Updated March 14th, 2023 by Kaylyn Perry

What could cause my Co-Op to become flagged?

Late submission of reporting Lower than expected sales, lower than expected payments (based on the timeline you created when you designed the consignment),  Later than expected completion...

0 min reading time
Updated May 15th, 2024 by Kaylyn Perry

Purchase Methods

Buyers have two payment options when contributing to  consignment opportunities (Co-Ops) on Kickfurther’s marketplace. The first payment option is called  Kickfurther Funds .  Funds are ACH transferred to and from your KF account via a linked bank account, and these ACH transfers can take up to 5 business days to process and settle.  Funds must be s...

0 min reading time
Updated June 28th, 2022 by Kaylyn Perry

What are the different Co-Op Statuses?

While on our platform, you’ll see our Co-Ops listed as one of the following: live, early access, and funded.  What is a live Co-Op?  A live Co-Op is open for buyers to contribute funds to. Co-Ops go live at 5 pm EST/ 2 pm PST. Notification of launches are sent out via email. You can set your email preferences within your Kickfurther account settings...

0 min reading time
Updated May 31st, 2024 by Kaylyn Perry

Co-Op Overview Page

General Overview    Each Consignment Opportunity (“Co-Op”) available for Buyer contributions can be found on our  marketplace page under the “overview” tab.     Each Co-Op card found in the marketplace gives a snapshot of the details.  The card shows the estimated consignment profit and the estimated timeline.  Each card also shows the badges associ...

2 min reading time
Updated February 25th, 2022 by Kaylyn Perry

Is there a discount if I pay back early?

There is no discount for completing your payment obligation ahead of your completion date. If it is your first Co-Op on Kickfurther, by completing your payment obligation early, you have the ability to launch another Co-Op immediately. While there is no immediate discount to early repayment, completing your Co-Op early can often help move the market...

0 min reading time
Updated December 13th, 2022 by Kaylyn Perry

What is a Co-Op?

A "Co-Op" is short for consignment opportunity, which is what we call the arrangement to fund inventory for a vetted brand....

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What else can cancel my co-op?

A co-op is subject to an Affirmative Vote upon meeting certain criteria.  The Affirmative Vote acts in the same manner as the No Confidence vote that is triggered once a co-op becomes flagged. A co-op is eligible for an Affirmative Vote if they meet the following triggers: In flagged status for more than 90 days Has gone more than 30 days since its ...

0 min reading time
Updated March 30th, 2022 by Kaylyn Perry

What does the Awaiting Payment status mean?

The “awaiting payment” status on Kickfurther means that a business has submitted a pending payment to their buyers.  Kickfurther will distribute the pending payment to the contributors as soon as the payment clears in our bank account....

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

Post Funding Co-op Guide For Businesses

Can I change the timeline of my co-op if my inventory or receivables is late? Once a co-op funds, the timeline that was set during co-op design cannot be changed.  These are the expectations set forth to your backers when your co-op went live.  If anything arises that throws off your timeline it is best to update your backers immediately so as to ma...

2 min reading time
Updated December 10th, 2021 by Kaylyn Perry

How to Link your Bank Account to Dwolla

Before you’re able to send or receive funds on Kickfurther’s platform, you need to link your bank account to Dwolla.  Why do we use Dwolla?  It allows individuals to have business and buyer accounts with linked bank accounts without any issues Significantly higher transaction allowances  Is a Plaid based connection system How to link your bank accou...

1 min reading time
Updated December 10th, 2021 by Kaylyn Perry

How to Post and Update your Co-Op

How to Communicate with your Buyers Co-Op Updates:  Co-Op updates are mandatory every 30 days. Log into your Kickfurther account and click  “Post an Update”  to update every contributor of your Co-Op: Direct Replies : Hit the reply link to respond to a specific user within your Co-Op. Only the specific user will be notified of your comment via email...

0 min reading time
Updated October 7th, 2021 by Kaylyn Perry

Tech-Based Fulfillment: The Key to Growing a Successful E-Commerce Business

Successfully running an online business requires the right technology to make everything from your website to your order fulfillment process run smoothly. Before the rise of sophisticated technologies, working with a third-party logistics (3PL) provider consisted of manually sending orders before a cut-off time each day. Retailers today rely on tech...

2 min reading time
Updated December 13th, 2022 by Kaylyn Perry

What is a Kickfurther Buyer?

A Kickfurther Buyer purchases inventory for a business, playing a part in online consignment.  In online consignment, you own the products you helped fund until they are sold by the brand through their existing sales channels, yourself, or other Kickfurther buyers. As soon as the products you helped fund sell, you earn payments....

0 min reading time
Updated August 8th, 2023 by Kaylyn Perry

Kickfurther Buyer Updates

Here at Kickfurther, we're constantly striving to enhance our buyer experience and bring you new features and tools. Please reference this running list of website updates to stay on top of recent changes and improvements to our buyer experience on Kickfurther. Please feel free to reach out to us directly with any feedback or questions you may want t...

0 min reading time
Updated February 25th, 2022 by Kaylyn Perry

Can my remaining supplier funds be used as a payback on my Co-Op?

Any available supplier funds that were not used towards purchasing inventory can be used towards fulfillment of your Co-Op obligation, as long as those funds are used as a final payment, including any fees incurred during the life of the Co-Op. Any questions, email contact@kickfurther.com....

0 min reading time
Updated March 30th, 2022 by Kaylyn Perry

What does the Inventory Available status mean?

Kickfurther checks with each business’s manufacturer before their Co-Op is launched to get an estimated shipping date for the consigned inventory. We want to be sure that each Co-Op’s schedule is accurate.   Co-Ops in the “inventory available” status have provided a tracking number or bill of lading to Kickfurther as proof that their consigned inven...

0 min reading time
Updated March 30th, 2022 by Kaylyn Perry

What does Goods Selling mean?

In a Kickfurther Co-Op’s timeline, the “goods selling” status occurs when the selling period of the consigned inventory begins. On Kickfurther, payment isn’t due until a business sells their consigned inventory.  We check with the business before they launch their Kickfurther Co-Op to make sure that the date listed for goods selling is realistic and...

0 min reading time
Updated February 25th, 2022 by Kaylyn Perry

What are my expectations now that my Co-Op is in “Goods Selling” status?

Once your Co-Op is in “goods selling” status you are required to report sales on funded products by the specified date noted on your Co-Op timeline. Based on your reported sales, an invoice is issued and you are contractually obligated to pay for these invoiced sales by the invoice due date.   Businesses are also contractually obligated to update bu...

0 min reading time
Updated June 28th, 2022 by Kaylyn Perry

How do I know if a Co-Op is open?

New Co-Ops always launch/go live at 5PM EST. Early Access  Co-Ops can be posted any time of day, but are almost always added more than 24hrs before launch. Emails are sent when Co-Ops enter early access status and also 15 minutes before live launch. You can change your email preferences within your Kickfurther account settings dashboard. If you are ...

0 min reading time
Updated June 28th, 2024 by Kaylyn Perry

Kickfurther Buyer Guidelines

Kickfurther's Buyer forum is intended to foster entrepreneurship, professional language, encouragement and kindness.   What our Buyers post on the Co-Op comment boards must comply with Kickfurther's terms of use, and Buyers may be personally liable for what they post on Kickfurther and elsewhere.  It is in everyone’s best interest to address fellow ...

1 min reading time
Updated March 14th, 2023 by Kaylyn Perry

How do I make a payment at any time?

Payments can be made on the platform at any time by going to your invoices tab, “due now” and using the “make payment” feature....

0 min reading time
Updated June 1st, 2022 by Kaylyn Perry

What is On Schedule versus In Compliance?

For your Co-Op to be considered O n Schedule, the payments you have submitted after each sales reporting period must meet the original sales projections set in your Co-Op. If your payments are less than your original projections, your Co-Op would be considered off schedule. If sales are less than outlined in your Co-Op timeline but you submit paymen...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

Are there other fees during the life of my co-op I should be aware of?

There is a $500 fee applied for each occurrence of the following: Late sales reporting Late invoice payments Failure to provide a monthly update to your backers (or twice monthly if in flagged status) All late fees are assessed upon completion of the co-op....

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

How often do the buyers expect that I will provide an update or answer their questions?

You are contractually obligated to provide at least one monthly update if your Co-Op is not flagged and at least biweekly updates if your Co-Op is flagged. Buyers expect you to respond to their questions in a timely manner and provide regular updates. The more communication the better....

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

How do I adjust my upcoming payment?

You can adjust your upcoming payment by going to the “upcoming payment” tab and selecting a custom payment as shown below:...

0 min reading time
Updated October 13th, 2021 by Kaylyn Perry

How to Report Your Sales to Kickfurther

Once your Co-Op has been funded on Kickfurther, you’ll need to report your sales based on the timeline of your deal.  Sales reporting is due to Kickfurther every two weeks during your sales timeline. How to Report Your Sales Login to your dashboard and go to  “manage Co-Ops”  and click  “Sales Reports” .  Based on what you’ve sold during the two-wee...

0 min reading time
Updated January 23rd, 2023 by Kaylyn Perry

New Business Dashboard Guide

Welcome to your new Kickfurther Business Dashboard guide! We have compiled the feedback from our Kickfurther business customers to create a more efficient and easy to use dashboard. View your new business dashboard  here .  New Dashboard Homepage Upon logging in, you will notice a streamlined dashboard homepage with a summary of your Kickfurther Co-...

0 min reading time
Updated April 18th, 2022 by Kaylyn Perry

What does Kickfurther consider revenue?

Kickfurther works with brands once they’ve reached at least $150,000 or more in trailing 12 months revenue. You do not need to be in business for 12 months, or have revenue in 12 consecutive months, but we review a snapshot of revenue across a period up to 12 months.  As we process your application, we review your account statements to calculate you...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What are the two payment statuses on the invoices page and what do they mean?

Each co-op is on a linear timeline based on projected expected sales you set up during co-op design with your Account Executive. If sales fall below expectations, payments should come in at the expected payments put forth to your backers so the co-op stays  on   schedule  (or, meeting expectations) for an on time completion.   In order to keep your ...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What happens if my Co-Op becomes flagged?

If your Co-Op becomes flagged, the users that contributed can choose to vote to terminate the consignment via a No Confidence vote. When in flagged status, it also increases the businesses burden to provide updates to the community from monthly, to every 2 weeks. A co-op in flagged status makes a business ineligible to launch any new co-ops until th...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What happens if my Co-Op is canceled?

Kickfurther will send you a Termination notice. After this notice is sent within fifteen days you are obligated to do one of the following: Provide payment in full Return of the appropriate amount of funded inventory Provide a mixture of payment and return of funded inventory....

0 min reading time
Updated February 2nd, 2024 by Kaylyn Perry

How can I change my email address on Kickfurther?

You are unable to change your primary email address on your own on Kickfurther. In order to change your email associated with your Kickfurther account, please email  contact@kickfurther.com  from your current account email address. If you do not have access to the email associated with your account, we will send a pin to the mailing address associat...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

My sales are lower than expected and/or I am not keeping up with my expected timeline.

You only owe Kickfurther for the actual sales that you make, but your Co-Op may become flagged and subject to cancellation if your actual sales are less than your expected sales for any sales period. ...

0 min reading time
Updated January 30th, 2023 by Kaylyn Perry

How to Link your Bank Account to Dwolla

We've transitioned to Dwolla Pay as our new ACH banking provider effective. You will need to relink your bank account in order to continue to use our ACH services. This only needs to be completed once. Please note: linking your bank account to Dwolla can take up to five business days, so you will not be able to deposit or withdrawal until your trans...

1 min reading time
Updated February 2nd, 2024 by Kaylyn Perry

My Co-Ops Reporting Page for Buyers

My Co-Ops Tab We've recently introduced a new "My Co-Ops" reporting page for Buyers on Kickfurther!  Click on the highlighted icon on the left bar menu to view our new My Co-Ops feature. Next, scroll down to see a table summarizing the consignment data of your Co-Op participation to date.  Please note that the Actual Payouts, Actual Duration and Bre...

3 min reading time
Updated May 15th, 2024 by Kaylyn Perry

Package Price

Each time you contribute to a Kickfurther  Consignment Opportunity (Co-Op), you are purchasing an assortment of items on consignment from a brand.  Contributors (aka Buyers) are paid back as the brand sells each item.  Kickfurther uses an algorithm to guarantee that each buyer is purchasing the same grouping of items at the same price regardless of ...

0 min reading time
Updated April 18th, 2022 by Kaylyn Perry

What does In Compliance mean?

For your Co-Op to be ‘In Compliance,’ you must submit your sales reporting according to your agreed upon timeline and then payment for all invoiced sales must be submitted....

0 min reading time
Updated July 27th, 2022 by Kaylyn Perry

Introducing Kickfurther's New Invoicing System and Invoice Page

We’re thrilled to launch the new Kickfurther invoicing system and invoice page! You’ll have access to an up-to-date dashboard of your invoices and payments due, enabling you to better track the progress and status of your Co-Op. With our invoice page, you can manage, submit and view your invoices, setup automatic billing, as well as review your Co-O...

1 min reading time
Updated February 2nd, 2024 by Kaylyn Perry

Why can't I post comments on a Co-Op I participated in?

If you are unsure why you can no longer post comments on Co-Ops you’ve participated in, please email  contact@kickfurther.com ....

0 min reading time
Updated May 26th, 2022 by Kaylyn Perry

What is Canceled by Kickfurther?

The “Canceled by Kickfurther”  status on Kickfurther is a possible lifetime status of a Co-Op. Kickfurther has the option to “cancel” a Co-Op at any time. Usually, it's because a business doesn’t believe its Co-Op will fund and wants to relaunch it with new details. Possible Outcomes Sometimes the business relists their Co-Op with a shorter timeline...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What happens if I do not complete on my contracted completion date?

Late completion fees apply to any co-op that does not complete by their contracted completion date.  Late completion fees will begin to accrue the day AFTER the contracted completion date.  Late completion fees are outlined in section 1.4.2 of your contract.  It is important to update your backers if you know you will not complete on time to maintai...

0 min reading time
Updated March 14th, 2023 by Kaylyn Perry

Can I change the timeline of my co-op if my inventory or receivables is late?

Once a co-op funds, the timeline that was set during co-op design cannot be changed.  These are the expectations set forth to your backers when your co-op went live.  If anything arises that throws off your timeline it is best to update your backers immediately so as to maintain their confidence in your co-op competing in a timely manner....

0 min reading time
Updated February 25th, 2022 by Kaylyn Perry

When is my Co-Op completed?

Your Co-Op is completed when your balance is paid in full and the amount funded has been paid back to the buyers. You’ll find your balance within the platform on your invoices tab.  If you have a question, please email contact@kickfurther.com....

0 min reading time
Updated February 27th, 2024 by Kaylyn Perry

Kickfurther Metrics Model Now Available in Co-Pilot

Kickfurther Metrics Model Now Available in Co-Pilot   The Kickfurther Metric Model (KMM) is a machine learning model that ingests various business metrics and groups businesses together based on the availability and combination of those metrics. Each Co-Op is put in 1 of the 4 KMM groups; Pro, Plus, Select, and Core. The criteria of the Kickfurther ...

1 min reading time
Updated September 30th, 2022 by Kaylyn Perry

Update to Kickfurther Badges

On Kickfurther, each Co-Op has credibility metrics that represent specific protections the business has agreed to verify or implement before the Co-Op is available for funding to the Buyers. Our Buyers can interpret these standardized protections as one way to evaluate each available funding opportunity in our marketplace. These credibility metrics ...

2 min reading time
Updated October 29th, 2021 by Kaylyn Perry

Business Post Funding Expectations

Congrats on successfully funding your Co-Op! Now what? Post a Message to your buyers: Once you fund, you should send a message to the buyers who made it possible thanking them for support and letting them know you are excited for next steps. It’s also good to make sure that you know how to use the update tool. If you’d like to offer a discount of an...

1 min reading time
Updated September 8th, 2021 by Kaylyn Perry

Tips to Get Funded

MM Local Foods completed a crowdfinancing opportunity already and recently successfully raised funds for a second time.  MM partners with family farmers to preserve surplus produce at the height of harvest through our two brands MM Colorado and MM Pacific Northwest. Their production model helps prevent food from going to waste and helps local farmer...

1 min reading time
Updated September 13th, 2021 by Kaylyn Perry

The Origin Story of Kickfurther

A question that I keep getting is “Why are you doing inventory financing?” Sometimes this is phrased as “that seems to be a really boring industry to try to launch a start up in, what the hell dude?” Well, I can’t deny that it doesn’t sound very sexy, but it’s something I’m passionate about. Let me tell you why.   CPG Merchandising Before I drank th...

1 min reading time
Updated March 14th, 2023 by Kaylyn Perry

What does Flagged Status mean?

Flagged status is a flag on the co-op that shows the co-op is off track for its linear completion and allows buyers to vote to cancel the co-op if they lose confidence in your company’s ability to successfully reach completion of the co-op....

0 min reading time
Updated February 25th, 2022 by Kaylyn Perry

Is my Co-Op complete when I reach the target completion date?

Co-Ops reach completion after the full balance due has been submitted to Kickfurther. You can find your target completion date in your contract and within the invoice timeline This date represents the intended date of completion but a Co-Op is not complete until the total amount due is paid. The targeted completion date can differ from the actual co...

0 min reading time
Load More