FundKite Reviews and Complaints: The Record

If your agreement or your summons says AKF, Inc., that is FundKite. The company's own terms of use describe it as "AKF INC, DBA FundKite., a New York corporation" with a business address at 2 S. Biscayne Blvd, Suite 2350, Miami, FL 33131. New York records show one corporation, DOS ID 4762105, AKF, Inc., filed on 5/20/2015 in Kings County and still active. The BBB lists it at 40 Wall St, Suite 2705, New York, NY 10005; the Connecticut registry uses the Miami address. The BBB names Alex Shvarts, CTO; federal opinions call him CEO.

FundKite sells one core product, which its website calls revenue-based financing: "FundKite is purchasing your future business receipts (Receivables) at a discount," and "our products are purchases of account receivables and are not business loans." From the site:

These are the company's statements, and we have not verified them. The FAQ does not address early payoff, personal guaranties or UCC filings.

New York, June 2026. The New York Attorney General filed a petition in New York County Supreme Court (Index No. 452192/2026) against Mediation and Civil Arbitration, Inc., which does business as RapidRuling, and its founders. FundKite is not a party. It alleges that after The LCF Group left the platform in 2024, "Rapid Ruling has replaced LCF's business with other MCA company claimants," citing "arbitration awards issued by Rapid Ruling to AKF Inc., d/b/a FundKite, an MCA company, in 2024 and 2025." It also alleges that Rapid Ruling "has issued at least fifteen uncontested arbitration awards in favor of an MCA company since February 17, 2026"; the footnote lists fifteen 2026 New York County confirmation petitions, every one captioned AKF v. the merchant. It quotes a November 2025 state-court decision in one of those cases, AKF v. Limitless Wireless: "a fairly routine matter, with petitioner having hundreds of similar cases pending in this court." These are allegations and quotations in a case against other parties, and nothing has been decided. Our LCF Group record page covers the rest of that petition.

Connecticut. Connecticut requires commercial-financing providers to register; the Department of Banking's registry dated October 6, 2026 lists AKF, Inc. We found no Connecticut enforcement action against the company.

Elsewhere. California's Department of Financial Protection and Innovation, ftc.gov and the CFPB complaint database return nothing under either name.

A search of published federal opinions on govinfo.gov finds 38 documents that mention FundKite, most of them its own suits to collect; its New York County confirmation petitions are not in that count. We could not run a full docket search, so the list below is what we could document from published opinions and docket aggregators. Allegations are not findings.

Two of FundKite's own cases are the ones to read. In AKF, Inc. v. Western Foot & Ankle Center, No. 1:19-cv-07118 (E.D.N.Y.), FundKite paid a California podiatry practice $93,614 in October 2019 for 14 percent of its receipts until $130,545 was paid, collected through a daily debit of $888.06. On September 28, 2022, Judge Pamela K. Chen found that "because the contract was usurious, Plaintiff's motion is denied," held that the defendants "have established a defense of criminal usury," and dismissed FundKite's breach of contract and guaranty claims. In AKF, Inc. v. Haven Transportation Business Solutions, No. 1:22-cv-00269 (N.D.N.Y.), FundKite bought $219,368 of a company's receipts at $7,834.57 a week and later claimed $131,246.90, including a $39,172.86 default fee. On June 11, 2024, Judge Mae A. D'Agostino denied summary judgment, wrote that the court "has serious concerns that the Agreement is usurious and, therefore, unenforceable and void under New York law," and ordered FundKite to show cause why judgment should not be entered against it. The documents we could read do not show how that order was resolved. The other side of that record: in AKF, Inc. v. Royal Pets Market & Resort Holdings, No. 1:22-cv-00346 (N.D.N.Y.), the same judge entered a default judgment of $386,643.71 plus 9 percent interest on April 10, 2023, on an agreement that bought $533,540 of receipts for $358,049 and included a $103,373.38 default fee. When the merchant does not answer, the agreement is enforced as written.

Cases naming FundKite as defendant, appellee or respondent:

The pattern: Rapid Ruling awards confirmed in New York County, then restraining notices to the merchant's bank; and a live usury question that different courts have answered differently.

FundKite is built for businesses that need six figures quickly and can carry a weekly or daily debit. Before you sign, ask in writing for the purchased amount, the remittance percentage and estimated payment, the reconciliation procedure, the default fee, the arbitration clause and any personal guaranty. The MCA calculator converts a factor rate into a comparable cost; our page on MCA stacking covers second positions.

1. Collect every agreement, renewal and settlement you signed with FundKite or AKF, Inc., with the payment history.
2. Check for a personal guaranty, a reconciliation clause, an arbitration clause and the default fee.
3. Request reconciliation in writing if revenue has dropped. Our explainer on MCA reconciliation covers what to look for.
4. Blocking debits or moving your account can be treated as a default under many agreements; check your contract before acting. Our guide on stopping daily MCA payments explains the risks.
5. If a Rapid Ruling arbitration notice or a petition captioned AKF v. your business arrives, calendar the deadline; the awards the Attorney General describes were uncontested.
6. If you settle, get the schedule, the payoff amount and the date the debits stop in writing; if you are weighing bankruptcy, read MCA settlement vs. bankruptcy first.

Business Debt Adjusters negotiates MCA debt relief with funders like FundKite; how it works explains the process. If you are behind or close to it, talk to us before you miss a payment.

• Fundkite, Better Business Bureau profile, with its business details, complaints and customer reviews, read October 28, 2026.
• AKF, Inc., DOS ID 4762105, name history and filing history, New York Department of State datasets on data.ny.gov, read October 28, 2026.
• Terms of Use, Frequently Asked Questions, How It Works and home page, company website, read October 28, 2026.
• Commercial Financing Providers and Brokers Registered in CT, Connecticut Department of Banking, list dated October 6, 2026.
• People v. Mediation and Civil Arbitration, Inc., verified petition, Index No. 452192/2026 (paragraphs 82, 126, 138 and 139 and footnotes 79 and 127) and press release of June 8, 2026, New York Attorney General.
• AKF, Inc. v. Western Foot & Ankle Center, No. 1:19-cv-07118 (E.D.N.Y.), Memorandum & Order of September 28, 2022, govinfo.gov.
• AKF, Inc. v. Haven Transportation Business Solutions, Inc., No. 1:22-cv-00269 (N.D.N.Y.), Memorandum-Decision and Order of June 11, 2024 and order of May 27, 2026, govinfo.gov.
• AKF, Inc. v. Royal Pets Market & Resort Holdings, LLC, No. 1:22-cv-00346 (N.D.N.Y.), orders of November 7, 2022 and April 10, 2023, govinfo.gov.
• Franklin Capital Funding, LLC v. AKF, Inc. d/b/a FundKite, No. 2:19-cv-13562 (E.D. Mich.), opinion of July 2, 2020, govinfo.gov.
• LQD Business Finance, LLC v. AKF, Inc., No. 24-1071 (7th Cir. Mar. 17, 2025), govinfo.gov.
• Capozzolo v. AKF, Inc., No. 1:21-cv-01135 (W.D.N.Y.), decision of September 8, 2022, govinfo.gov.
• Pringle v. AKF, Inc. dba Fundkite, Adv. No. 2:22-ap-01054 (Bankr. C.D. Cal.) and Zairy ATS, LLC v. AKF Inc. d/b/a Fundkite, Adv. No. 5:24-ap-00027 (Bankr. E.D.N.C.), docket listings on PacerMonitor.
• Enpark Landscape, LLC v. AKF, Inc. dba FundKite, BAP No. NV-23-1182 (9th Cir. BAP Sept. 27, 2024).
• Mazzoni Center v. LCF Group, Inc., No. 2:24-cv-05921 (E.D. Pa.), memorandum of November 18, 2024, and Mazzoni Center settled litigation with Fundkite and LCF, The Philadelphia Inquirer, May 12, 2025.
• Gino's Awards Inc. v. AKF Inc., No. 1:25-cv-00359 (N.D. Ohio), opinion of July 11, 2025, and Mountain Valley Realty LLC v. AKF Incorporated, No. 3:26-cv-08117 (D. Ariz.), orders of July 7 and August 12, 2026, govinfo.gov.
• govinfo.gov United States Courts Opinions collection, search for "Fundkite", 38 documents, run October 28, 2026.