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LAST UPDATED: August 12th, 2022

Fundable is a crowdfunding platform dedicated to helping companies raise capital from investors, customers, and friends, and has generated $615 million in funding. The platform takes pride in its hands-on approach, helping business owners through campaign launch and each step of the fundraising process.

Setting up a Fundable fundraiser for your business is quick, easy, and free, and you can choose a rewards or equity campaign, allowing you to tailor your fundraising to your needs, as well as those of your customers or investors.

Continue reading for a full review of the crowdfunding platform, or jump down to Fundable reviews from real customers.

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The Good

  • Campaign Options
  • Campaign Approval Process
  • High Maximum Fundraising Amounts
  • Flexible Deadlines
  • Low Fees
  • Receiving Funds
  • Consultancy Service Work Options
  • Positive Customer Reviews

Campaign Options

Companies using Fundable can choose between two types of fundraising campaigns:

  • Rewards — Raise funds from the public by selling your product or services related to your business. Best for consumer facing companies with funding goals from $1,000 to $50,000.
  • Equity — Raise funds from accredited investors by offering stock shares in your company. Best for product, service and B2B companies with funding goals from $50,000 to $10,000,000.

Fundable's options allow you to choose the best campaign model for your needs and business growth.

Campaign Approval Process

Once you submit a profile on Fundable it will typically take 2 to 3 days to be approved. The Fundable team will review your campaign and ensure that all sections are complete and meet the Terms of Service. As long as all sections have been completed and all conditions are met, your campaign should be approved.

High Maximum Fundraising Amounts

Fundable does not have a specific cap or maximum amount of how much you can raise. The company recommends $50,000 max if a customer is using the Rewards model and anything $50,000 and over if using the Equity model.

Flexible Deadlines

There is no minimum or maximum duration for fundraising with Fundable. With Equity fund types, an investor's commitment will need to be renewed every 90 days. Each campaign is unique so clients have the flexibility to work with the Fundable team for as long as they need to. 

Low Fees

In comparison to other crowdfunding platforms, Fundable has competitively low fees. Fundable charges the following fees:

  • Monthly fundraising fee — The fundable platform is available to use for as little as $179 per month (this cost includes the creation and management of your fundraiser).
  • Merchant processing fees (rewards-based campaign type only) — For rewards-based fundraises, funding is committed through Backer credit cards, which have a merchant processing fee of 3.5% + 30¢ per transaction. The fee will be deducted by WePay, Fundable's merchant processing partner.

It is important to note that it is free to create a company profile on Fundable, and there are no success fees - whatever money you collect is all yours.

Receiving Funds

How funds are received depends on the funding model selected. At the end of the Rewards campaign, all funds are automatically collected and transferred to the customer's business bank account. With an Equity campaign, all commitments are processed offline after the close of fundraise.

Consultancy Service Work Options

Fundable's team takes a very hands-on, step-by-step approach from profile creation to marketing to help companies understand the fundraising process and launch their funding campaigns. Whether creating a profile or revamping a marketing strategy, a member of the Fundable team is there to offer assistance. This approach is delivered based on the fact that the founders of Fundable have personal experience raising money and are familiar with the process.

Therefore, Fundable can offer personal expertise to their clients. Administrative assistance from Fundable comes in the following ways:

  • Funding Accelerator — Designed to equip founders with the right knowledge and the best resources to tackle their raise with newfound confidence, the Funding Accelerator provides clients with a dedicated consultant that works with clients across every step of the process — helping them level set, stay on track, and reach their desired fundraising goals. With built-in, one-on-one strategy sessions, clients are given a deep dive into the most important aspects of the fundraise process; structuring your raise, crafting your pitch, investor selection and investor outreach. At the conclusion of the strategy sessions, a Fundable profile page is created, allowing clients to host their raise while still being serviced by Fundable's consulting team.
  • Platform Page Creation — For clients looking for an expedited service option, Fundable also provides a less hands-on approach for clients that are working with a tight timeframe. Like the Accelerator above, clients work with a dedicated consultant, via one onboarding call, to get their opportunity ready to be launched on the platform.

Positive Customer Reviews

Although Fundable reviews are limited, the majority of reviews are 5-star. Satisfied customers most frequently highlight exceptional customer service and low upfront costs in comparison to the deliverable. In addition, most customers say that they would recommend Fundable to friends or other business owners.


The Bad

  • "All or Nothing" Rewards Campaign Structure
  • Company Must Have a U.S. Presence

"All of Nothing" Rewards Campaign Structure

Fundable only uses an "all or nothing" fundraising approach for the Rewards raise model. This means that you must meet or surpass your fundraising goal or you can't collect any funds. 

For equity campaigns, fundraises comes down to what the goal amount is that a company needs to move their business forward and foster continued growth — these transactions aren't facilitated through Fundable, but are instead made through investors.

Company Must Have a U.S. Presence

Fundable isn't able to offer its crowdfunding services to companies without a U.S. presence. However, it is acceptable if your company is headquartered elsewhere as long as your are registered in the U.S. This means that you must have a U.S. bank account, address, and social security number or business tax ID number.


The Bottom Line

Fundable is a great option for individuals looking to raise capital for their startup business. It is free to get started by creating a profile on Fundable, and a $179 monthly fee will then be charged throughout the fundraising campaign - this monthly fee is significantly low compared to other crowdfunding platforms.

Fundable offers two campaign types: rewards and equity. This choice allows you to choose the campaign model that will best fit your needs for business growth.

It is important to note that whatever money you collect throughout your campaign is all yours, but for rewards-based campaigns you must meet or exceed your fundraising goal or else you won't be able to access any funds.

Fundable reviews are primarily positive with customers frequently highlighting excellent customer services and low fees.

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61 Reviews

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slev kalevra ,

WASTE of time and money. The cost was over $3000 + $99/mo service fee for a basic powerpoint slide show and "access" to their investor network. You have to do all of the work to manage your page and reach out to investors yourself. (Which would be fine if your not paying someone for that type of support in the first place) Word to the wise, especially new business owners trying to raise capital: SAVE YOUR MONEY, download a pitch deck template from Google, learn the basics of powerpoint to create your deck and sign up for a LinkedIn account to reach out to investors for FREE. You'll thank yourself later. After almost a year, we had ZERO responses from the Fundable "network" and communications from their team became almost non-existent. However, after we completely re-edited their pitch deck to be way more streamlined and attractive (in less than 8 hours of work), we received almost 30 responses in the first 2 months through Linkedin as well as multiple people that have been willing to guide us in the right direction....and we PAID NOTHING for that. Let that sink in.... These companies are clearly able to raise capital for some, but in our experience as new entrepreneurs, they completely failed. they got their money and we literally gained nothing. We wish we had've been more informed about the quality of work they provide and what we were getting into before we signed that "agreement." With that said, do your own research and ask TONS of questions before signing anything! It's real easy for companies like these to take advantage of new business owners with lofty promises, when they aren't fully educated on what they can accomplish on their own...again, for free. Cheers and good luck with all of your ventures! -A fellow entrepreneur

2 years ago

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Joe Daly City, CA

This platform overpromises and underdelivers. Literally would not trust the metrics and success stories they throw at you. The profile views are probably fake and their investor base is non-existent ....literally no requests after several months at all having been features and sent out on their newsletter. We have a solid platform and interest from investors and accelrators from our own efforts outside of the platform. The investor list is just scrapped from Crunchbase and likely will get no responses from the so-called emails of investors they sent over. Waste of money and this, unfortunately, seems to be a scam or just company that is able to get enough people to pay and sustain their presence.

4 years ago

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Pedro Avila Stockton, CA

>>> DO NOT GIVE THEM A PENNY! <<< Back in 2015 I was contacted by Fundable, I will say they sang a good song. At the time I was a beginner entrepreneur with hopes and dreams that my idea would hit it big. Not saying it didn't become a staple of my community though that was not by any help of Fundable. As I was saying after being contacted by a rep I was offered a dream package that would put my idea in front of investors and that for a low $2,500 cost they would post my profile on the main pages that investors frequent. Mind you in those early months my company did not have a lot of resources and I could not spare that money as I stated to there rep. It was then that they reduced the price for a special deal for my company. I stupidly took the offer of $1,500 and paid them. During the period of setting up my profile they had a lack luster graphic artist and content writer create my profile. All the information I provided to them which is understandable. After my profile went live I had to continuously ask for the list of the investors and media contacts which was included in the package, I figured at least being able to email decks to investors would work. It was a load of bull. The list which was provided, "after weeks and multiple calls" was crap. I emailed every single investor on this list and not a single reply. It had to of been data mined incorrectly or something, multiple emails weren't even working. I called and asked for a refund which they declined. They took advantage of a startup and it hurt my company for months as those funds could of better of been used else where. I plead that you read other peoples review on this site and stay away from these snake oil dealers!

5 years ago

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Graeme Corona, CA

I was very excited at first to team up with Fundable in order to create connections with potential investors. What I experienced quickly turned my excitement into anger and frustration. i was one of the 'naive' entrepreneurs to believe in the hype and pay the $2k for a list of "over 400 investors in my particular space". Not only were 25% of the contact emails dead, but a vast majority were no where near my company space and interest. On top of that, they promised to feature my company....which they did... and I got hit with not 1 but 3 fraudulent overseas scammers. I understand the loose vetting process but this was ridiculous. Finally, the visual design department is a complete joke. My innovative online music tech company come across feeling more like my 3rd grade music teachers classroom. Completely missed the mark and I had to scramble to find a designer who had to redo the whole thing. When I pointed out my dissatisfaction to the company, I received an email reply of "I'm sad to hear that, best of luck". There was no inquiry into "why" I was so dissatisfied which leads me to believe that they really don't care about their clients or the hardworking entrepreneurs they take advantage of. I'm having much better success looking for good investor matches on my own, free of charge, using sites like Gust and AngelList. Please take my advice and save your money!!! I'm sure you can find much better with your capital. Good Luck!

7 years ago

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Tim Campbell Charlotte, NC

Do not use this service. Unless you need someone to create your profile pages, you would be much better off using a free service like Gust and AngelList. Don't let them fool you when the say they will "give you access to 23,000 investors. It's not true. They give you a list of investors from AngelList and Linked In. You can search for that information for $0 if you want. Also, if you think your profile is being reveiwed by accreddited and vetted investors you would be wrong about that too. 3/4 of the inquireies we received were scammers from other countries. Seriously save your money and go a different route.

7 years ago

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Praneet Raj Pittsburg, CA

Really disappointed by Fundable. They promised me that they will provide specific list of investors in my domain, they provided me a crappy half filled excel sheet with no formatting. There was not even a single investor from my domain. In fact I had a student in the list marked as an investor as well. I will not recommend using Fundable at all. I completely agree with other reviewers as they feedback is consistent.

7 years ago

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Bruce Martin Downers Grove, IL

Not only did Fundable deliver absolutely ZERO results for our start up, but despite a clear discussion with their representative about NO recurring billing when we signed up, they put us on recurring billing, and refused to refund the charge when we contacted customer service. We would never recommend Fundable - based on delivery, service and on their refusal to refund a recurring bill.

7 years ago

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dt Littleton, CO

Scammers. Don't let you access your billing info and basically keep your card on file and keep charging you. They dont send you an email when they debit your card either and keep charging your card stealthily until payments go through

5 years ago

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Danielle Middlesex, NJ

I believe this company is a complete scam. They made lots of promised to get investors to get my business but didn't do a think once I paid. Then when I tried to cancel, they wouldn't and had all sorts of excuses. Stay away!

6 years ago

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Oleg K Mountain View, CA

Really scammers. Representative calls and loose any interest after understand that you don't want to spend $2.500 for crazy concierge service. Too lazy to explain details, just avoid this company.

5 years ago

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salif Winston-Salem, NC

stay away from this company if i can even call it a company scam scam scam i paid them $2300 for nothing, they gave me bunch of useless email i wonder how they sleep at night

6 years ago

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Somesh Piscataway, NJ

Not only did they never do a think to help us get funding, but they kept charging us after we asked them to stop

6 years ago