Fundomate
Merchant cash advance, $10,000 to $500,000, repaid daily as 10% of sales or fixed; rates not published (~56% APR example). 600+ credit, funds in 24 hours.
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: Businesses at least 12 months old with $10,000+ in monthly revenue and a 600+ credit score that need $10,000 to $500,000 within a day and want payments tied to daily sales.
Not for: Anyone who wants a published price, a long term, or financing without a personal guarantee. Fundomate does not post its rates, and a merchant cash advance repaid in under a year can run well above 50% APR.
Lender List verdict: Fundomate is a fast merchant cash advance funder that funds deals itself but may also match you with outside funders; its 10%-of-sales daily option bends in a slow month. You only see the price after applying, so compare the total payback with another offer before signing.
Fundomate at a glance
Fundomate advances $10,000 to $500,000 to small businesses, repaid daily, weekly or every two weeks over up to 18 months.
| Fundomate | |
|---|---|
| Lender type | Direct MCA funder and embedded-finance provider; also matches some businesses with outside funders |
| Founded | 2015 |
| HQ | El Segundo, CA |
| Parent/owner | Fundomate Technologies, Inc. (privately held) |
| Products | Merchant cash advance; revenue-based loans, term loans and lines of credit also offered (per its partner page), possibly via outside funders |
| Amounts | $10,000 to $500,000 |
| Cost (headline) | Factor rate not published; about 56% APR in our 1.25-factor example |
| Term | Up to 18 months |
| Funding speed | Typically within 24 hours |
| Status | Active (2026-10-26); listed on Virginia's 2024 sales-based financing register |
What is Fundomate?
Fundomate is a California fintech, founded in 2015 by Sam Schapiro (CEO as of 2019), that buys a share of small businesses' future sales for $10,000 to $500,000 and sells the same funding engine to platforms under their own brand. Its legal entity, Fundomate Technologies, Inc., is listed in El Segundo on Virginia's 2024 register of sales-based financing providers; older profiles show a Los Angeles address.
United Capital Source reports a $50 million credit facility raised in 2021. Fundomate's terms also let it match some merchants with outside funders, so ask who is funding your deal.
How Fundomate funding works
Fundomate collects repayment by ACH from your business checking account, either as a share of each day's sales or as a fixed amount.
- Daily, sales-based: 10% of sales, subject to a minimum Fundomate sets but does not publish.
- Daily, weekly or every 2 weeks, fixed: the same payment regardless of sales.
- Term: up to 18 months, depending on what you qualify for.
- Speed: money typically lands within 24 hours of approval.
- Lien: a UCC-1 filing bars you from selling future receivables or pledging receivables elsewhere, and the agreement also bars taking on other debt until the advance is repaid (Terms §10.5).
Who gets an offer
Fundomate offers go to businesses open 12+ months, averaging $10,000 a month in gross revenue over the last three months, with personal credit above 600.
Apply directly or through a processor or platform that embeds Fundomate as a hosted page, link or API; Recruiter.com launched a white-label version in 2021, and a GoDaddy commerce executive is quoted as a partner. Offers are driven by bank transactions and cash flow, with credit secondary.
Fundomate rates and fees: what it really costs
Fundomate builds its fee into the gap between what you receive and what you repay and publishes no factor-rate range; a 1.25 factor repaid in about 10 months is roughly 56% APR.
- Charged: the difference between the cash you receive and the fixed amount you repay, plus any service fees written into your agreement
- Not charged: Fundomate does not require collateral
- Not published: factor rates, fee amounts, prepayment terms
Worked example: take $25,000 at a 1.25 factor (our assumption, inside the 1.13 to 1.50 range a comparable funder, Fora Financial, publishes). You owe $31,250, a $6,250 cost. At 10% of $1,500 in daily sales, you pay $150 each business day and finish in about 208 business days (about 9.9 months), roughly 56% APR. Choose a fixed daily payment over six months instead and it is about $248 a day, closer to 92% APR. If sales halve to $750 for a month, the sales-based payment drops to $75 (if that clears Fundomate's floor) and payoff slips about 10 to 11 business days, with no added cost.
Fundomate requirements
Fundomate requires 12 months in business, $10,000 in average monthly revenue and a personal credit score above 600.
| Requirement | Fundomate minimum |
|---|---|
| Personal credit score | Above 600 |
| Time in business | 12 months (UCS summary table also says 3 months) |
| Annual revenue | $10,000/month average over the last 3 months (about $120,000/yr) |
| Bank account / integrations | U.S. business checking for daily ACH |
| Credit check | Applying does not affect your score; final approval may involve a hard pull (UCS) |
| Collateral / guarantee | No collateral required; personal guarantee and UCC-1 lien on future receivables |
Merchant cash advance rules that protect you
Fundomate is listed on Virginia's 2024 register of sales-based financing providers, and its terms let either side request a reconciliation of amounts collected. Its online terms contain no confession-of-judgment clause, but they bar new debt or receivables sales until the advance is repaid (Terms §10.5). Disputes go to individual arbitration unless you opt out by mail within 45 days.
Pros and cons
Fundomate's strengths are speed and repayment choice; its main weakness is a price you cannot see before applying.
Pros
- Funding typically within 24 hours, up to $500,000
- Pick daily sales-based, fixed daily, weekly or every-two-weeks payments
- No collateral required; eligibility check does not affect your score
- Trustpilot 4.8/5 from 519 reviews; NerdWallet rates it 4.4/5
Cons
- No published factor rates, fees or prepayment terms
- Personal guarantee and a UCC-1 lien that blocks other receivables financing
- 12-month and 600-credit minimums exclude newer businesses
- Only 4 Trustpilot reviews in the past year
- United Capital Source reports Fundomate was found liable in a fraudulent-inducement case; we could not locate court records
Fundomate vs. Parafin vs. National Funding
Fundomate tops out at $500,000, matching National Funding; Parafin's maximum depends on the platform.
| Fundomate | Parafin | National Funding | |
|---|---|---|---|
| Max amount | $500,000 | Set by platform (Amazon: up to $10 million) | $500K working capital |
| Pricing | Factor rate not published | One fixed fee, not published | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | Above 600 | No credit checks | None stated; most customers 600+ |
| Min time in business | 12 months | Set by platform (Amazon: 3 months) | Not stated for working capital |
| Min annual revenue | $10,000/month | Not published | Not stated |
| Repayment | 10% of daily sales or fixed daily, weekly, every 2 weeks | % of sales daily, weekly or every 2 weeks | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Not published | MCA fee owed in full | May offer early payoff discounts |
Parafin and National Funding figures are from their own sites or cited third-party reviews, checked 2026-10-26.
Choose Fundomate for sales-based daily payments without a platform tie-in. Choose Parafin if your marketplace already offers it. Choose National Funding if you also want equipment financing.
Fundomate alternatives on Lender List
The closest Fundomate alternatives are Parafin and National Funding, plus processor-linked Square Loans and Stripe Capital.
- Parafin — embedded advances with no credit check through partner platforms
- National Funding — direct working capital up to $500K
- Square Loans — sales-share repayment for Square sellers
- Stripe Capital — the same model for Stripe merchants
- Browse all merchant cash advance and platform-embedded capital providers on Lender List
Frequently asked questions about Fundomate
Fundomate is an active merchant cash advance funder, listed on Virginia's 2024 sales-based financing register, offering $10,000 to $500,000 with repayment over up to 18 months.
Is Fundomate Legit? Yes. Fundomate has operated since 2015, is listed on Virginia's 2024 sales-based financing register, and scores 4.8/5 on Trustpilot from 519 reviews. United Capital Source reports Fundomate was found liable in a fraudulent-inducement case; we could not locate court records, so read your contract closely.
Is Fundomate a Direct Lender or a Broker? Both. Fundomate's terms describe buying your future receivables itself and filing the UCC-1 in its own name, but they also let it match businesses with outside funders. Confirm which company is named as funder on your agreement before you sign anything.
Is Fundomate a Loan or a Merchant Cash Advance? A merchant cash advance: Fundomate buys a share of your future sales for a fixed payback amount instead of charging interest. Its partner page also mentions revenue-based loans, term loans and lines of credit, so check the product named on your offer.
What Happens If My Sales Drop? On the daily 10%-of-sales option, payments fall with sales until they hit Fundomate's minimum, and the payback amount stays fixed. On fixed daily, weekly or biweekly plans, the payment does not change, but you can request a reconciliation in writing at reconciliation@fundomate.com.
What Are Fundomate's Trustpilot Reviews Like? Fundomate scores 4.8 out of 5 on Trustpilot from 519 reviews, on a profile it has claimed since 2018. Reviewers mostly praise fast funding and their account reps, but only 4 reviews were posted in the past 12 months, so the score mostly reflects older deals.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Businesses at least 12 months old with $10,000+ in monthly revenue and a 600+ credit score that need $10,000 to $500,000 within a day and want payments tied to daily sales.
Not for: Anyone who wants a published price, a long term, or financing without a personal guarantee. Fundomate does not post its rates, and a merchant cash advance repaid in under a year can run well above 50% APR.
Lender List verdict: Fundomate is a fast merchant cash advance funder that funds deals itself but may also match you with outside funders; its 10%-of-sales daily option bends in a slow month. You only see the price after applying, so compare the total payback with another offer before signing.
Fundomate at a glance
Fundomate advances $10,000 to $500,000 to small businesses, repaid daily, weekly or every two weeks over up to 18 months.
| Fundomate | |
|---|---|
| Lender type | Direct MCA funder and embedded-finance provider; also matches some businesses with outside funders |
| Founded | 2015 |
| HQ | El Segundo, CA |
| Parent/owner | Fundomate Technologies, Inc. (privately held) |
| Products | Merchant cash advance; revenue-based loans, term loans and lines of credit also offered (per its partner page), possibly via outside funders |
| Amounts | $10,000 to $500,000 |
| Cost (headline) | Factor rate not published; about 56% APR in our 1.25-factor example |
| Term | Up to 18 months |
| Funding speed | Typically within 24 hours |
| Status | Active (2026-10-26); listed on Virginia's 2024 sales-based financing register |
What is Fundomate?
Fundomate is a California fintech, founded in 2015 by Sam Schapiro (CEO as of 2019), that buys a share of small businesses' future sales for $10,000 to $500,000 and sells the same funding engine to platforms under their own brand. Its legal entity, Fundomate Technologies, Inc., is listed in El Segundo on Virginia's 2024 register of sales-based financing providers; older profiles show a Los Angeles address.
United Capital Source reports a $50 million credit facility raised in 2021. Fundomate's terms also let it match some merchants with outside funders, so ask who is funding your deal.
How Fundomate funding works
Fundomate collects repayment by ACH from your business checking account, either as a share of each day's sales or as a fixed amount.
- Daily, sales-based: 10% of sales, subject to a minimum Fundomate sets but does not publish.
- Daily, weekly or every 2 weeks, fixed: the same payment regardless of sales.
- Term: up to 18 months, depending on what you qualify for.
- Speed: money typically lands within 24 hours of approval.
- Lien: a UCC-1 filing bars you from selling future receivables or pledging receivables elsewhere, and the agreement also bars taking on other debt until the advance is repaid (Terms §10.5).
Who gets an offer
Fundomate offers go to businesses open 12+ months, averaging $10,000 a month in gross revenue over the last three months, with personal credit above 600.
Apply directly or through a processor or platform that embeds Fundomate as a hosted page, link or API; Recruiter.com launched a white-label version in 2021, and a GoDaddy commerce executive is quoted as a partner. Offers are driven by bank transactions and cash flow, with credit secondary.
Fundomate rates and fees: what it really costs
Fundomate builds its fee into the gap between what you receive and what you repay and publishes no factor-rate range; a 1.25 factor repaid in about 10 months is roughly 56% APR.
- Charged: the difference between the cash you receive and the fixed amount you repay, plus any service fees written into your agreement
- Not charged: Fundomate does not require collateral
- Not published: factor rates, fee amounts, prepayment terms
Worked example: take $25,000 at a 1.25 factor (our assumption, inside the 1.13 to 1.50 range a comparable funder, Fora Financial, publishes). You owe $31,250, a $6,250 cost. At 10% of $1,500 in daily sales, you pay $150 each business day and finish in about 208 business days (about 9.9 months), roughly 56% APR. Choose a fixed daily payment over six months instead and it is about $248 a day, closer to 92% APR. If sales halve to $750 for a month, the sales-based payment drops to $75 (if that clears Fundomate's floor) and payoff slips about 10 to 11 business days, with no added cost.
Fundomate requirements
Fundomate requires 12 months in business, $10,000 in average monthly revenue and a personal credit score above 600.
| Requirement | Fundomate minimum |
|---|---|
| Personal credit score | Above 600 |
| Time in business | 12 months (UCS summary table also says 3 months) |
| Annual revenue | $10,000/month average over the last 3 months (about $120,000/yr) |
| Bank account / integrations | U.S. business checking for daily ACH |
| Credit check | Applying does not affect your score; final approval may involve a hard pull (UCS) |
| Collateral / guarantee | No collateral required; personal guarantee and UCC-1 lien on future receivables |
Merchant cash advance rules that protect you
Fundomate is listed on Virginia's 2024 register of sales-based financing providers, and its terms let either side request a reconciliation of amounts collected. Its online terms contain no confession-of-judgment clause, but they bar new debt or receivables sales until the advance is repaid (Terms §10.5). Disputes go to individual arbitration unless you opt out by mail within 45 days.
Pros and cons
Fundomate's strengths are speed and repayment choice; its main weakness is a price you cannot see before applying.
Pros
- Funding typically within 24 hours, up to $500,000
- Pick daily sales-based, fixed daily, weekly or every-two-weeks payments
- No collateral required; eligibility check does not affect your score
- Trustpilot 4.8/5 from 519 reviews; NerdWallet rates it 4.4/5
Cons
- No published factor rates, fees or prepayment terms
- Personal guarantee and a UCC-1 lien that blocks other receivables financing
- 12-month and 600-credit minimums exclude newer businesses
- Only 4 Trustpilot reviews in the past year
- United Capital Source reports Fundomate was found liable in a fraudulent-inducement case; we could not locate court records
Fundomate vs. Parafin vs. National Funding
Fundomate tops out at $500,000, matching National Funding; Parafin's maximum depends on the platform.
| Fundomate | Parafin | National Funding | |
|---|---|---|---|
| Max amount | $500,000 | Set by platform (Amazon: up to $10 million) | $500K working capital |
| Pricing | Factor rate not published | One fixed fee, not published | Not disclosed (Bankrate: factor from 1.1) |
| Min FICO | Above 600 | No credit checks | None stated; most customers 600+ |
| Min time in business | 12 months | Set by platform (Amazon: 3 months) | Not stated for working capital |
| Min annual revenue | $10,000/month | Not published | Not stated |
| Repayment | 10% of daily sales or fixed daily, weekly, every 2 weeks | % of sales daily, weekly or every 2 weeks | Daily or weekly ACH, 4 to 24 months |
| Early payoff | Not published | MCA fee owed in full | May offer early payoff discounts |
Parafin and National Funding figures are from their own sites or cited third-party reviews, checked 2026-10-26.
Choose Fundomate for sales-based daily payments without a platform tie-in. Choose Parafin if your marketplace already offers it. Choose National Funding if you also want equipment financing.
Fundomate alternatives on Lender List
The closest Fundomate alternatives are Parafin and National Funding, plus processor-linked Square Loans and Stripe Capital.
- Parafin — embedded advances with no credit check through partner platforms
- National Funding — direct working capital up to $500K
- Square Loans — sales-share repayment for Square sellers
- Stripe Capital — the same model for Stripe merchants
- Browse all merchant cash advance and platform-embedded capital providers on Lender List
Frequently asked questions about Fundomate
Fundomate is an active merchant cash advance funder, listed on Virginia's 2024 sales-based financing register, offering $10,000 to $500,000 with repayment over up to 18 months.
Is Fundomate Legit? Yes. Fundomate has operated since 2015, is listed on Virginia's 2024 sales-based financing register, and scores 4.8/5 on Trustpilot from 519 reviews. United Capital Source reports Fundomate was found liable in a fraudulent-inducement case; we could not locate court records, so read your contract closely.
Is Fundomate a Direct Lender or a Broker? Both. Fundomate's terms describe buying your future receivables itself and filing the UCC-1 in its own name, but they also let it match businesses with outside funders. Confirm which company is named as funder on your agreement before you sign anything.
Is Fundomate a Loan or a Merchant Cash Advance? A merchant cash advance: Fundomate buys a share of your future sales for a fixed payback amount instead of charging interest. Its partner page also mentions revenue-based loans, term loans and lines of credit, so check the product named on your offer.
What Happens If My Sales Drop? On the daily 10%-of-sales option, payments fall with sales until they hit Fundomate's minimum, and the payback amount stays fixed. On fixed daily, weekly or biweekly plans, the payment does not change, but you can request a reconciliation in writing at reconciliation@fundomate.com.
What Are Fundomate's Trustpilot Reviews Like? Fundomate scores 4.8 out of 5 on Trustpilot from 519 reviews, on a profile it has claimed since 2018. Reviewers mostly praise fast funding and their account reps, but only 4 reviews were posted in the past 12 months, so the score mostly reflects older deals.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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