Yet another prop retailer appears to be in trouble, with UK-based harness maker Bespoke Funding Program Harpenden (at bespokefundingprogram.com) being delisted from popular prop trade comparison site Propfirmmatch.com.
In a rather harshly worded statement issued on X (formerly Twitter), Propfirmmatch said its decision to delete Bespoke Funding was due to multiple reports of payment delays and denials and widespread user dissatisfaction on social media and Trustpilot with over time, and recently through your recently released Propfirmmatch Reviews.
Reflecting on this, Propfirmmatch described the deletion of bespoke funding as “overdue”.
Last October the British financial regulator The FCA issued a warning about on-demand financingciting:
This company may provide or promote financial services or products without our permission. You should avoid doing business with this company and beware of scams… This company is not authorized by us and may be targeting people in the UK.
Bespoke Funding is run by 23-year-old CEO Lewis Kaler, who periodically Instagrams himself and some of his colleagues in private planes, luxury sports cars or interesting locations. Bespoke Funding Program Ltd is controlled by Lewis Kaler and co-founder Zak Wilding.
Belgium’s FSMA recently became the first major EU regulator to issue a warning against item trading companies, warning retailers that the support companies are there to make money by selling Challenges to retailers, with the potential “reward” of a profit share from a funded transaction the account is not always implemented.