Wefunder, Inc. Reviews 371

TrustScore 2 out of 5

2.1

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Rated 1 out of 5 stars

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. Loop... See more

Rated 4 out of 5 stars
Verified

There has been two separate incidence of moneys not able to be pulled form the bank account from the Wefunder platform. Yes, both times I've been helped diligently to fix the issue but took a long ti... See more

Company replied

Rated 1 out of 5 stars
Verified

Should do much more do support investors with startup that ghost their investors after raising the funds. We make investments at our own risk, but we also expect to be informed about the progress made... See more

Company replied

Rated 1 out of 5 stars
Verified

There is no protection from unscrupulous businesses. One company took our money and then refused to respond to numerous investor requests for information. The situation has gone on for years. Richa... See more

Company replied

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Company details

  1. Investment Service
  2. Alternative Financial Service
  3. Financial Institution
  4. Investment Company
  5. Non-Bank Financial Service

About Wefunder, Inc.

Written by the company

Wefunder is the largest stock market for retail investors to invest in 'private' startups.

We created this industry in 2012. Then we lobbied 9 years for regulatory reform. We petitioned Congress & shaped law. Invited to watch Obama sign the JOBS Act.

We’re a Public Benefit Corporation with a goal to fund 20,000 more founders by 2029. In all 50 states. From all backgrounds. From coffee shops to supersonic planes. Backed by the people who believe in them.

We help anyone invest in what they believe in – to vote with their dollars on what our society should fund. Together, we help more scrappy, hungry risk-takers take their shot to move our world in a better direction.

Our vision is to be the pre-NASDAQ stock market. We want to make it normal for every high-growth startup to raise from their customers and fans in a "Community Round." Startups will be able to raise up to $150M in a primary offering from the public... but legally, they remain private companies. Secondary trades happen once every 9-18 months in a "long term stock market" that lines up with traditional VC raises. Companies get the upside of fans investing and liquidity, but without public company restrictions or quarterly earnings pressure.


Contact info

2.1

Poor

TrustScore 2 out of 5

371 reviews

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Replied to 19% of negative reviews

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Rated 1 out of 5 stars

You invest in their promoted companies

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

January 15, 2025
Unprompted review
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Rated 1 out of 5 stars

Don’t bother “investing”… not only will…

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.

April 17, 2025
Unprompted review
Rated 1 out of 5 stars

I have an account at Wefunder and…

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.

August 29, 2025
Unprompted review
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Rated 1 out of 5 stars

Friends and Family Requirement

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.

August 11, 2025
Unprompted review
Rated 1 out of 5 stars

I have multiple investments with…

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..

July 31, 2025
Unprompted review
Rated 1 out of 5 stars

Wefunder 1.4 million criminal charge not enough

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.

July 31, 2025
Unprompted review
Rated 1 out of 5 stars

though i invested right now knowing i…

though i invested right now knowing i made a mess of by myself after the failure here now realizing safe space to trade bitbybit flow for anyone that care to try such flow test run Grindflow . unalike in terms of an experienced miner that has gone over board ,i can beat my chest and flex muscle for it

July 31, 2025
Unprompted review
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Rated 1 out of 5 stars

Non existent customer service once you've handed over your money!

We invested through Wefunder and now regret it merely because of the nonexistent customer service. We have reached out via email and phone to schedule a brief phone call to answer our questions. It's now been 20 days and we've made over a dozen attempts. At first we got useless responses via email that seemed like they were nothing more than an AI response telling us to read the website. No one ever responded to our phone messages and they've stopped responding to our emails. Maybe they'll respond if you haven't funded yet but once you have, don't expect any customer support.

June 20, 2025
Unprompted review
Rated 1 out of 5 stars

Invested in Aquaborne

Invested in Aquaborne SAFE on Oct 2021. Love the idea. There was slow and little progress. I don't see how they were as ready for production as reported. I just checked Wefunder and the last update posted was over 2 1/4 years ago. Just checked on the catalog mentioned on the Wefunder page is a bad link. They reportedly received $113,349 in funding through Wefunder. I won't be using Wefunder again.

June 2, 2025
Unprompted review
Rated 1 out of 5 stars

I can't add the bank account to…

I can't add the bank account to platform, there no comunication posibility, only email. I can't Withdrawal the money, don't invest here..

April 28, 2025
Unprompted review
Wefunder, Inc. logo

Reply from Wefunder, Inc.

Hi Saulius,

Thanks for reaching out. As you'll note in my email yesterday, you absolutely can send your money back to your bank account. We don't allow ACH bank transfers from non-US banks. However, you can send it back as a wire - pretty normal for international transactions. All you need to do is log into your Wefunder Cash account and select to withdraw money, check the wire option, and enter the information. Pretty easy! Let us know if you need help.

Best,

Mark Mercer
Director of Experience
Wefunder

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Rated 1 out of 5 stars

I have invested in four venues

I have invested in four venues. One of them failed and the money was lost. I know that's a risk taken when you buy shares. The other three in which I invested more than three years ago have not make any reports or communications two of them for more than a year and the other since August 2024. When I asked the wefunder personnel they said they just recommend fundraisers but it seems they don't have the comprommitment to investors. Total uncertainty

March 25, 2025
Unprompted review
Wefunder, Inc. logo

Reply from Wefunder, Inc.

Hi Angel,

I'm sorry that you feel your service with us has been one-star worthy. I did look at the communications between you and I in December of 2024. I wanted to clear up a few things:

- Wefunder does not suggest any fundraising to investors. Legally, we cannot do so, and we maintain a neutral stance on the platform.
- Communications from companies to investors is the responsibility of the company. Wefunder does it's best to reach out to companies to encourage them to update investors, but we do not have any authority of their action on this.
- I did inform you that we also were growing our post-funding team to help in this effort mentioned in the above point. We are committed to doing our part.

If you have an idea on how we could be doing better, we are always open to hear your feedback.

Best,

Mark "Merc" Mercer
Director of Experience
Wefunder

Rated 1 out of 5 stars

ZERO Customer Support

I paid for "VIP" membership and in terms of "support," there is none. I've sent 3 emails over 7 days, and left a voicemail. They claim they will respond within 1 business day, they do not. They are holding my money on interest in an investment I've asked multiple times to withdraw from, but nobody is responding. Do not do business with them if you want any sort of customer support.

February 14, 2025
Unprompted review
Wefunder, Inc. logo

Reply from Wefunder, Inc.

Hi Debbie,

Thanks for reaching out. As you know, I've been able to look into this already for you and we should now have you taken care of. Our apologies for your email not reaching us, but we hope we have that fixed for the future.

Thanks for your understanding,

Mark Mercer
Director of Experience
Wefunder

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