Results 1 to 7 of 7
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01-17-2024, 10:53 PM #1
- Join Date
- Jul 2023
- Posts
- 6
Fenix capital funding
Any thoughts about them?
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01-18-2024, 09:36 AM #2
- Join Date
- Oct 2021
- Posts
- 218
awful company
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01-18-2024, 09:39 AM #3
- Join Date
- Feb 2017
- Posts
- 3,416
Since when did Fenix become awful? They always give competitive offers (2nd position+) and are efficient in their underwriting. They were among the pioneers of the reverse consolidation, too, and have been around a long time.
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01-18-2024, 10:10 AM #4
- Join Date
- Oct 2015
- Posts
- 30
Fenix is a great company, your loss
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01-18-2024, 10:24 AM #5
- Join Date
- Nov 2020
- Posts
- 30
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01-18-2024, 11:36 AM #6
- Join Date
- Oct 2021
- Posts
- 218
Poor customer service, easily frauded. They funded a merchant I know for a few advances with no issues (i didnt fund the merchant there). Somehow they funded a business they thought was tied to the merchant which caused the good standing account to put a stop payment in their system. No follow up to the merchant to see whats going on, no emails, no phone calls. Instead they just put a massive judgment on the merchant and the business a few months later.
Merchant would tell me how disrespectful they were during phone calls during the first few advances when trying to renew the merchant. I heard a few of them, its your typical you know what from NY/NJ/Staten Island kind of funder.
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01-29-2024, 10:25 PM #7
- Join Date
- Jan 2017
- Posts
- 26
Fenix is awesome!!!!!. Very transparent and gives great approvals. I have syndicated with them and funded many Units on our Brokerage side with them and can provide direct merchant testimonials and great feedback from them. Very professional organization there.
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