FundKite
Merchant cash advance up to $2M, repaid as a % of sales. Unpublished factor (~43% to 75% APR in our example), 550 credit, funds within 24 hours of approval. Best for big advances.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Established businesses with at least $10,000 a month in deposits and credit as low as 550 that need $100,000 to $2,000,000 within a day and can accept a percentage of sales being taken until the advance is paid back.
Not for: Owners who want a published price before applying, a term past roughly 10 months, or a cost under about 43% APR. A bank line or SBA loan costs far less if you qualify.
Lender List verdict: FundKite is a New York direct funder that has bought future receivables since 2015 and writes larger advances than most peers, up to $2,000,000. It publishes no factor rate, and one federal court found a FundKite agreement was really a usurious loan, so read the contract closely.
FundKite at a glance
FundKite is a direct merchant cash advance funder offering $100,000 to $2,000,000 in revenue-based financing; FundKite reviews average 3.5 on Trustpilot.
| FundKite | |
|---|---|
| Lender type | Direct funder; revenue-based financing (MCA structure) |
| Founded | 2015 |
| HQ | New York, NY (also a Miami, FL office) |
| Parent/owner | AKF, Inc. d/b/a FundKite, a New York corporation |
| Products | Revenue-based financing; merchant processing; MCA syndication for investors |
| Amounts | $100,000 to $2,000,000 |
| Cost (headline) | Factor rate not published; a 1.2 example works out to about 43% to 75% APR |
| Term | No fixed term; up to about 220 days reported |
| Funding speed | Approval in as little as 2 to 4 hours; funds within 24 hours of final approval |
| Status | Active (2026-10-27) |
What is FundKite?
FundKite is the trade name of AKF, Inc., a New York company that has bought slices of small businesses' future sales since 2015. United Capital Source reports more than $900 million funded; FundKite cites 200,000-plus applications across 300-plus industries.
It funds deals itself rather than shopping them to other funders, appeared on Virginia's June 2024 sales-based financing registrant list, and also sells investors shares of its advances.
How FundKite revenue-based financing works
FundKite pays you a lump sum now in exchange for a larger fixed amount of your future receivables, collected as a set share of each day's sales.
- Application: Five minutes online plus four months of bank statements.
- Payments: A specified percentage of receivables by ACH or card batches, debited daily, weekly or monthly.
- No fixed installment: Collections track revenue; no interest or late fees.
- Reconciliation: You can ask for a daily, weekly or monthly true-up so collections match actual sales.
FundKite rates and fees: what it really costs
FundKite does not publish a factor rate, holdback percentage or fee schedule, and its own FAQ admits the product is not cheap.
- Factor rate: United Capital Source uses a 1.2 example; one 2022 court record shows $358,049 paid for $533,540 of receipts, a 1.49 factor.
- Holdback: Not published (United Capital Source's example uses 15%).
- Fees: No interest or late fees; origination and other fees are not published.
- Early payoff: FundKite does not say whether paying early earns a discount.
Worked example: a $50,000 advance at a 1.2 factor means $60,000 to repay, a $10,000 cost. Collected over 220 business-day debits, each payment is $272.73, roughly 43% APR. Repaid over about six months (126 debits of $476.19), the same deal runs about 75% APR. At the 1.49 factor from the court record, 220 debits of $338.64 put the cost near 98% APR. All figures assume no added fees.
FundKite requirements
FundKite asks for six months in business, $10,000 in monthly revenue and a business checking account, and considers credit scores from 550.
| Requirement | FundKite minimum |
|---|---|
| Personal credit score | 550 |
| Time in business | 6 months (its own comparison table and United Capital Source say 1 year) |
| Annual revenue | $10,000 a month (another FundKite page says $20,000; United Capital Source says $30,000) |
| Bank account / integrations | Business checking; last four months of statements |
| Credit check | Soft pull to apply |
| Collateral / guarantee | Owners sign a performance guaranty, per court records; FundKite does not state |
FundKite underwrites mainly on bank deposits, so steady revenue matters more than your score.
Merchant cash advance rules that protect you
FundKite's site terms are governed by New York law and it brings collection suits in New York courts; New York's commercial finance disclosure law requires an estimated APR on sales-based deals of $2.5 million or less for businesses run from New York.
- State disclosures: California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Texas, Utah and Virginia require commercial-financing disclosures; Virginia also requires registration, and FundKite appeared on Virginia's June 2024 registrant list.
- Reconciliation: Ask for it in writing as soon as sales fall; courts weigh whether it actually works.
- Confession of judgment and stacking: FundKite publishes no policy on either; check your agreement.
Pros and cons
FundKite's strengths are size and speed; its weakness is an unpublished price.
Pros
- Advances up to $2,000,000, four times many MCA peers
- Considers credit from 550, with a soft pull to apply
- Approval in hours and funds within 24 hours of final approval
- Payments tied to sales, with a right to reconcile
- BBB A+ and accredited since 2018
Cons
- No published factor rate, holdback or fee schedule
- Our 1.2-factor example costs about 43% to 75% APR
- FundKite's own pages disagree on minimum revenue and time in business
- A 2022 federal ruling held one FundKite agreement was a usurious loan
- Trustpilot 3.5 from 116 reviews
FundKite vs. Forward Financing vs. National Funding
FundKite funds up to $2,000,000, four times the $500,000 working capital ceiling at Forward Financing and National Funding.
| FundKite | Forward Financing | National Funding | |
|---|---|---|---|
| Max amount | $2,000,000 | $500,000 | Up to $500,000 (working capital) |
| Pricing | Factor not published (third-party example 1.2) | Factor not published (UCS customer-reported 1.3 to 1.5) | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | 550 | 500 | None stated; most customers 600+ |
| Min time in business | 6 months | 1 year | Not stated (NerdWallet: 24 months) |
| Min annual revenue | $10,000 a month | $10,000 a month | Not stated (Bankrate: $250,000) |
| Repayment | % of receivables; up to about 220 days | Daily or weekly, 3 to 18 months | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Not published | No extra charge; discount may be offered | May offer early payoff discounts |
Forward Financing and National Funding figures are from their own sites (third-party where marked), checked 2026-10-26.
Choose FundKite for advances above $500,000, Forward Financing for a 500 credit floor, National Funding for terms up to 24 months.
FundKite alternatives on Lender List
FundKite's closest alternatives here are Forward Financing, National Funding, OnDeck and Lendio.
- Forward Financing — revenue-based financing to $500,000
- National Funding — daily or weekly working capital for up to 24 months
- OnDeck — term loans and lines with a published average APR
- Lendio — one application, offers from many funders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about FundKite
FundKite is a legitimate New York funder in business since 2015, though its pricing is not published.
Is FundKite Legit? Yes. FundKite has operated since May 2015, per its BBB profile, holds a BBB A+ rating with accreditation since 2018, and appeared on Virginia's June 2024 sales-based financing registrant list. FundKite reviews average 3.5 on Trustpilot from 116 reviews. We found no regulatory action, but a 2022 federal ruling treated one of its contracts as a usurious loan.
Has FundKite Been Sued? We found no lawsuit or regulatory action brought against FundKite. FundKite (AKF, Inc.) has itself sued merchants and guarantors in New York federal court to collect defaulted advances. In one of those cases, Western Foot & Ankle (E.D.N.Y. 2022), the court held the agreement was a usurious loan.
Is FundKite a Direct Lender or a Broker? A direct funder, not a broker. FundKite's FAQ says it funds deals itself, and court filings show AKF, Inc. buying receivables in its own name. Strictly, it is not a lender either: its products are purchases of future receivables rather than loans, so they carry a factor rate instead of interest.
What Happens If My Sales Drop? Collections should fall with them. FundKite takes a percentage of receivables, not a fixed installment, and your contract includes a right to reconciliation, which you can request daily, weekly or monthly through your funding advisor. The total owed does not shrink, so repayment simply takes longer.
How Long Has FundKite Been in Business? Since 2015. BBB lists FundKite's start date as May 20, 2015, and it has been BBB accredited since 2018. United Capital Source reports more than $900 million funded since launch, which makes FundKite one of the more established direct funders in the merchant cash advance market.
Does FundKite Offer MCA Syndication for Investors? Yes, for accredited investors. FundKite's "MCA for Investors" program offers co-investing in its advances with fixed and variable return features. It does not publish a minimum investment, return figures or investor fees, and investors share merchant default risk, so get the offering documents before committing money.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Established businesses with at least $10,000 a month in deposits and credit as low as 550 that need $100,000 to $2,000,000 within a day and can accept a percentage of sales being taken until the advance is paid back.
Not for: Owners who want a published price before applying, a term past roughly 10 months, or a cost under about 43% APR. A bank line or SBA loan costs far less if you qualify.
Lender List verdict: FundKite is a New York direct funder that has bought future receivables since 2015 and writes larger advances than most peers, up to $2,000,000. It publishes no factor rate, and one federal court found a FundKite agreement was really a usurious loan, so read the contract closely.
FundKite at a glance
FundKite is a direct merchant cash advance funder offering $100,000 to $2,000,000 in revenue-based financing; FundKite reviews average 3.5 on Trustpilot.
| FundKite | |
|---|---|
| Lender type | Direct funder; revenue-based financing (MCA structure) |
| Founded | 2015 |
| HQ | New York, NY (also a Miami, FL office) |
| Parent/owner | AKF, Inc. d/b/a FundKite, a New York corporation |
| Products | Revenue-based financing; merchant processing; MCA syndication for investors |
| Amounts | $100,000 to $2,000,000 |
| Cost (headline) | Factor rate not published; a 1.2 example works out to about 43% to 75% APR |
| Term | No fixed term; up to about 220 days reported |
| Funding speed | Approval in as little as 2 to 4 hours; funds within 24 hours of final approval |
| Status | Active (2026-10-27) |
What is FundKite?
FundKite is the trade name of AKF, Inc., a New York company that has bought slices of small businesses' future sales since 2015. United Capital Source reports more than $900 million funded; FundKite cites 200,000-plus applications across 300-plus industries.
It funds deals itself rather than shopping them to other funders, appeared on Virginia's June 2024 sales-based financing registrant list, and also sells investors shares of its advances.
How FundKite revenue-based financing works
FundKite pays you a lump sum now in exchange for a larger fixed amount of your future receivables, collected as a set share of each day's sales.
- Application: Five minutes online plus four months of bank statements.
- Payments: A specified percentage of receivables by ACH or card batches, debited daily, weekly or monthly.
- No fixed installment: Collections track revenue; no interest or late fees.
- Reconciliation: You can ask for a daily, weekly or monthly true-up so collections match actual sales.
FundKite rates and fees: what it really costs
FundKite does not publish a factor rate, holdback percentage or fee schedule, and its own FAQ admits the product is not cheap.
- Factor rate: United Capital Source uses a 1.2 example; one 2022 court record shows $358,049 paid for $533,540 of receipts, a 1.49 factor.
- Holdback: Not published (United Capital Source's example uses 15%).
- Fees: No interest or late fees; origination and other fees are not published.
- Early payoff: FundKite does not say whether paying early earns a discount.
Worked example: a $50,000 advance at a 1.2 factor means $60,000 to repay, a $10,000 cost. Collected over 220 business-day debits, each payment is $272.73, roughly 43% APR. Repaid over about six months (126 debits of $476.19), the same deal runs about 75% APR. At the 1.49 factor from the court record, 220 debits of $338.64 put the cost near 98% APR. All figures assume no added fees.
FundKite requirements
FundKite asks for six months in business, $10,000 in monthly revenue and a business checking account, and considers credit scores from 550.
| Requirement | FundKite minimum |
|---|---|
| Personal credit score | 550 |
| Time in business | 6 months (its own comparison table and United Capital Source say 1 year) |
| Annual revenue | $10,000 a month (another FundKite page says $20,000; United Capital Source says $30,000) |
| Bank account / integrations | Business checking; last four months of statements |
| Credit check | Soft pull to apply |
| Collateral / guarantee | Owners sign a performance guaranty, per court records; FundKite does not state |
FundKite underwrites mainly on bank deposits, so steady revenue matters more than your score.
Merchant cash advance rules that protect you
FundKite's site terms are governed by New York law and it brings collection suits in New York courts; New York's commercial finance disclosure law requires an estimated APR on sales-based deals of $2.5 million or less for businesses run from New York.
- State disclosures: California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Texas, Utah and Virginia require commercial-financing disclosures; Virginia also requires registration, and FundKite appeared on Virginia's June 2024 registrant list.
- Reconciliation: Ask for it in writing as soon as sales fall; courts weigh whether it actually works.
- Confession of judgment and stacking: FundKite publishes no policy on either; check your agreement.
Pros and cons
FundKite's strengths are size and speed; its weakness is an unpublished price.
Pros
- Advances up to $2,000,000, four times many MCA peers
- Considers credit from 550, with a soft pull to apply
- Approval in hours and funds within 24 hours of final approval
- Payments tied to sales, with a right to reconcile
- BBB A+ and accredited since 2018
Cons
- No published factor rate, holdback or fee schedule
- Our 1.2-factor example costs about 43% to 75% APR
- FundKite's own pages disagree on minimum revenue and time in business
- A 2022 federal ruling held one FundKite agreement was a usurious loan
- Trustpilot 3.5 from 116 reviews
FundKite vs. Forward Financing vs. National Funding
FundKite funds up to $2,000,000, four times the $500,000 working capital ceiling at Forward Financing and National Funding.
| FundKite | Forward Financing | National Funding | |
|---|---|---|---|
| Max amount | $2,000,000 | $500,000 | Up to $500,000 (working capital) |
| Pricing | Factor not published (third-party example 1.2) | Factor not published (UCS customer-reported 1.3 to 1.5) | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | 550 | 500 | None stated; most customers 600+ |
| Min time in business | 6 months | 1 year | Not stated (NerdWallet: 24 months) |
| Min annual revenue | $10,000 a month | $10,000 a month | Not stated (Bankrate: $250,000) |
| Repayment | % of receivables; up to about 220 days | Daily or weekly, 3 to 18 months | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Not published | No extra charge; discount may be offered | May offer early payoff discounts |
Forward Financing and National Funding figures are from their own sites (third-party where marked), checked 2026-10-26.
Choose FundKite for advances above $500,000, Forward Financing for a 500 credit floor, National Funding for terms up to 24 months.
FundKite alternatives on Lender List
FundKite's closest alternatives here are Forward Financing, National Funding, OnDeck and Lendio.
- Forward Financing — revenue-based financing to $500,000
- National Funding — daily or weekly working capital for up to 24 months
- OnDeck — term loans and lines with a published average APR
- Lendio — one application, offers from many funders
- Browse all merchant cash advance providers on Lender List
Frequently asked questions about FundKite
FundKite is a legitimate New York funder in business since 2015, though its pricing is not published.
Is FundKite Legit? Yes. FundKite has operated since May 2015, per its BBB profile, holds a BBB A+ rating with accreditation since 2018, and appeared on Virginia's June 2024 sales-based financing registrant list. FundKite reviews average 3.5 on Trustpilot from 116 reviews. We found no regulatory action, but a 2022 federal ruling treated one of its contracts as a usurious loan.
Has FundKite Been Sued? We found no lawsuit or regulatory action brought against FundKite. FundKite (AKF, Inc.) has itself sued merchants and guarantors in New York federal court to collect defaulted advances. In one of those cases, Western Foot & Ankle (E.D.N.Y. 2022), the court held the agreement was a usurious loan.
Is FundKite a Direct Lender or a Broker? A direct funder, not a broker. FundKite's FAQ says it funds deals itself, and court filings show AKF, Inc. buying receivables in its own name. Strictly, it is not a lender either: its products are purchases of future receivables rather than loans, so they carry a factor rate instead of interest.
What Happens If My Sales Drop? Collections should fall with them. FundKite takes a percentage of receivables, not a fixed installment, and your contract includes a right to reconciliation, which you can request daily, weekly or monthly through your funding advisor. The total owed does not shrink, so repayment simply takes longer.
How Long Has FundKite Been in Business? Since 2015. BBB lists FundKite's start date as May 20, 2015, and it has been BBB accredited since 2018. United Capital Source reports more than $900 million funded since launch, which makes FundKite one of the more established direct funders in the merchant cash advance market.
Does FundKite Offer MCA Syndication for Investors? Yes, for accredited investors. FundKite's "MCA for Investors" program offers co-investing in its advances with fixed and variable return features. It does not publish a minimum investment, return figures or investor fees, and investors share merchant default risk, so get the offering documents before committing money.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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