Fundkite
Need a Funder or Vendor? START HERE

Results 1 to 24 of 24
  1. #1
    Senior Member Reputation points: 32550 Funder Mark's Avatar
    Join Date
    Sep 2014
    Location
    NYC
    Posts
    1,436

    Fundkite

    Anyone hear of them or use them? My ISO says he got a $150k offer from them, paying off 2 positions for $100k, netting the client $50k.

  2. #2
    I worked for them before.
    At your own risk is all I can say.

  3. #3
    I'm signed on with them, I've done a couple of deals. The only complaint I have is that the merchant needs to physically overnight the whole contract. Other than that they are good people.

  4. #4
    they are brokers. if DBCFinancialJu-Tias worked there he can probably attest

  5. #5
    Everything I've funded with them was direct, their payments pull as Summit Partners. I've never had an issue with them brokering

  6. #6
    Senior Member Reputation points: 117586 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,109

    Quote Originally Posted by ThomasF View Post
    I'm signed on with them, I've done a couple of deals. The only complaint I have is that the merchant needs to physically overnight the whole contract. Other than that they are good people.
    if the COJ needs to be overnighted anyway, what's wrong with including the whole contract?

  7. #7
    Senior Member Reputation points: 51665
    Join Date
    Mar 2016
    Posts
    657

    Quote Originally Posted by Funder Mark View Post
    Anyone hear of them or use them? My ISO says he got a $150k offer from them, paying off 2 positions for $100k, netting the client $50k.
    They pull out of accounts as 'Summit Partners'

  8. #8
    In my case the merchant missed an initial and I overlooked it before he sent it out, instead of him emailing me a copy of him filling in the missing initial it prolonged the deal another day. But I guess your right, that was my fault.

  9. #9
    Member Reputation points: 359 FundKite's Avatar
    Join Date
    Apr 2017
    Location
    New York
    Posts
    27

    Hello Forum,

    Yes we are a Direct Funder.

    A bit more about us, our terms range from 3-12 months with rates starting at 1.15. We do 1st, 2nd, 3rd, an 4th positions. We also do multi position consolidations. Comm up to 15%. And full comm on renewals.

    We have funded as high as 1mm per deal.

    What makes us unique and why over 500 ISO's reps work with us, is our ability to to price deals that work. We are not Robots, and work close with our ISO's and listen to the feedback from the merchant to fund more deals.

    Please contact us direct and see the difference.

    ISO hotline: 929-999-2700
    ISO Boarding: https://fundkite.com/iso-boarding

  10. #10
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
    Posts
    162

    Reach out any time...most of you have my direct cell, lets get you boarded.
    Regards,
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  11. #11
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
    Join Date
    Aug 2012
    Location
    New York City
    Posts
    1,879

    Quote Originally Posted by Joseph Esparza View Post
    Reach out any time...most of you have my direct cell, lets get you boarded.
    Regards,
    Joe Esparza in the houseeee

  12. #12
    Senior Member Reputation points: 107104
    Join Date
    Aug 2016
    Posts
    827

    Quote Originally Posted by NoBigDeal View Post
    They pull out of accounts as 'Summit Partners'
    doc u sign saves hours off my day. not having to deal with the missing initial or that you did not sign like your driver license from 50 years ago.Even if they need the coj after sent. Also it lets lender do what ever the hell they do so when it comes , it funds.

  13. #13
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
    Posts
    162

    Quote Originally Posted by RickyR3712 View Post
    doc u sign saves hours off my day. not having to deal with the missing initial or that you did not sign like your driver license from 50 years ago.Even if they need the coj after sent. Also it lets lender do what ever the hell they do so when it comes , it funds.
    Thanks guys nice to be back.., let's do this...
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  14. #14
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    Fundkite

    just fyi, in case some of you don't know... SFS offeres a white label program for isos - the contracts and ACH payments say "Joe funding company " etc... so vet your "lenders" accordingly because with a pen stroke and 24 hour approval your basically the lender with SFS. so ask fundkite for a contract and read the fine print.if your questioning if they are A real lender.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  15. #15
    Senior Member Reputation points: 306908
    Join Date
    Jun 2015
    Posts
    3,321

    Quote Originally Posted by Jstarr View Post
    just fyi, in case some of you don't know... SFS offeres a white label program for isos - the contracts and ACH payments say "Joe funding company " etc... so vet your "lenders" accordingly because with a pen stroke and 24 hour approval your basically the lender with SFS. so ask fundkite for a contract and read the fine print.if your questioning if they are A real lender.
    sfs and 20 others

  16. #16
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
    Posts
    162

    Calling me out to the yard already?...I just got here boys.. PM me.
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  17. #17
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
    Posts
    1,372

    Quote Originally Posted by Joseph Esparza View Post
    Calling me out to the yard already?...I just got here boys.. PM me.
    sent you an email

  18. #18
    Senior Member Reputation points: 99426
    Join Date
    Sep 2012
    Location
    New York, NY
    Posts
    1,780

    There are many white label programs for ISOs. PSCNY's model is about turning ISO's into direct funders using their syndicate platform. Does it really matter anymore whether a funder is "a real funder" (whatever that means) or a white label funder? It's all just chest puffery. Whether you're a one man funder or 1000 man funder, it doesn't matter to the merchant as long as they receive their funds and they have a person to speak to in case there are issues.
    Last edited by MCNetwork; 04-26-2017 at 04:42 PM.

  19. #19
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    guys hold off I'm out of popcorn!!
    Last edited by mcaguru; 04-26-2017 at 05:16 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  20. #20
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by Joseph Esparza View Post
    Reach out any time...most of you have my direct cell, lets get you boarded.
    Regards,
    you're over there now?

  21. #21
    Member Reputation points: 359 FundKite's Avatar
    Join Date
    Apr 2017
    Location
    New York
    Posts
    27

    Quote Originally Posted by MCNetwork View Post
    There are many white label programs for ISOs. PSCNY's model is about turning ISO's into direct funders using their syndicate platform. Does it really matter anymore whether a funder is "a real funder" (whatever that means) or a white label funder? It's all just chest puffery. Whether you're a one man funder or 1000 man funder, it doesn't matter to the merchant as long as they receive their funds and they have a person to speak to in case there are issues.
    Hello, McNugget. Yes you are correct!

    SFS does offer a white label program. However not to indulge you in a long useless forum conversation.

    We are a Direct Funder! We do not fund anything with Strategic. Our Money, Our Contracts and we pull as Fundkite.


    Last edited by FundKite; 05-03-2017 at 01:58 PM.

  22. #22
    I've been working closely over the last few days with Joe. He's the man, very responsive and fighting to make sure the deal gets done.

  23. #23
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
    Posts
    162

    Quote Originally Posted by BizDev View Post
    I've been working closely over the last few days with Joe. He's the man, very responsive and fighting to make sure the deal gets done.
    Hey man, thanks for that - you can't pay for such a kind and public compliment.
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  24. #24
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    ..
    Last edited by Jstarr; 10-13-2017 at 05:39 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties





Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fintech Nexus is shutting down
Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend


DIRECTORY