| Takeaway | Details |
|---|---|
| 🏢 What Fundomate Is | Fundomate is a fintech company offering fast, affordable financing solutions, including working capital loans, term loans, and merchant cash advances, for small and medium-sized businesses. |
| ⚡ Fast Approvals & Funding | Businesses can receive approvals quickly and funding within 24 hours, making it ideal for urgent cash flow needs. |
| 🧾 Flexible Financing Options | Fundomate provides multiple funding products—cash advances, working capital financing, and term loans—with flexible daily, weekly, or biweekly repayment options. |
| 🔍 Easy Qualifications | With lenient requirements (3+ months in business, ~$10,000 monthly revenue, and moderate credit), Fundomate is more accessible than traditional banks. |
| 🛡️ Security & Application Process | The application process is streamlined and secure, often integrated with payment processors, enabling quick document submission and rapid underwriting. |
| ⚠️ Costs & Hidden Fees | Fundomate may involve higher costs than bank loans, and some users report potential hidden fees or unclear factor-rate structures—especially with merchant cash advances. |
| ⭐ Customer Reviews | Fundomate holds a 4.7/5 Trustpilot rating. Clients praise speed and service, while negative reviews cite high costs, repayment pressure, or lack of clarity. |
| 📊 UCS Rating | 3.8 out of 5 — A solid short-term funding option, but costs and limited long-term products prevent a higher rating. |
Small businesses often struggle to qualify for traditional business financing—especially when cash flow is unpredictable, or they need capital quickly. Alternative funders like Fundomate step in to fill that gap by offering fast, affordable funding outside the usual bank loan process. But it’s crucial to carefully review any business-funding option before committing.
In this review, we’ll explore how Fundomate works, including the available options, pros and cons, and the application process. Specifically, we’ll answer these questions and more:
Fundomate is a fintech company that provides fast business financing, including same-day funding and flexible repayment terms up to 18 months. The company was founded in 2015 and is headquartered in Los Angeles, California.
Fundomate focuses on creating automated, easy-access funding solutions through partnerships and integrated finance technology. Its target customers are small- to medium-sized businesses — especially those with predictable or recurring processing volume (e.g., daily sales) and a need for quick access to capital. While Fundomate is suitable for established businesses looking for accessible financing, it may not be ideal for startups or companies with low credit scores.
Over time, Fundomate has expanded from a pure merchant cash advance model to a broader suite of financing products, aiming to support business growth, working capital needs, equipment leasing, and location expansion for merchants across retail, hospitality, e-commerce, and other industries.
Fundomate’s operational model enables fast access to financing, potentially within 48 hours or on the next business day. Through partnerships with payment processors and platforms, Fundomate can offer customers pre-approved offers or present multiple funding options via a single application process.
Fundomate offers several financing options tailored to meet short-term business funding needs.
Fundomate offers a business cash advance, in which a business receives an upfront lump sum based on projected revenue — often tied to credit card sales or daily sales volume. Repayment is based on a percentage of daily (or weekly) sales, so when business revenue fluctuates, repayment amounts do too. This product is similar to a merchant cash advance (MCA).
This option provides merchants with fast and affordable financing when they need cash quickly to cover day-to-day expenses or unexpected short-term needs, and aligns payments with their actual sales cycle. It’s beneficial for businesses with steady sales volume, though total repayment may be higher than with traditional loans.
Fundomate’s working capital loan is designed to help businesses manage ongoing operational expenses, such as payroll, inventory, supplies, and other recurring costs, providing the working capital needed to smooth cash flow. Businesses repay over a set period, and because repayment terms are flexible, this option can adapt to varying revenue cycles.
This loan type provides companies with access to capital without requiring collateral, offering a more straightforward path to funds than traditional bank financing. For businesses with irregular or seasonal income, this working capital funding can make cash flow more manageable.
For larger, one-time expenses — such as equipment purchases, location expansion, or substantial business investments — Fundomate provides a term loan. With this option, businesses receive a lump-sum payment that’s repaid over a fixed term (up to 18 months), with scheduled payments independent of daily sales.
This can be a more predictable financing option than cash advances or sales-based funding. Term loans may be a better fit for medium-sized businesses planning growth or capital investment, especially when they prefer fixed payment amounts over variable, revenue-based repayments.
Fundomate’s financing options can support business expansion, whether you’re opening a new location, expanding into a larger space, or renovating an existing facility. Through streamlined applications and fast approvals, businesses can access short-term capital in as little as 24–48 hours to cover upfront costs such as build-outs, signage, fixtures, and initial inventory.
Because repayment can be sales-based (depending on the product chosen), businesses can grow without taking on rigid long-term debt. This makes Fundomate a practical option for companies aiming to scale operations while maintaining flexibility during expansion.
For businesses that need to acquire or upgrade equipment without the burden of a large upfront purchase, Fundomate offers equipment leasing financing. Whether for machinery, POS systems, commercial kitchen equipment, or technology upgrades, this option helps businesses stay competitive with modern tools while preserving cash flow.
Payments are structured over time, often through manageable short-term repayment programs tied to revenue. This makes it easier for companies to secure essential equipment immediately, while avoiding the heavy capital expenditures or hidden fees often associated with traditional equipment loans.
Fundomate offers more lenient eligibility criteria than traditional bank loans. In many cases, Fundomate considers a personal credit score, though the requirements are generally lighter than those for conventional bank lending.
In most cases, businesses must meet the following minimums:
Fundomate started in the alternative lending space as a merchant cash advance company, providing advances against future credit card sales or daily sales volume—a model built for convenience and speed. Over time, the company expanded to offer additional revenue-based financing options, including term and working capital loans.
With this flexibility comes the potential for increased costs: Fundomate is associated with high-cost financing structures, particularly merchant cash advances. Such fee-heavy or factor-rate-based repayment terms can result in a total repayment amount that is significantly larger than the original advance.
Businesses might use funds from Fundomate for a variety of needs — from working capital to equipment leasing, inventory purchases, location expansion, or daily cash flow management. The ability to choose between revenue-based repayment (a percentage of income) and fixed repayment amounts provides flexibility. Fundomate offers flexible repayment options, allowing applicants to select daily, weekly, or biweekly payments.
Because Fundomate’s financing solutions are generally short-term and designed for fast funding, repayment amounts can be higher than those for term loans from traditional lenders — a trade-off for speed and ease of use. Regarding credit impact, Fundomate states it doesn’t always conduct a hard credit inquiry, so applying won’t necessarily affect your credit score. However, public information is unclear on whether payment activity is reported to credit bureaus consistently to build business credit.
Overall, Fundomate appears to be a trustworthy and well-regarded company: most reviews for Fundomate are positive, and the few negative comments do not significantly affect its reputation. Customer feedback on Fundomate’s staff quality can vary: some representatives are praised for their responsiveness and professionalism, while others have received negative feedback. Reviewers emphasize the positive interactions with specific team members, noting their knowledge, responsiveness, and dedication to keeping partners happy.
Fundomate has faced a lawsuit alleging fraudulent inducement and was found liable in a related court case. Meanwhile, Fundomate actively monitors customer reviews, indicating a readiness to address client concerns.
Fundomate offers a robust business funding affiliate program with a range of resources. ISOs and business loan brokers can learn more about the partner program and sign up on the company’s website.
Fundomate’s small business loan application process is quick and often allows clients to receive funds within 24 hours.
Complete the online application form on Fundomate’s website (or via a partnering merchant services provider/processor). Provide basic business information, recent bank statements or processing history, and details about monthly deposits or daily sales.
Once eligible, you’ll be presented with available funding solutions tailored to your business — such as working capital loans, term loans, or merchant cash advances — along with proposed terms, repayment structures, and funding amounts (up to $500,000+).
Choose the funding option that best matches your business needs (e.g., working capital for cash flow, term loan for equipment, etc.). Sign the agreement electronically.
After approval, funds can be deposited quickly—often the same business day or the next business day, depending on timing and banking processes. Fundomate’s funding process allows clients to receive funds within 24 hours after approval.
After funding, repayment is structured flexibly. Borrowers may choose between daily, weekly, or biweekly payments depending on the arrangement. Fundomate provides flexible repayment options, allowing businesses to choose the schedule that best matches their cash flow.
Regarding prepayment penalties, early payoff discounts, or renewal options, public information is limited. We could not find conclusive evidence of consistent early-payoff discounts or transparent renewal terms.
Fundomate provides fast, flexible funding for businesses that need quick access to capital. Its automated platform reduces paperwork and speeds up approvals, often delivering funds within 24 hours. With financing options ranging from merchant cash advances and working capital to term loans, Fundomate supports cash flow management, equipment leasing, location expansion, and overall business growth.
Repayment based on daily sales or fixed schedules — with daily, weekly, or biweekly options — helps businesses stay aligned with cash flow. Lenient eligibility requirements make it accessible to many SMBs. Users frequently report a professional, efficient experience, praising responsive support, clear communication, and transparent terms.
Fundomate’s speed and convenience come at a higher cost than traditional loans, as repayment is tied to daily sales and can result in substantial total payments, especially when revenue is strong. Its short-term products are best for immediate cash flow or working capital, not long-term growth, and overreliance could strain finances.
Limited transparency on business credit bureau reporting means that using Fundomate may not build business credit. Customer experiences vary, with some finding the cost structure challenging under a sales-based model. While generally considered trustworthy, Fundomate has faced legal scrutiny, including a recent lawsuit resulting in damages, which may be a concern for some business owners.
Pros
Cons
Yes, Fundomate is a legitimate business funding company. The company has demonstrated a lasting presence in the market, which suggests its stability and adaptability.
Fundomate is accredited by the Better Business Bureau (BBB), with an A+ rating. The company has publicly disclosed a $50 million line of credit raised in 2021, demonstrating institutional backing and capacity to support significant capital deployment.
At the same time, it is essential to acknowledge that Fundomate has faced legal challenges: in a recent lawsuit, specific claims against the company — including fraudulent inducement — were found to have merit, and the court awarded significant damages to the plaintiff. Prospective borrowers should be aware of that background and consider it as part of their due diligence.
Overall, reviews of Fundomate tend to be positive, though feedback varies by user experience and funding needs. Fundomate has a Trustpilot rating of 4.7 out of 5, indicating high customer satisfaction.
Many users praise Fundomate’s speed and efficiency: “funds were deposited quickly,” and the “process was smooth and straightforward.” Customers often highlight the professionalism, courtesy, and helpfulness of Fundomate’s team members.
One common recurring theme: specific loan specialists (e.g., “Thomas,” “Ariel,” “Shawn”) receive positive mentions for their responsiveness and for guiding clients through funding or renewals. Recent reviews indicate that user experiences have generally improved over time, with clients reporting more transparent communication, faster funding, and more consistent service.
Some users caution that Fundomate should be used as a last resort due to high fees and sales-based repayment pressure. Rates may be higher than those for traditional lending options, especially for merchant cash advance clients with variable revenue.
Others note that repayment tied to daily sales can strain cash flow, particularly during slow periods, underscoring the importance of understanding the full cost before signing.
Because alternative lending is inherently more expensive than traditional financing, some clients feel the long-term costs outweigh the short-term convenience — especially if they don’t plan carefully.
Fundomate may deny a loan application for several reasons, including a low credit score, insufficient business history, or insufficient revenue. If declined, the denial letter should explain why. If not, or if you need more information, contact Fundomate directly.
Fortunately, many business lenders offer similar funding products and additional programs that may meet your needs. Working with a small business loan marketplace (like UCS) allows you to apply to a network of lenders with a single application and receive multiple offers. You can then get guided support on choosing the best deal for your business.
You may be interested in one of the following small business loans:
For small and medium-sized businesses that need fast, short-term working capital — whether to smooth cash flow, manage payroll, lease equipment, or support a temporary uptick in expenses — Fundomate can be a solid option. Its streamlined funding process, flexible repayment terms, and range of financing options make it especially useful for businesses with recurring sales (such as retail, hospitality, or e-commerce) that need to act quickly.
However, businesses planning long-term growth, those that prefer predictable fixed-cost financing, or those concerned about high overall cost should carefully consider traditional financing or other lower-cost alternatives. The higher fees and short repayment horizons of revenue-based advances or working capital loans may make Fundomate less appealing for sustained growth or heavy capital investments.
Based on the available information, we rate Fundomate 3.8 out of 5. It’s a solid option for short-term working capital solutions, but it lacks long-term growth options.
Disclaimer: The Fundomate trademark is owned by Fundomate Technologies, Inc., and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Fundomate Technologies, Inc.
