Fundwise Agents Reviews: Affiliate Program Worth Joining?

FUNDWISE

Are you someone who has an idea for affiliate marketing and wants to earn, today we will be reviewing Fundwise Agent, A program part of Fundwise Capital which is a business that offers a partnership program. 

Fundwise is also known for being one of the most popular indirect online lenders.

But before you jump into this business or submit applications, join me as you get to know what Fundwise can offer, how much will it cost you, and the possible downsides that can affect your decision.

But Before starting this review…

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What is Fundwise Capital

LEO KANELL

This business was founded around 2013 in Provo, Utah. Fundwise was founded by Leo Kanell an entrepreneur from Utah who is also known for his  7 Figure Funding, Identity Insured, and 7 Figure University. 

Fundwise is an online business that helps business owners and entrepreneurs to get loans. They offer a wide range of lines of credit and term loans. They also offer you credit lines and cards from $15,000 up to $200,000 with 0% interest on your first 9-15 months.

They also offer business owners unsecured term loans but the thing is there’s no transparent information given under their terms and conditions. 

You might be thinking about how this lending business works, Fundwise is not a direct lender but they know the best banks to apply for business loans and credit cards as long as you are qualified. 

They will also help you by guiding you properly through the step-by-step process so you can get funding smoothly.

RECOMMENDED: Start a solid business online which is not here today and gone tomorrow and don’t need heavy investment to start

What Fundwise Capital Offers

Fundwise differs from others since it doesn’t ask you for collateral upon application. This can benefit small or beginning owners who don’t have anything to put on as collateral. I’ve listed some of the programs available and here are some:

Line of Credit

You’ll get a credit limit from $25,000 – $300,000 with a 0% interest rate for the first 9-15 months but a 15-25 per month after. This has a 6-18 month contract.

Installment Loans

You’ll be able to get $25,000-$300,000 loan amount with an interest rate of 0%-15% for the first 9-15 months then with an APR of 6%-24% under 3-7 years of term.

Business Credit Cards

They will be offering you an introductory 0% APR for the first 6-12 months which is good for start-ups along with the points, cash backs, and vendor discounts. 

What are the Qualifications for Fundwise Capital

For potential borrowers, there’s a minimal requirement you must have a minimum personal credit score of 680 but if you didn’t reach this you can also bring a co-signer or credit partner to do so.

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How can you apply

They said it was easy 3 simple steps to apply, All you need is to answer questions about your business, credit score, and funding needs.

First, you need to apply online which will only take you a minute to complete. This includes you providing your initial credit report and signing up for the credit monitoring service.

You must also provide proof of income or if you’re still starting up you need to provide your proof of income.

Second, You need to give the information being asked by the fund manager, and from there they will plan out the best funding program that can help you.

The last step is to wait and get funded, It will take you around 10-21 days to receive your funds that’s unusual for an indirect lending platform. 

The Pros and Cons of Fundwise Capital

PROS CONS

Pros of Fundwise Capital

Here are some positive key pointers I found researching about them:

Quick and Easy – They set up their services of loan application easy and quick as long as you are qualified, 

Good for Startups – They won’t ask collaterals that startups can take advantage of, especially those who don’t have assets that can act as collateral since the financing is unsecured.

Efficiency – it saves you the time of having to apply to different lenders since they’re the ones who’ll find it for you.

Variety of Products – you get to have more options for lending products.

Services – Fundwise gives you a credit monitoring service.

Rates – They give you a 0% introductory rate for their lending products.

Cons of Fundwise Capital

Lack of information – their webpage doesn’t provide you with enough information, especially on business resources.

Not Transparent – you must first apply to check out the rates, amounts, and terms.

Credit Score – You must qualify by having a high credit score of 680.

Rates and Fees – Not only do you get an absurd rate after the 0% introductory you also get to spend a $500 upfront fee and other hidden charges,

Long funding days – you’ll need to wait a lot of days just to get your funding.

RECOMMENDED: Start a solid business online which is not here today and gone tomorrow and don’t need heavy investment to start

What is Fundwise Agents

FUNDWISE PARTNERS

So for the main topic, what is this fundwise agent is. Fundwise might be an indirect lending company but they also offer some people to become an affiliate for them. You might be wondering what how can earn from them. 

As they claim you can earn a commission every time you make someone also avail the same program. It lacks that much information aside from there claims and introduction video.

How it works

Once you sign up you’ll get multiple training modules that you will know more about the product offerings of Fundwise Capital and how you can use the backend affiliate program from the links, banners, and dashboard.

You will be able to offer other products that can be sold in the market like credit repair along with a debt-to-wealth strategy program.

Let me explain to you one of the known affiliate programs nowadays is lead generation know you might ask what’s the connection of this to the topic. Firstly as an affiliate, your task is to find entrepreneurs or business owners that are looking for funding.

You needed to entice them to visit the link you the affiliate provided so potential clients could check out the information and apply to get funded. Once they qualify and get the funding you as the affiliate will earn a percentage of the deal depending on the level of your account.

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What are the Inclusions

Once you join them you can access their fast-track training program, this program is created for new partners to navigate around the dashboard and know the basics.

The inclusion also depends on what product you avail. There are 3 options you can choose from there’s silver, gold, and platinum.

You also get:

Sale and Marketing Platform

Done-for-you Social Media

Pre-built landing page and campaigns

Fundwise Business Loan Program

Ticket Support and Weekly Training

Monthly Business Contacts

Matched Bonus Commissions

Recurring Commissions from signing up other agents

Unlimited account Users

And other bonuses upon registration

How Much Will It Cost You?

cash logo

They offer 3 options to earn:

Silver for $197 per month

Gold  for $297 per month

Platinum a one-time payment of $997

The Downside of joining Fundwise Agent

Let’s be clear on this one affiliate programs are legit as long as it is done in legal and ethical ways but here are some downsides of fundwise agent program.

Cost – not only you be spending $200-$300 just to get access you also need to do it monthly. There’s no guarantee of ROI especially when you need to sell this product to earn a commission.

Stability – it’s unstable you don’t know how the market reacts or whether it is in your niche, imagine paying monthly and not earning despite the funnels. 

Structure – This type of affiliate marketing is already a red flag as they stated on their webpage you need to also make 5 people join along with you. It is already a major red flag in the affiliate marketing strategy.

Ponzi Scheme – The way they give you commission and bonuses is a way of traditional Ponzi Scheme by having a pairing up of those who join. I even doubt the claim that they use Funding capital ways to fund this program.

RECOMMENDED: Start a solid business online which is not here today and gone tomorrow and don’t need heavy investment to start

Conclusion

Is Fundwise a scam? To be honest the lending company isn’t a scam it’s good for start-ups but has bad rates and APRs just get the loan once build your business pay up and just be done with them or take alternative lending platforms with better rates and a faster way you get the capital. 

But Fundwise Agents or their Partnership Affiliate Program is a SCAM not only it will lead you to believe that earning easy money by inviting people and enticing others to buy the same products is already unethical. 

Let’s be real you won’t get that much profit selling their lending services but the main profit is to make others buy the membership your typical Ponzi BS. If you’re looking for ways to earn online using legit and ethical ways feel free to check out my recommendations.

Before Leaving…

If you want to start a business which will help you achieve fu** you money status, then look no further than my #1 recommendation.

This is simply the bestest way to make money online and it’s making me over $30k a month in pure profit (*And I believe it can make me way more money than that*)

Click here to check out my top recommended course and start making money right away

My Top Rated Course >>