Short answer
Fundo, LLC is a North Miami Beach funder selling small advances, 500 to 10,000 dollars, to gig workers, freelancers and micro-businesses, with no credit check and same-day funding. The record splits sharply. Its BBB profile shows a B rating with accreditation since 2020, but also 96 complaints in three years and a customer review average of 1.95 of 5, while Trustpilot sits near 3.5. The documented pricing is among the highest we have covered: factor rates of 1.7 to 3.5 per Finder's published review, meaning a 5,000 dollar advance can require up to 17,500 dollars back. And a June 2026 investigation by Protect Borrowers found thousands of UCC liens filed by Fundo against gig workers' bank and payment accounts in just three states. We found no government enforcement action against Fundo, and it is important to say so plainly.
This page summarizes what the public record shows as of August 14, 2026: the BBB business profile, complaint file and reviews, Fundo's own published eligibility terms, Finder's documented rate figures, and the Protect Borrowers UCC lien investigation.
Who Fundo actually funds
Most funders in this directory serve established small businesses. Fundo's market is smaller and more exposed: rideshare and delivery drivers, online sellers, freelancers, contractors, businesses as young as three months with as little as 1,500 dollars in monthly revenue. There is no credit check and no personal guarantee, the application connects straight to your bank account through Plaid or Decision Logic, and funding can arrive the same day. The advances are structured as purchases of future receivables, not loans, and Fundo does not operate in New York or California.
Every part of that design serves speed, and speed is what the positive reviews praise: approvals in hours, money when banks and other lenders said no, staff described as helpful. The negative record is about what the speed costs, and who bears it. A gig worker with a 700 dollar advance has far less cushion for stacked fees than a restaurant with a 200,000 dollar one, and the complaint file reads accordingly.
What the money costs
Fundo publishes no rates. The only citable pricing we found is Finder's published review, which documents factor rates of 1.7 on ten-week terms, 2.4 on twenty weeks, and 3.5 on thirty weeks. For scale, the factor rates commonly seen across the advance industry run roughly 1.1 to 1.5. At Fundo's documented range, a 5,000 dollar advance means 8,500 dollars back on the shortest term and 17,500 on the longest. Finder also lists processing fees, a 25 dollar same-day transfer fee, and late fees, with other fees undisclosed.
The complaint file shows what that arithmetic looks like on small balances. Individual BBB accounts, which are borrower statements rather than verified contract terms, describe a 1,100 dollar advance carrying 200 dollars in upfront fees and a 2,300 dollar payback; a 500 dollar advance that netted 400 after fees and required fifteen payments of 90 dollars; and a 600 dollar advance on which Fundo later demanded 3,349 dollars after a 1,500 dollar default fee and 50 dollar charges per failed debit attempt. One reviewer put it directly: unfair and unclear fees, extremely predatory. Two fee figures recur across unrelated complaints, the 1,500 dollar default and collections fee and the 50 dollars per returned debit, which is what makes small balances balloon.
The UCC lien practice
The most significant documented finding about Fundo is not a star rating. In June 2026, Protect Borrowers published an investigation into UCC lien filings against gig workers and found thousands of examples from Fundo and one other funder in Colorado, Ohio and Pennsylvania alone, liens reaching workers' bank accounts, payment app accounts and platform payouts. The report also relays worker accounts that getting a lien removed required paying an inflated paperwork filing fee running to hundreds of dollars, and it links individual complaints in the CFPB's public database describing the practice.
The BBB file corroborates the mechanics. A January 2026 complainant reported that a personal UCC filing was distributed to multiple payment processors and froze their business payouts; Fundo's response confirmed that it files UCC-1 financing statements on default as a contractual remedy. A UCC lien is a standard secured-creditor tool and filing one is legal. What the record documents here is scale and reach: thousands of filings, in three states, against the smallest borrowers in the market, touching income accounts directly. If you have a Fundo advance and your payouts freeze without warning, this is the mechanism to check first.
The rest of the complaint file
Beyond fees and liens, three themes repeat across the 96 complaints. First, no visibility: there is no online portal showing your balance or payment history, so borrowers report learning their payoff number only by phone, and disputing it from memory. Second, debit disputes: repeated debit attempts on accounts and cards that borrowers describe as unauthorized, often colliding with the 50 dollar returned-payment fee. Third, marketing pressure: texts and emails, including to people who say they never applied. On the other side of the ledger, Fundo answers its complaints, offers payment-date moves and up to three installment reductions without a financial review, and offers early-payoff discounts. Both the responsiveness and the fee structure are real; they just belong to different moments in the borrower's experience.
What to check in your own paperwork
The factor rate and total payback in dollars.
On a 30-week term the documented range means paying up to three and a half times the advance. Get the total, not the weekly number.
The default fee schedule.
The 1,500 dollar default fee and 50 dollar per-failed-debit charges in borrower accounts dwarf the typical Fundo advance. Find those clauses before you miss a payment, not after.
The UCC remedy.
Fundo files UCC-1s on default. Know which accounts your agreement reaches, including payment apps and platform payouts.
Your payoff number, in writing.
With no portal, request written statements as you go.
Structure.
A purchase of future receivables is an advance, not a loan, and reconciliation and adjustment rights differ. Check whether yours has any.
Frequently asked questions
Is Fundo legit?
Fundo, LLC is a real company, formed in June 2019, headquartered in North Miami Beach, Florida, BBB accredited since June 2020 with a B rating. It is not a scam in the sense of taking money and disappearing; it funds quickly and answers its complaints. The concerns in its public record are cost and collection practices: documented factor rates of 1.7 to 3.5, borrower accounts of stacked default fees, and an investigation documenting thousands of UCC liens against gig workers' accounts. Legitimate and expensive are not opposites.
What are Fundo's rates and fees?
Fundo does not publish rates. Finder's published review documents factor rates of 1.7 on ten-week terms, 2.4 on twenty weeks and 3.5 on thirty weeks, against an industry-typical range of roughly 1.1 to 1.5, plus processing fees, a 25 dollar same-day transfer fee and late fees. Borrower complaints repeatedly reference a 1,500 dollar default and collections fee and 50 dollar charges per failed debit. On a 5,000 dollar advance, the documented factor range means between 8,500 and 17,500 dollars back.
Why did Fundo file a UCC lien on my account?
Fundo files UCC-1 financing statements when it considers an advance in default, a remedy its agreements provide for, and its complaint responses confirm the practice. A June 2026 Protect Borrowers investigation found thousands of such filings in Colorado, Ohio and Pennsylvania alone, reaching bank accounts, payment app accounts and platform payouts. If your payouts froze without warning, request the UCC filing details, check which entity filed and what collateral it claims, and get any payoff and release terms in writing before paying fees to clear it.
Does Fundo check credit or require a personal guarantee?
No on both, per Fundo's own published terms. Eligibility is based on revenue rather than credit: roughly three months in business, 1,500 dollars or more in average monthly revenue, a bank account connectable through Plaid or Decision Logic, and no open bankruptcy. That accessibility is the trade for the pricing. Note that Fundo does not offer services in New York or California, and the absence of a personal guarantee does not prevent UCC filings against business receivables and payment accounts on default.
Why are Fundo's reviews so mixed?
Because the two review populations experience different products. Trustpilot, near 3.5, is where funded borrowers describe fast approvals and helpful staff, usually within days of getting money. The BBB file, averaging 1.95 of 5 with 96 complaints in three years, is where borrowers land months later, dealing with stacked default fees, debit disputes, no portal to verify a balance, and liens. Speed is experienced immediately and cost is experienced later, which is why we weight complaint records above star ratings across this entire site.
Can a Fundo balance be settled?
Small advance balances can often be resolved, and Fundo's own policies include early-payoff discounts and up to three installment reductions without a financial review, which is more flexibility than many funders publish. Where balances have ballooned through default fees and per-debit charges, the gap between what was advanced and what is demanded is exactly the ground negotiation covers. Send us the agreement and your statements and we will tell you in writing what is realistic, including if the balance is small enough that paying our fee would not make sense for you.
If the payments are the problem
Fundo balances are small, but the businesses carrying them are smaller, and a 90 dollar weekly debit against a delivery driver's income behaves like a 9,000 dollar one against a restaurant's. If the debits are outrunning your income, or a lien has reached your payouts, the first step is establishing exactly what you owe against what you received, in writing, because with no borrower portal, the number in the phone call is not documentation. Send us what you have and we will tell you what is realistic, including if we do not think we can help.
