Honeycomb Credit

AltStreet reconstructed Honeycomb's SEC Form C record — 1,109 distinct offerings under its single portal CIK since 2017 — and captured the live campaign book with its per-deal credit terms. Three things the campaign pages do not put together for you: Honeycomb charges investors a 3% ACH transaction fee (5.5% + $2 by card) that its closest structural comparable does not charge at all; 21 of 117 live campaigns disclose an explicitly junior lien — second, third, fourth or subordinate position behind another creditor — and those junior positions carried no observed coupon premium; and FINRA censured and fined the portal $140,000 in May 2025. No per-loan repayment record is published anywhere.