Pay companies on-time, everytime
Access financial features
Save time and money
Industry-leading security practices
Real-time balances and transaction notifications
Your business must be over twelve months old and average a minimum of $10,000 in gross monthly revenue over the last three months to qualify for one of our programs. You’ll also need a personal FICO credit score that’s above 600.
Repayments are triggered automatically and may be split into several portions depending on the amount to return. The Fundomate system will inform you about the repayment plan (the amount and schedule). Repayments are withdrawn from your spending account first. If your spending account has insufficient funds, repayments originate via an ACH debit transaction from your connected third-party bank account. All repayment transactions are reflected in your transaction feed.
Yes. All money transfers within the Fundomate network are instant.
You are given a virtual card immediately after activating your account so that you don’t have to wait 7-10 business days to begin making purchases or payments you need to run your business like a traditional debit or credit card. You can also add the card to your virtual wallet on your mobile phone and use it like you would your bank debit card, Apple pay or Google pay, if you’re making a purchase online or in a brick and mortar location. Costco or any other retailer you shop with frequently.
There are no fees or penalties for non-usage. You simply payback on the amount you used with no additional interest! The rest of the balance will be available for whenever you need it with no penalties.
While we don’t have any restrictions on how you use the funds, we certainly recommend that you put the money towards things that will grow your business. You may also choose to allow business partners and employees to use your RTF virtual card by adding it to their mobile phone wallet for day-to-day purchases that keep your business running smoothly.
All you need to apply is basic information about you, your business and your bank account details.
Applying will not affect your credit score.
You can access your funding immediately after you successfully complete the onboarding process.
Yes. Fundomate accounts are FDIC insured through Blue Ridge Bank, N.A. - Member FDIC.
Our small business funding program is a stand alone service in which you apply for an advance, we give you the money and you pay it back daily or weekly with a percentage of your sales . With RTF, not only do you get access to our business funding program, but you get it INTEREST FREE for a shorter term in addition to a full, cloud-based dashboard that gives you the ability to manage your cash flow in a simple manner. RTF is quick, easy, auto-renewable and gives you the peace of mind that there’s always money in the bank.
A traditional credit card is going to charge a high annual fee, high interest rates, while RTF provides instant, interest free money that is always available to you via a virtual debit card. Why risk creating compounding debt on traditional monthly payments with credit cards that can really put you in a bind even if you make a single late payment! You don’t have to worry about fees with RTF, PLUS, the dashboard provides a full complement of features that allow you to stay on track with managing your money on a day-to-day basis, pay vendors and more.
Please ensure you have added funds to your card before making a purchase by using the “Charge card” feature.
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