIGHER HOLDBACK – We will raising our holdback to 25% on premium paper
This completely contradicts going upstream. After the business owner spends the money, >75% of their income will cover rent, payroll, inventory/cogs, etc. How does this work out long term?
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11-11-2019, 01:30 PM #8
This eliminates the need for a mechant to stack if they require a higher funding amount.
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06-30-2024, 07:32 AM #9
- Join Date
- Aug 2018
- Posts
- 837
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06-30-2024, 09:11 PM #10
- Join Date
- Mar 2024
- Posts
- 247
Fundkite under extreme assault on numerous threads? lol
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07-01-2024, 04:57 PM #11
- Join Date
- Apr 2018
- Posts
- 114
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