At a glance
BBB rating:
B (on the Fundo, LLC profile; BBB Accredited since 6/8/2020)
BBB complaints:
105 (in the last 3 years, 29 in the last 12 months)
CFPB complaints:
130 (filed under Fundo LLC, July 2022 to October 2026)
Florida registration:
Active LLC (document L19000154033, filed 6/11/2019)
Short answer: Fundo LLC is a Florida company, registered in 2019 and based in South Florida, that sells small merchant cash advances of $500 to $10,000 to gig workers, freelancers and very small businesses, with no credit score check and no personal guarantee. Fundo LLC reviews are mixed: Trustpilot shows 3.2 out of 5 from 216 reviews, while the BBB gives it a B rating with 105 complaints in three years and a 1.67-star review average. The complaints are mostly about cost: default and returned-payment fees, balances that grew well past the amount funded, and liens on the accounts where borrowers get paid. We found no regulator action against the company.
By the Business Debt Adjusters research desk. Reviewed November 4, 2026. Sources are linked inline and listed below. If you can show us a record that contradicts anything here, call (877) 817-0404 and we will correct it.
This page summarizes the public record as of November 4, 2026: Florida's corporation records, Fundo's own website, the BBB, Trustpilot, the CFPB complaint database, a June 2026 report by Protect Borrowers, Finder's review, federal court opinions on GovInfo, and New York, Connecticut and Colorado business records. We could not search Florida state courts, a full federal docket index or the state UCC indexes ourselves, and finding no regulator action is not proof that none exists.
What Fundo is
The legal entity. Florida's Division of Corporations lists FUNDO LLC as an active Florida limited liability company, document number L19000154033, filed on June 11, 2019, with a principal address at 3323 NE 163 Street, Suite 509, North Miami Beach. It has filed an annual report every year, most recently on February 5, 2026. Fundo's terms and privacy policy describe it as a Florida limited liability company, and the BBB profile gives the same start date and North Miami Beach address. Fundo's contact page now gives a different address, 2028 Harrison St., Suite 202, Hollywood, Florida, with the phone number (866) 393-8636.
What it sells. Fundo's FAQ describes its product as "an advance payment for the purchase of your future business revenue" and says a merchant cash advance "isn't a loan." According to its own pages:
Amounts:
$500 to $10,000, with same-day funding available until 3 PM ET, subject to approval.
Who it funds:
rideshare and delivery drivers, freelancers, contractors, salons, food trucks and online sellers, with at least three months in business and $1,500 or more in average monthly revenue.
Underwriting:
no credit score check and no open bankruptcy; you connect your bank account through Plaid or Decision Logic.
Guarantee:
none. The FAQ says a personal guarantee "is never required."
Repayment:
"generally repaid in under a year with small automatic debits from your bank account." The FAQ says Fundo can adjust payments when income drops and offers discounts for early payoff.
Where:
not offered in California or New York.
What it costs. Fundo does not publish rates or fees. Finder's review, updated October 28, 2026, lists factor rates of 1.7 on a 10-week term, 2.4 on 20 weeks and 3.5 on 30 weeks, so the total payback on the longest term is three and a half times the amount advanced. Finder also lists processing fees, a $25 same-day transfer fee and late fees, with other fees undisclosed. Fundo's own FAQ says merchant cash advances "usually carry much higher rates than other financing options." Your agreement controls; ask for the total payback, the payment amount and schedule, and every fee in writing before you sign.
Not every Fundo is this company. Fundova LLC, covered in our Fundova review, is a separate New York company. Fundomate Technologies, registered in Connecticut as a commercial financing provider, is a California company. Colorado lists an unrelated Fundo LLC formed there in 2023. Check that your agreement names Fundo LLC of Florida.
Fundo reviews
BBB rating:
B, on the Fundo, LLC profile in North Miami Beach. BBB Accredited since 6/8/2020; the BBB file opened 5/20/2020. The profile shows no alerts or government actions.
BBB customer reviews:
48, averaging 1.67 out of 5.
BBB complaints:
105 in the last three years, 29 in the last 12 months. The BBB marks 93 answered and 12 resolved.
Trustpilot:
3.2 out of 5 from 216 reviews, 60% five-star and 27% one-star. Only 10 were posted in the last 12 months.
CFPB complaints:
130 filed under Fundo LLC from July 2022 to October 27, 2026.
Trustpilot. The profile has been claimed since September 2023, and Trustpilot notes that Fundo has not recently invited customers to review it. The recent one-star reviews, from mid-2025 to October 2026, describe upfront fees, a $1,500 penalty and lien threats after missed payments, a UCC lien the reviewer says was filed without consent, a payment taken from a bank account the reviewer had removed, trouble seeing account documents, and applications declined without an explanation.
BBB reviews. The ten reviews displayed when we checked, from December 2025 to October 2026, are all one-star. They describe balances far above the amount advanced after a few late payments, unclear fees, long holds to get a balance, and repeated calls and emails after a request to stop. No business replies were shown. Reviews are reported by the people who post them and are not verified.
Fundo complaints
The BBB sorts the 105 complaints into service issues (33), billing (24), orders (22), sales and advertising (12), product (9), customer service (4) and delivery (1). The ten complaints displayed when we checked, filed between May and September 2026, show the same few themes:
Default and returned-payment fees.
Three complainants dispute a $1,500 late or default fee, two a $250 UCC fee, and others returned-payment (NSF) charges. Fundo's replies say the fees are set out in the agreement.
Balances that grew past the advance.
One complainant says a $1,400 advance, about $1,200 after a $200 fee, became a disputed balance of about $6,485; another says a $300 advance became a $2,234 demand. These are the complainants' figures, not verified contract terms, and in one case Fundo replied that its payment records differ.
Frozen payouts and wages.
Two complainants describe notices to payment processors or frozen payment accounts or wages. Fundo answered that its security interests cover only the business payment processors identified at funding, that it notifies those account debtors, and that it does not freeze consumer bank accounts.
No clear ledger.
Two complainants ask for an itemized accounting of what they received, paid and were charged.
Payments they cannot afford.
One complainant says a $170 weekly debit was more than they could carry; Fundo postponed the next payment and pointed to a window to request a payment adjustment through reconciliation.
Fundo does answer. In one September 2026 complaint it first refused, then accepted a $700 offer as full settlement of a disputed balance, and the customer called the result satisfactory. In another it replied that its product is a commercial merchant cash advance, not a consumer loan.
The CFPB file. The CFPB complaint database holds 130 complaints filed under Fundo LLC: 3 in 2022, 5 in 2023, 29 in 2024, 58 in 2025 and 35 in 2026 through October 27. People filed 91 of them as payday, personal or advance loans and 36 as debt collection, even though Fundo sells to businesses. The most common issues are "Charged fees or interest you didn't expect" (28), "Took or threatened to take negative or legal action" (17) and "Confusing or missing disclosures" (11). Fundo closed 129 with an explanation and one, in 2022, with monetary relief. A complaint is the filer's account, not a finding against the company.
Lawsuits, UCC liens and regulators
UCC liens. In a June 25, 2026 report on cash advances sold to gig workers, the advocacy group Protect Borrowers wrote that it found "thousands of examples just from Colorado, Ohio, and Pennsylvania" of Fundo and one other funder filing UCC liens against gig workers' bank accounts, Cash App accounts and the accounts their platforms pay into. The report adds that some gig workers say getting a lien removed requires paying a filing fee that can cost hundreds of dollars. We did not count the filings ourselves. Fundo's BBB replies describe the same mechanism from its side: a security interest in the designated business processors, with notices going only to the account debtors identified at funding. A UCC filing is a standard way for a secured creditor to record its claim; our page on UCC liens from an MCA explains how they are released.
Regulators. We found no FTC, CFPB, state attorney general or state regulator action naming Fundo LLC, and the BBB profile shows no government action alert. Fundo is not on Connecticut's October 2026 list of registered commercial financing providers; we could not open Virginia's registrant list.
Courts. GovInfo, which publishes selected federal court opinions, has no opinion naming Fundo LLC; the only match for the name is a Delaware case that cites an unrelated company called Refundo. We could not search Florida state courts or a full federal docket index, so we cannot give a lawsuit count. Allegations in a lawsuit are not findings. If Fundo has sued you, our Fundo lawsuit page covers response options and deadlines, and our page on whether MCA companies can sue you explains the process. Talk to a lawyer before the response deadline.
What to do if you're behind on Fundo payments
- Get your agreement and ask Fundo in writing for a ledger: the amount funded, fees taken at funding, every payment, every fee added and the current balance.
- Find the reconciliation clause. A purchase of future receivables usually lets you ask for lower payments when your income drops; our explainer on MCA reconciliation covers how to request one with bank statements. Do it before a payment fails, not after.
- Find the default, returned-payment and UCC fee clauses, and which accounts and payment processors the agreement covers.
- Stopping debits, removing the bank link or moving your account can be treated as a default and trigger those fees. Read the contract before you act.
- If you settle, get the payoff amount, the due date and a written promise to release any UCC filing once paid. Our Fundo settlement page covers what to ask for.
If the payments are more than your income can carry, Business Debt Adjusters negotiates settlements and restructured payment plans with merchant cash advance funders on behalf of business owners, and coordinates with attorneys when a lawsuit is involved. See how MCA debt relief works, or call (877) 817-0404. On a small balance we will tell you if handling it yourself makes more sense.
Fundo LLC reviews: common questions
Is Fundo LLC legit?
Fundo LLC is a real, registered company: Florida lists it as an active limited liability company filed on June 11, 2019, and the BBB has accredited it since 2020 with a B rating. Its public record is about cost, fees, balances that grew after a default, and liens on payment accounts.
What does Fundo sell?
Merchant cash advances of $500 to $10,000, which Fundo describes as a purchase of your future business revenue, not a loan. It markets them to gig workers, freelancers and very small businesses, with no credit score check and no personal guarantee, repaid by automatic debits from your bank account. It does not offer them in California or New York.
What are Fundo's rates and fees?
Fundo does not publish them. Finder's review lists factor rates of 1.7 for a 10-week term, 2.4 for 20 weeks and 3.5 for 30 weeks, plus processing fees, a $25 same-day transfer fee and late fees. In complaints on the BBB, borrowers dispute a $1,500 late or default fee, a $250 UCC fee and returned-payment fees.
How many complaints does Fundo have?
As of November 4, 2026, the BBB shows 105 complaints in the last three years, 29 of them in the last 12 months; the BBB marks 93 answered and 12 resolved. The CFPB's database holds 130 complaints filed under Fundo LLC since July 2022; the most common issues are unexpected fees, threatened negative or legal action, and confusing disclosures.
Why did Fundo freeze my payout or file a UCC lien?
In its BBB replies Fundo says its agreements give it a security interest in the business payment processors named at funding, and that notices go only to the account debtors identified at funding. Protect Borrowers reported finding thousands of examples of UCC liens filed by Fundo and one other funder in Colorado, Ohio and Pennsylvania. Ask Fundo in writing for the filing, the account it covers and the payoff and release terms.
Has Fundo been sued or fined?
We found no regulator action or fine naming Fundo LLC as of November 4, 2026, and no federal court opinion naming it on GovInfo. We could not search Florida state courts or a full federal docket index, so we cannot give a lawsuit count. If you have been served, see our Fundo lawsuit page and talk to a lawyer.
Is Fundo the same company as Fundova or Fundomate?
No. Fundova LLC is a separate New York company and Fundomate Technologies is a California company registered in Connecticut. Colorado also lists an unrelated Fundo LLC. The company covered here is Fundo LLC of Florida, document number L19000154033, at fundo.com.
What should I do if I can't keep up with my Fundo payments?
Get your agreement and a written ledger of what you received, what you paid and every fee. Ask Fundo in writing about a payment adjustment before you miss a debit, and check the reconciliation and default clauses. Stopping debits or closing the account can trigger default fees, so read the contract first and talk to a lawyer if you have been sued.
Sources
- FUNDO LLC, document L19000154033, Florida Department of State, Division of Corporations, read November 4, 2026.
- Fundo website, including its FAQ, contact, terms and privacy policy pages, read November 4, 2026.
- Fundo, LLC, Better Business Bureau profile, with its complaints and customer reviews, read November 4, 2026.
- Fundo reviews, Trustpilot, read November 4, 2026.
- Consumer Complaint Database, Consumer Financial Protection Bureau, company "Fundo LLC", searched November 4, 2026.
- What in the Giggle are We Doing?, Protect Borrowers, June 25, 2026.
- Fundo Review, Finder, updated October 28, 2026.
- United States Courts Opinions on GovInfo; New York Department of State active-corporations data; Connecticut Department of Banking commercial financing registrations as of October 6, 2026; Colorado Secretary of State business entity data, searched November 4, 2026.
