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 August 20th, 2021 by Kaylyn Perry

What is the package price?

It’s important to remember that Kickfurther operates as an inventory funding platform where each Co-Op is customized to a brands specific timeline and product costs.  The timeline includes the cost to produce, ship and begin selling their products(s). Products with higher costs will cause a higher package price. Another reason for a higher package p...

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

What does "Canceled by Vote" mean?

If a Co-Op has been in  troubled status  for more than 60 days and has passed its expected completion date and has not made any payment within the last 30 days, we administer an “affirmative vote.” This vote requires that 50% of the Co-Op’s ownership votes to affirm that the Co-Op should remain active. If the vote does not reach 50% within the speci...

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

Update to our Affirmative Vote

We've received a lot of feedback from users regarding poorly performing Co-Ops. Some users correctly identified that other users may no longer be using the platform or may have become disinterested in the outcome of Co-Ops in their portfolio that aren’t performing as expected.     To address those concerns, Kickfurther will periodically initiate an ...

0 min reading time
Updated August 20th, 2021 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, upcoming, 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. Wha...

0 min reading time
Updated August 20th, 2021 by Kaylyn Perry

How do I know which purchase method I can use to fund a Co-Op?

You can view purchase methods on the Co-Op’s overview page. You can use either a credit card or ACH/bank funds, unless otherwise noted. For ACH/bank funds, the funds must be transferred in and settled into your account prior to use.  Depositing funds  into your Kickfurther account from your bank account can take 3-5 days, which is the standard speed...

0 min reading time
Updated August 20th, 2021 by Kaylyn Perry

What is a Funds Only Co-Op?

A funds-only Co-Op indicates a backer may only use bank funds already transferred into their accounts to make pack purchases. In these cases, we do not accept credit card purchases.  A funds-only co-op will be indicated with an orange “funds only” banner on the platform. It is also displayed within a Co-Op’s overview page:...

0 min reading time
Updated August 20th, 2021 by Kaylyn Perry

Inventory Inspection vs. Inventory Visibility

The type of Co-Op, either Inventory Inspection (II) or Inventory Visibility (IV), indicates how Kickfurther can review purchased inventory on behalf of the buyers. Inventory Inspection indicates the business self-warehouses their product and has authorized Kickfurther to send a third party to inspect inventory levels.  Inventory Visibility   indicat...

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 August 31st, 2021 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 August 20th, 2021 by Kaylyn Perry

What does PSC mean?

PSC refers to the Percentage Sold for Completion, which is the percentage of the funded inventory the brand needs to sell for all backers to earn back their initial purchase price and profit payout. You’ll find the PSC on a Co-Op overview page....

0 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 December 3rd, 2021 by Kaylyn Perry

What happens if the Consignment Inventory doesn't sell?

Kickfurther Brands are required to pay back Buyers as they sell the Consignment Inventory specified in each Co-Op according to the payment timelines. There are two scenarios for slow or no sales we’ll review here: (1) If sales of the Consignment Inventory fall behind projections causing a payment less than the expected payment to be owed; and,  (2)f...

1 min reading time
Updated August 20th, 2021 by Kaylyn Perry

Total Raised vs. Total Payout

Once funding has completed on a Co-Op, you will see a total raised and total payout displayed on their overview page: Total Raised represents the total that was funded by the Kickfurther community. The Total Payout represents the total raised plus the profit margin to be paid back to participants....

0 min reading time
Updated August 31st, 2021 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 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 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 August 31st, 2021 by Kaylyn Perry

What does "Troubled Status" mean?

"Troubled status" is a flag that is triggered by missed reporting, slow sales or defaulting on payments owed, enabling the buyer cohort to vote on cancellation.  Although it's an indication that scheduled consignment paybacks are "off track", the majority of businesses that experience troubled status still reach completion.  Each participating user ...

0 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 October 26th, 2021 by Kaylyn Perry

Affirming Engagement on Underperforming Co-Ops

We've received a lot of feedback from users regarding poorly performing Co-Ops. Some users correctly identified that other users may no longer be using the platform or may have become disinterested in the outcome of Co-Ops in their portfolio that aren’t performing as expected.     To address those concerns, Kickfurther will periodically initiate an ...

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

Kickfurther Backer FAQs

Co-Op: A "Co-Op" is short for consignment opportunity, which is what we call the arrangement to fund inventory for a vetted brand. Co-Op Overview Page: The Co-Op overview page represents a funding opportunity for a vetted brand. To view a Co-Op’s overview page, simply click on the card of the Co-Op.  Kickfurther Store: The Kickfurther store is where...

1 min reading time
Updated August 31st, 2021 by Kaylyn Perry

Why is my Credit Card being declined on Kickfurther?

There are two reasons your Credit Card could be declined: A mismatched Zip Code Please verify you typed in your billing Zip Code correctly We have a $10 minimum on our platform when using a Credit Card...

0 min reading time
Updated August 31st, 2021 by Kaylyn Perry

My ID Verification Failed

If your ID Verification failed, please send a copy of your ID image to  contact@kickfurther.com .  Please ensure the image is in color, legible and shows a plain background around all four sides of the ID. A phone camera image works. Tip: For best results, place your ID on a dark background when taking the verification photo....

0 min reading time
Updated August 24th, 2021 by Kaylyn Perry

Kickfurther User Guidelines

Kickfurther wants to grow a user culture that stresses professional language and kindness. What our users post must comply with Kickfurther's terms of use, and users may be personally liable for what they post here and elsewhere.  It is in everyone’s best interest to address each other as professionally and as kindly as possible. For instance, if a ...

1 min reading time
Updated August 31st, 2021 by Kaylyn Perry

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

New Co-Ops always launch/go live at 5PM EST.  Upcoming  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 upcoming status and also 15 minutes before live launch. You can change your email preferences within your Kickfurther account settings dashboard. If you are not rec...

0 min reading time
Load More