Terms of Service – Payvestify

PAYVESTIFY SYSTEMS TECHNOLOGY LIMITED TERMS AND CONDITIONS LAST REVISED ON: 5TH APRIL 2024 ACCEPTANCE OF TERMS AND CONDITIONS:

a. Introduction. These terms and conditions, together with any documents they expressly incorporate by reference (collectively, these “Terms”) govern your access and use of Website https://payvestify.com and its subdomains (collectively, “Website”) or using or downloading our mobile application (the “Payvestify App”), including any content, component, functionality and/or service offered on or through Website (collectively and together with Website and App, the “Platform”) owned or controlled by Payvestify Systems Technology Limited (“the Company” or “Payvestify” or “we” or “our” or “us”), whether as a guest or registered user of the Platform (a “user” or “User”). All references to “you” or “your,” as applicable, mean a user and/or the Person who accesses, uses and/or participates in Platform in any manner, and such Person’s heirs, assigns, and successors. If you use Platform on behalf of an entity, “you” or “your,” as applicable, means that entity and its affiliates and their respective directors, officers, employees, and agents. b. Acceptance of these Terms. BY USING OR DOWNLOADING THE PAYVESTIFY APP OR ACCESSING OR USING WEBSITE YOU INDICATE YOUR ACCEPTANCE OF THE FOLLOWING TERMS ON YOUR OWN BEHALF AND ON BEHALF OF ANY ORGANISATION YOU REPRESENT. IF YOU DO NOT AGREE TO THESE TERMS (OR ANY UPDATES TO OR MODIFIED VERSIONS THEREOF), YOU SHOULD DISCONTINUE USE OF PLATFORM IMMEDIATELY. YOU ALSO UNDERSTAND AND ACCEPT THAT BY USING THE STATIC ACCOUNT PAYMENT CHANNEL (“PAYMENT CHANNEL”) ON THE PLATFORM/ THE WEBSITE (AS MAY BE APPLICABLE) TO FUND YOUR WALLET ON THE PLATFORM/WEBSITE (“PAYVESTIFY WALLET”), YOU ARE AGREEING TO THE CONVERSION OF POUND TO UNITED STATES DOLLARS OR ANY OTHER CONVERSION OF ONE CURRENCY TO ANOTHER AT THE PREVAILING MARKET RATE OF EXCHANGE AS DETERMINED BY PAYVESTIFY FROM TIME TO TIME. YOU ALSO ACCEPT SOLE RESPONSIBILITY FOR CONFIRMING THE PREVAILING MARKET RATE OF EXCHANGE PRIOR TO INITIATING THE PAYMENT CHANNEL TO YOUR PAYVESTIFY WALLET. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT PROCEED IN USING THE PAYMENT CHANNEL. c. Acceptance of Terms of Static Account Payment Channel. YOU ALSO UNDERSTAND AND ACCEPT THAT BY USING THE STATIC ACCOUNT PAYMENT CHANNEL (“PAYMENT CHANNEL”) ON THE PLATFORM/ THE WEBSITE (AS MAY BE APPLICABLE) TO FUND YOUR WALLET ON THE PLATFORM/WEBSITE (“PAYVESTIFY WALLET”), YOU ARE AGREEING TO THE CONVERSION OF POUND TO UNITED STATES DOLLARS OR ANY OTHER CONVERSION OF ONE CURRENCY TO ANOTHER CURRENCY AT THE PREVAILING MARKET RATE OF EXCHANGE AS DETERMINED BY PAYVESTIFY FROM TIME TO TIME. YOU ALSO ACCEPT SOLE RESPONSIBILITY FOR CONFIRMING THE PREVAILING MARKET RATE OF EXCHANGE PRIOR TO INITIATING THE PAYMENT CHANNEL TO YOUR PAYVESTIFY WALLET. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT PROCEED IN USING THE PAYMENT CHANNEL.

d. Your Duty to Regularly Review these Terms. Your use of Platform is governed by the version of the Terms in effect on the date Platform is accessed by you. Company may modify these Terms at any time and without prior notice. You should review the most current version of these Terms by visiting Platform and clicking on the Terms and Conditions hyperlink. e. Third-Party Provider Services. The Platform may offer you the option to enter into relationships and agreements with Third-Party Providers for access to additional services, such as, for example, to purchase and sell publicly traded securities on stock exchanges in various jurisdictions. As a condition to having access to those Third-Party Provider services, you may be required to enter into various agreements with a Third-Party Provider such as, for example, any customer, service or account agreements. 2. DEFINITIONS. ● “Affiliate” means, with respect to any Person (as defined below), any other Person which directly or indirectly through one or more intermediaries’ controls, is controlled by, or is under common control with, such Person. ● “Third Party” means any Person other than Payvestify or its Affiliates. ● “Third-Party Provider” means any Third Party providing any Content (as defined in Section 3) for the Platform. ● “Person” means individual, sole proprietorship, partnership, joint venture, limited liability company, limited liability partnership, trust, estate, unincorporated organisation, association, corporation, institution, or other entity. 3. GENERAL. Platform may include or make available certain content (the “Content”), which includes, without limitation: (1) account positions, balances, transactions, confirmations, and order history; (2) general news and information, commentary, educational material and information and data concerning the financial markets, securities and other subjects; (3) market data such as quotations for securities transactions and/or last sale information for completed securities transactions reported in accordance with federal securities regulations; (4) financial and investment trading systems or other interactive tools, such as alerts or calculators; (5) tax preparation, bill payment and account management tools; (6) company names, logos, product and service names, trade names, trademarks and services marks (collectively, “Marks”) owned by Company, and Marks owned by Third-Party Providers (defined below); and (7) any other information, content, services, or software, including that which is accessible through the Payvestify App. Certain Content is supplied, distributed, provided or delivered by a Third Party Provider (the “Third-Party Content”) such as information, services or software, made available by, through or on the Platform, social media websites, blogs, wikis, online conferences, telecasts, podcasts, and other forums (collectively, the “Forums”). Third-Party Content may be available through framed areas or through hyperlinks to the Third-Party Providers’ websites.

4. CONTENT.
Content posted on the Service is published as of its stated date or, if no date is stated, the date of first
posting. Neither Company nor the Third-Party Providers have undertaken any duty to update any
such information. The Company does not prepare, edit, or endorse Third-Party Content. The
Company does not guarantee the accuracy, timeliness, completeness or usefulness of Third-Party
Content, and is not responsible or liable for any content, advertising, products, or other materials on
or available from third-party sites. You will not hold Company and/or any Third-Party Provider liable
in any way for (a) any inaccuracy of, error or delay in, or omission of the Content; or (b) any loss or
damage arising from or occasioned by (i) any error or delay in the transmission of such Content; (ii)
interruption in any such Content due either to any negligent act or omission by any party to any
“force majeure” (e.g., flood, extraordinary weather conditions, earthquake or other act of God, fire,
war, insurrection, riot, labour dispute, accident, action of government, communications or power
failure, equipment or software malfunction), (iii) to any other cause beyond the reasonable control of
Company and/or Third-Party Provider, or (iv) non-performance.
5. LEGAL RESIDENTS.
You must be at least 18 years of age to become a user of the Company. You represent and warrant
that you are 18 years of age or older and are fully able and competent to enter into, and abide by, the
contract created by these Terms of Use. The Content and the Service are intended for Nigerian
residents presently accessing the Service from within Nigeria. The Content and the Service shall not
be considered a solicitation to any person in any jurisdiction where such solicitation would be illegal.
The use of the Content and the Services does not constitute any form of investment, financial or tax
advice.
6. ACCOUNTS.
In order to access or use some of the features on Platform, you will be required to log-in to and create
an account (your “Account”) at https://investbamboo.com or the Bamboo App. Platform’ practices
governing any resulting collection and use of your personal information are disclosed in our Privacy
Notice which can be found here https://investbamboo.com/legal. You will select your own password
at the time of registration (or we may send you an email notification with a randomly generated initial
password) and you agree that:
A. You are eighteen years of age and otherwise comply with applicable law;
B. You will not use a username (or e-mail address) that is already being used by someone else, that
infringes the intellectual property or other right of any person or entity, or is offensive;
C. You will provide true, accurate, current, and complete registration information about yourself in
connection with the registration process;
D. You are solely responsible for all activities that occur under your Account, password, and
username;
E. You are solely responsible for maintaining the confidentiality of your password and for restricting
access to your mobile device so that others may not access any password protected portion of
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Platform using your name, username, or password;
F. Certain parts of Platform are protected by passwords or require a login. You may not obtain or
attempt to obtain unauthorised access to such parts of Platform, or to any other protected
materials or information, through any means not intentionally made available by Company for
your specific use;
G. You will immediately notify us of any unauthorised use of your Account, password, or username,
or any other breach of security; and
H. You will not sell, transfer, or assign your account or any Account rights
If any information that you provide, or if we have reasonable grounds to suspect that any information
that you provide, is false, inaccurate, outdated, incomplete, or violates these Terms or any applicable
law, then we may suspend or terminate your account. We also reserve the more general and broad
right to terminate your account or suspend or otherwise deny you access to it or its benefits – all in
our sole discretion, for any reason, with or without advance notice and without liability. The Terms
and any other documents, policies or agreements referenced or incorporated herein will continue to
apply until terminated by either you or Company. If you choose to terminate your use of Platform,
you may do so by contacting us by email or through the Bamboo App. Once your use of Platform is
terminated, your ability to log in will be immediately deactivated. If you terminate your use of
Platform, you will remain obligated to pay any outstanding fees, such as any commissions, if any,
relating to your use of Platform or a result of any other agreements that you may have with Company
or its Affiliates. If you have any questions or trouble terminating the use of Platform, you can contact
us by email or through the Bamboo App. Company may continue to maintain information about a
customer after their use of Platform is terminated only to the extent necessary to comply with
applicable laws and to further legitimate business needs. The Bamboo App is intended to be a
supplement, not a replacement to your Account. All agreements and disclosures that you have
entered into in connection with or that apply to your Account with Company and each and every
current and future affiliate of Company also apply to the Bamboo App and your use thereof.
7. LICENCE TO USE THE SERVICES.
The Company grants you a personal, worldwide, royalty-free, non-assignable and non-exclusive right
to use the Platform provided to you as part of the services provided by the Company. The license is
granted to you for the sole purpose of enjoying the benefit of the services provided on the Platform,
in the manner permitted by these Terms. The services provided via the Platform are protected by
copyright, trademark, and other laws of the United States, Nigeria and other relevant laws. Nothing in
these Terms shall give you the right to use the Company’s name or any of its trademark, logos,
domain names, and other distinctive brand features for profit or non-profit cause. All right title, and
interest in and to the Platform are and will remain the exclusive property of the Company. Feedback,
comments, or suggestions provided by you are voluntary and implementation is effected at the sole
discretion of the Company without any obligation to you.
8. PROHIBITED USES.
In connection with your use of Platform you agree and represent you will not engage in any
Prohibited Use (as defined below). We reserve the right at all times to monitor, review, retain and/or
disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs,
legal process or governmental request. We reserve the right to cancel and/or suspend your
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Account(s) and/or block transactions or freeze funds immediately and without notice if we
determine, in our sole discretion, that your Account is associated with or engaging in a Prohibited
Use.
Without limitation, you agree not to do any of the following:
A. upload, post, transmit or otherwise make available any Content that is unlawful, harmful,
threatening, abusive, harassing, tortuous, defamatory, vulgar, obscene, libellous, invasive of
another’s privacy (including, but not limited to, any address, email, phone number, or any other
contact information without the written consent of the owner of such information), hateful, or
racially, ethnically or otherwise objectionable;
B. harm minors in any way;
C. impersonate any person or entity, including, but not limited to, (i) a Company or Third- Party
manager, employee, agent, or representative or (ii) forum leader, guide or host;
D. falsely state or otherwise misrepresent your affiliation with any person or entity;
E. forge headers or otherwise manipulate identifiers in order to disguise the origin of any material;
F. upload, post or otherwise transmit any material that you do not have a right to transmit under any
law or under contractual or fiduciary relationships (such as inside information, proprietary and
confidential information learned or disclosed as part of employment relationships or under
nondisclosure agreements);
G. upload, post or otherwise transmit any material that infringes any patent, trademark, trade secret,
copyright, rights of privacy or publicity, or other proprietary rights of any party;
H. upload, post, or transmit unsolicited commercial email or “SPAM,” including, but not limited to,
unethical marketing, advertising, or any other practice that is in any way connected with SPAM,
such as:
a. sending mass email to recipients who haven’t requested email from you or with a fake return
address;
b. promoting a site with inappropriate links, titles, or descriptions; or
c. promoting any site by posting multiple submissions in forums that are identical;
I. upload, post or otherwise transmit any material that contains software viruses or any other
computer code, files or programs designed to interrupt, destroy or limit the functionality of any
computer software or hardware or telecommunications equipment;
J. interfere with or disrupt the Service or servers or networks connected to the Service, or disobey
any requirements, procedures, policies or regulations of networks connected to the Service;
K. intentionally or unintentionally violate any applicable local, state, national or international law,
including, but not limited to, regulations promulgated by the U.S. and Nigerian Securities and
Exchange Commissions’ respectively, any rules of any national or other securities exchange, and
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any regulations having the force of law;
L. “stalk” or otherwise harass another;
M. collect or store personal data about other users of the Service;
N. promote or provide instructional information about illegal activities, promote physical harm or
injury against any group or individual, or promote any act of cruelty;
O. promote, offer for sale or sell any security or item, good or service that
a. violates any applicable federal, state, or local law or regulation,
b. you do not have full power and authority under all relevant laws and regulations to offer and
sell, including all necessary licences and authorisations, or
c. Company or the Third-Party Providers determine, in their sole discretion, is inappropriate for
sale;
P. use the Forums as a forwarding service to another website; or
Q. access or otherwise use the Forums in any unlawful manner, for any unlawful purpose or in
violation of these Terms and Conditions.
R. authorise any other person or entity to use your username and password or mobile device to
access the Services.
S. Use or access the Services only for the purpose of utilizing the products that Bamboo offers
on the platform.
T. Interfere with or disrupt (or attempt to interfere with or disrupt) any Bamboo web page,
server, or network, or the technical delivery systems of Bamboo’s providers, or disobey any
requirements, procedures, policies, or regulations of networks connected to the Bamboo
App or our Website
(collectively, the “Prohibited Uses”).
9. INTELLECTUAL PROPERTY RIGHTS.
Trademarks and logos are the property of their respective owners and do not represent endorsements
of any kind. Unless otherwise noted, Company and its affiliates are not partners, affiliates or licences
of these companies. Except as otherwise specifically provided in these Terms and Conditions, you
may not download or save a copy of the Service or any portion thereof, for any purpose. You may,
however, print a copy of individual screens appearing as part of the Service solely for your personal,
non commercial use or records, provided that any marks, logos or other legends that appear on the
copied screens remain on, and are not removed from the printed or stored images of such screens.
All title and intellectual property rights in and to the Content of the Linked Sites is the property of
the respective Content owner and may be protected by applicable copyright or other intellectual
property laws and treaties.
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10. MEANS OF ACCESS.
Website is generally intended to be viewed by a conventional web browser with a screen resolution of
800 by 600 pixels or greater. Platform is meant to be viewed by a mobile phone with an Android or
iOS operating system. Although you may use other means to access Platform, be aware that Platform
may not appear accurately through other access methods, and you use them only at your own risk.
You should not access the Platform through devices or services that are designed to provide
high-speed, automated, repeated access, unless such devices are approved or made available by the
Company. You understand that to receive electronic deliveries, you must have internet access, a valid
e-mail address, the ability to download and have ongoing access to applications as Company may
specify and a printer or other device to download and print or save any information you may wish to
retain.
11. ACCOUNT SAFETY
You are responsible for ensuring the safety of your Account.
We recommend that you use appropriate, up-to-date security software and definitions to reduce the
risk that your system will be susceptible to unauthorised access and intrusion.
You must install the latest version of any mobile applications that we publish from time to time.
These updates often include improved security or fixes for recently discovered vulnerabilities.
You agree that neither Company nor any of our group companies, directors, staff, agents, suppliers or
contractors will have any liability, of whatever nature and howsoever arising, for any Loss arising as a
result of your failure to keep your Company Account (including login and password details) secure, or
from any unauthorised access to your Company Account as a result of malicious code (such as viruses
or Trojans) or your failure to update to the latest version.
We will take reasonable steps consistent with our legal duties to protect your Company Account and
secure it, however we are not liable for security breaches that may occur where we have complied with
those obligations.
12. MONITORING AND RECORDING.
Company reserves the right to view, monitor, and record activity on our sites without notice to or
permission from you. You authorise the Company to use vendors to verify your identity or
information provided by you. Any information obtained by monitoring, reviewing, or recording
activity on Platform is subject to review by law enforcement organisations in connection with
investigation or prosecution of possible criminal activity as well as by any regulatory agency or
self-regulatory body with supervisory authority over the Company. Company will also comply with all
U.S. and Nigerian federal or state court orders involving requests for such information. Company
reserves the right to record all telephone calls, chat, and other communications to Company to help
us with the quality of our service and for other reasons that we deem appropriate to protect our
customers or for our own protection.
13. COOKIES.
When you use the Service, the Company may collect technical and navigational information, such as
computer browser type, IP address, pages visited, and average length of time spent on our sites. We
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may also record the time of actions taken on the sites for regulatory or other control purposes. This is
accomplished through the use of cookies. We use cookies to allow you to avoid having to re-enter
information and to aid in navigation between pages of the Service; help us recognize you as a unique
user when you return to the Service; remember what kinds of information you have shown interest in
while on the Service; and collect and compile anonymous, aggregated information for statistical and
evaluation purposes. No personal information is stored in the cookies. You may be able to disable
cookies by changing your browser settings, but the Service’ functionality and your experience may be
diminished as a result. For more information about cookies and how to disable them please visit
http://www.allaboutcookies.org (http://www.allaboutcookies.org).
14. SITE AVAILABILITY.
While we have put resources into building and testing our computer systems, computer glitches,
slowdowns, and crashes will occur. We will also need to restrict access to some parts of our website or
our entire website to perform routine maintenance. We will try to schedule our maintenance during
the middle of the night. While it is our intention that our website will be available seven days a week
except when maintenance is scheduled (usually for weekends), you understand that we do not
guarantee that you will always be able to access Platform. Computer problems can arise on your end,
our end, or anywhere in between: your computer may break down; the connection between your
computer and your Internet service provider may not work properly; your Internet service provider
may go down; or our computers and the computers we link to may be unavailable due to unforeseen
system outages.
15. NETWORK AND RELIABILITY.
You acknowledge that the Internet is not a secure network and that communications transmitted over
the Internet may be accessed by unauthorised or unintended third parties. E-mail notifications sent by
the Company will not contain sensitive or confidential information. Due to security risks, you should
not send any sensitive information, such as account numbers or passwords in an unencrypted email.
E-mails may fail to transmit properly. Regardless of whether you receive an e-mail notification, you
agree to check Company website to avoid missing time-sensitive information. You further agree that
for your records, you can download and save or print the communications received via electronic
delivery.
16. CONSENT TO ELECTRONIC DELIVERY.
By providing Company with your e-mail address, you agree to receive all required notices
electronically to that email address to the extent permissible by law. It is your responsibility to update
or change the email address registered with the Company, as appropriate. If you become aware of any
unauthorised use of your information, please contact the Company.
Further, by registering with the Company you are aware and consent that electronic signatures and
electronic documents will be used instead of paper documents. You agree and are giving consent to
electronic delivery of all communications which includes, but is not limited to, all current and future
account statements, trade confirmations, notices, disclosures, regulatory communications (including
prospectuses, proxy solicitations and privacy notices) and other information, documents, data and
records regarding your account all services provided by Company delivered or provided to you by
Company.
Your consent will be effective immediately and will remain in effect until either Company or you
revoke it. You understand that it may take up to three days to process a revocation of consent to
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electronic communications and you may receive electronic notifications in the interim.
You may revoke or restrict consent to electronic delivery of Company communications at any time by
notifying Company. You have the right to request paper delivery of any communication that the law
requires the Company to provide in paper form. If you revoke or restrict consent to electronic
delivery, the Company, at its discretion, may charge a service fee as set forth on
https://investbamboo.com/fees for the delivery of communications that would otherwise be
delivered electronically, restrict your account, or close your account and terminate access to Platform.
17. NO RECOMMENDATIONS OR INVESTMENT ADVICE.
Nothing on the Platform or from the Company shall be construed as making any recommendation or
investment advice of any kind whatsoever. You are solely responsible for evaluating the merits and
risks associated with the use of any Content provided through the Service before making any
decisions based on such Content. You agree not to hold Company or any Third-Party Provider liable
for any possible claim for damages arising from any decision you make based on the Content or
other information made available to you through the Service or any Third-Party Provider websites.
Past performance data should not be construed as indicative of future results.
18. FIXED RETURNS PRODUCT
This section is applicable to all Users accessing the Platform from Nigeria specifically for the Fixed
Returns Product as may be amended from time to time. Users accessing the Product may only use the
service upon accepting the Terms and Conditions of the Product.
19 NAIRA SAVINGS PRODUCT
This section applies specifically to users accessing the platform from Nigeria for the Naira Savings
Product, subject to these Terms, as may be amended from time to time. The Naira Savings Product is
managed by fund managers licensed by the Securities and Exchange Commission, Nigeria, and
Bamboo provides technology access to facilitate your participation.
19.1 By using this product, you acknowledge that Bamboo is NOT responsible for the management or
investment decisions related to the funds. You may use the Services solely for your personal,
non-commercial purposes and not on behalf of or for the benefit of any third party. Your use of the
Services must comply with all applicable laws. If any law prohibits your use of the Services, you are not
authorized to use them. Bamboo is not liable for any use of the Services that violates applicable laws.
19.2 Disclaimers:
a. To the fullest extent permitted by applicable law, and except as expressly provided in these
Terms, you understand and agree that your use of the Services and all information, products,
and other content (including that of third parties) included in or accessible from the Services
is at your sole risk. The Services are provided on an “as is” and “as available” basis without
any warranty of any kind. To the maximum extent permitted by applicable law, we and our
third-party service providers expressly disclaim all conditions, representations, and warranties
of any kind regarding the Services and all information, products, and other content (including
that of third parties) included in or accessible from the Services, whether express, implied,
statutory, or otherwise, including, but not limited to, any implied warranty of merchantability,
fitness for a particular purpose, and non-infringement.
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b. Due to our use of the Nigeria Inter-Bank Settlement System (NIBSS), payments may be
delayed. We are not liable for any delayed payments. We are also not responsible for
incomplete payment instructions due to inaccurate or insufficient information, failure of the
recipient or bank to claim the payment, lack of requested information from you or the
recipient, or our inability to verify your identity or the recipient’s identity to our satisfaction.
19.3. Tenor
The Naira Savings Product offers the following savings tenors:
a. 90 Days
b. 180 Days
c. 365 Days
19.4. Expected Returns
19.4.1. The savings in your wallet are held until maturity. The expected returns for each tenor, which
is payable in the Nigerian Naira, are based on the specified interest rates and the invested
amount. The expected interest rates for each tenor are as follows:
a. 90 –Day Tenor 14 %per annum
b. 180- Day 16 % per annum
c. 365- Day Tenor 18 % per annum
19.4.2 You have the option to withdraw your interest upfront allowing you to access your earned
interest immediately.
19.5. Transaction Fees
Users may be subject to transaction fees or charges at withdrawal of their savings depending on
the Payment type as indicated on the product. These fees will be communicated to Users prior
to investment.
20 INFORMATION SUBJECT TO LIMITATIONS.
The information and Content available on or posted to Website may not be timely or complete, and
should not be relied upon for making any investment or other decisions. Information, such as stock
prices, is not real-time and the past performance results of a security available for purchase through a
Website is not an indication of future performance. Certain information and Content are provided by
third-party data providers and may not be timely or complete and may not reflect certain activities.
Company cannot guarantee the accuracy or completeness of the information it receives from third
party sources of information and makes available on Website.
Company makes available hyperlinks from Website to third-party websites, as a convenience to users
with the intention of allowing users to access additional investment-related information. You agree to
access any such third-party websites through those hyperlinks at your own risk and to follow any rules
and restrictions particular to those websites. Company is not responsible for Content appearing on
third- party websites hyperlinked from Website, nor does Company make any endorsements or
warranties, express or implied, with respect to Content of third-party websites, including the
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information, products or services offered on any third- party websites, including but not limited to
accuracy, completeness, reliability, suitability, non-infringement, merchantability or fitness for a
particular purpose. Company does not guarantee the authenticity of information or documents
available on the internet and reserves the right to terminate any link from the Website at any time.
21 TREASURY BILLS PRODUCT
This section is applicable to all Users accessing the Platform specifically to invest in the Federal
Government Treasury Bills Product based on these Terms, as may be amended from time to time.
21.1 Tenors
The Treasury Bills Product offers the following investment terms (tenors):
a. 90 days
b. 180 days
c. 364 days
21.2 Expected Returns
Treasury Bills not held till their maturity date shall attract an early liquidation fee of 50% of the
interest earned up until the date of liquidation. The expected returns for each tenor, which is payable
in the Nigerian Naira, are based on the specified interest rates and the invested amount. The
expected interest rates for each tenor are as follows:
a. 90 – Day Tenor: 14%
b. 180 – Day Tenor: 15%
c. 364 – Day Tenor: 18%
21.3 Transaction Fees
Users may be subject to transaction fees or charges associated with the purchase and management of
Treasury Bills (such as but not limited to custody fees). These fees will be communicated to Users
prior to investment.
22 DOLLAR COST AVERAGING PRODUCT
This section is applicable to all Users accessing the Platform specifically to access/utilise the
Dollar Cost Averaging Product (“DCA”) based on these Terms, as may be amended from time to
time:
Dollar Cost Averaging is the practice of investing a fixed dollar amount on a regular basis,
regardless of the share price. By opting into DCA, you agree to the following:
A. FUNDING DCA
You agree to maintain sufficient funds in your buying power/wallet warehoused on the Platform
to cover your DCA purchase instructions. Bamboo will automatically deduct the specified amount
from your buying power/wallet warehoused on the Bamboo Platform at the scheduled intervals
specified by You.
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B. AUTHORITY TO DEBIT IN CASES OF INSUFFICIENT FUNDS
If there are insufficient funds in your buying power/wallet warehoused on the Platform to cover a
scheduled DCA purchase, Bamboo will charge the debit card linked to your account. You agree
that in the event of insufficient funds in your buying power/wallet warehoused on the Platform
Bamboo is authorised to process the scheduled DCA purchase by debiting the full or remaining
amount from your linked debit card.
C. FAILED PAYMENTS AND PENALTIES
If both your buying power/wallet warehoused on the Platform and debit card fail to provide
sufficient funds, the DCA purchase may be suspended or cancelled.
D. CANCELLATION OF DCA
You may cancel your DCA purchases at any time by adjusting your preferences through your
Bamboo account. However, any scheduled purchases that have already been initiated or processed
before the cancellation request will not be eligible for cancellation or refund.
Bamboo reserves the right to cancel or suspend your DCA purchases at its discretion, including
but not limited to situations where insufficient funds are repeatedly available, there are issues with
your payment method, or in cases of suspected fraud or misuse. In such cases, Bamboo will not be
liable for any losses or missed investment opportunities resulting from the cancellation of DCA
purchase.
23. MANAGED PORTFOLIO PRODUCT.
23.1 This section is applicable to all Users accessing the Platform specifically to invest in a diversified equity pool
managed by a third-party Registered Investment Advisor (“RIA”), Xantos Labs LLC (“Xantos Labs”).
23.2 By investing in this product, you are entrusting Xantos Labs with full responsibility for managing your
portfolio and making all investment decisions. Bamboo’s role is limited to facilitating your access to the
Managed Portfolio Product and processing fund transfers between your Bamboo wallet and the Xantos
Labs-managed equity pool. In using the Managed Portfolio Product, you agree to be governed by Xantos
Labs and Bamboo’s terms and conditions.
23.3 Role of Bamboo and Third-Party RIA
a. Bamboo’s Role. Bamboo acts as an intermediary by providing a platform for users to
invest in the managed equity pool. Bamboo does not provide any financial or investment
advice, nor does it influence or manage the equity pool in any way. Bamboo’s
responsibilities are limited to facilitating transactions, such as deposits into and
withdrawals from the equity pool.Bamboo will not be liable for any delays in the
processing or settlement of deposits or withdrawals, including but not limited to delays
caused by third-party institutions, payment processors, or unforeseen technical issues.
b. Xantos Labs’ Role. As the RIA, Xantos Labs is responsible for all portfolio management
activities, including investment strategy, asset selection, and risk management. Xantos
Labs operates independently and is solely accountable for the managed portfolio.
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23.4 Funding and Withdrawals
a. Funding. You may fund your Managed Portfolio directly from your Bamboo wallet using
available funds in your account. Bamboo will process these transactions and transfer your
funds to the Managed Portfolio Product as per the operational procedures defined in the
app.
b. Withdrawals. You can initiate a withdrawal from the Managed Portfolio at any time.
Withdrawals will be processed and credited back to your Payvestify wallet within two
(2)
business days, subject to the processing time of Xantos Labs. Funds withdrawn from the
Managed Portfolio Product will reflect in your wallet for further use or withdrawal out of
the Bamboo platform.
23.5 Fees and Charges
a. Management Fee. A 1% annual fee applies to all investments in the Managed Portfolio
Product, charged by Xantos Labs, LLC (the RIA). The management fee is prorated and
deducted monthly based on your portfolio balance. If you invest for less than a full
month, the management fee will be prorated according to the number of days your funds
were invested. You will be charged a 0.5% transaction fee for deposits into the Managed
Portfolio.
b. Transaction Fees. Payvestify may charge additional transaction fees for deposits or
withdrawals from the Managed Portfolio. These fees, if any, will be clearly displayed
before you complete any transaction.
c. Execution Price Disclaimer. Please be aware that the execution price at the time of
initiating a transaction or investment may differ from the actual execution price due to
market volatilities, fluctuations in asset prices, or other external factors. Bamboo cannot
guarantee that the price at the time of initiation will be the same as the final execution
price and will not be liable for any discrepancies resulting from such market changes.
23.6 No Investment Advice or Guarantees
Payvestify does not provide any investment advice or recommendations concerning the
Managed Portfolio Product. All decisions regarding the portfolio, including the purchase and
sale of securities, are made solely by Xantos Labs. Payvestify does not guarantee any specific
investment performance or return on your investment. You acknowledge that all investments
carry risk, and past performance does not guarantee future results.
23.7 Risk and Liability Disclaimer
a. Investment Risks. The Managed Portfolio Product is subject to the risks inherent in
equity investments, including market fluctuations, loss of capital, and other
investment-related risks. By investing, you accept full responsibility for any gains or losses
that may occur.
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b. Bamboo’s Limitation of Liability. Bamboo is not responsible for the performance of
the Managed Portfolio Product or for any decisions made by Xantos Labs. Bamboo’s
liability is strictly limited to facilitating access to the product and processing fund transfers
as described in these terms.
c. Xantos Labs’ Liability. Xantos Labs is solely responsible for the management of the
portfolio and any related outcomes. Users acknowledge that Bamboo shall not be held
liable for any actions, omissions, or decisions made by Xantos Labs that may affect the
value of your investments.
23.8 User Responsibilities
By using the Managed Portfolio Product, you acknowledge and agree that:
a. You are fully aware of the risks associated with equity investments and accept those risks.
b. You will not hold Bamboo liable for any loss or damage arising from the performance or
non-performance of the Managed Portfolio Product.
24. TIMELINES OF CONTENT.
All Content on Platform is presented only as of the date published or indicated, and may be
superseded by subsequent market events or for other reasons. In addition, you are responsible for
setting the cache settings on your browser to ensure you are receiving the most recent data.
25. EXTERNAL LINKS.
Company and/or the Third Party may provide links to other websites or resources. Because neither
Company or the Third Party have any control over such sites and resources, you acknowledge and
agree that neither Company nor the Third Party are responsible for the availability of such external
sites or resources. Company and the Third Party do not endorse and are not liable for any Content,
advertising, products, or other materials on or available through such sites or resources. You further
acknowledge and agree that neither Company nor the Third Party shall be responsible or liable,
directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with
use of or reliance on any such Content, goods or services available on or through any such site or
resource.
26. DISCLAIMER OF WARRANTIES.
COMPANY DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES ABOUT
PLATFORM, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON
INFRINGEMENT. PLATFORM IS MADE AVAILABLE TO YOU “AS IS” AND “AS
AVAILABLE” AND COMPANY DOES NOT WARRANT THAT ANY DEFECTS OR
INACCURACIES WILL BE CORRECTED.
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COMPANY DOES NOT WARRANT THAT PLATFORM WILL MEET YOUR NEEDS, OR
THAT THEY WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE.
COMPANY ALSO MAKES NO WARRANTY THAT THE RESULTS OBTAINED FROM THE
USE OF PLATFORM WILL BE ACCURATE OR RELIABLE, OR THAT THE QUALITY OF
ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR
OBTAINED BY YOU THROUGH PLATFORM WILL MEET YOUR EXPECTATIONS.27. LIMITATION OF LIABILITY
COMPANY AND THIRD PARTY WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT,
INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING,
BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME,
GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF COMPANY OR
ANY THIRD PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES), RESULTING FROM: (1) THE USE OF OR THE INABILITY TO USE THE
CONTENT OR THE SERVICE; (2) THE COST OF PROCUREMENT OF SUBSTITUTE
GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR
SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS
ENTERED INTO, THROUGH OR FROM THE SERVICE; (3) ACCESS TO OR ALTERATION
OF YOUR ACCOUNT, TRANSMISSIONS OR DATA DUE TO YOUR CONDUCT,
INACTION OR NEGLIGENCE; OR (4) ANY OTHER MATTER RELATING TO THE
CONTENT OR THE SERVICE.
COMPANY WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY
CONSEQUENTIAL, INCIDENTAL, SPECIAL, DIRECT, OR INDIRECT DAMAGES
(INCLUDING BUT NOT LIMITED TO LOST PROFITS, TRADING LOSSES OR DAMAGES
THAT RESULT FROM USE OR LOSS OF USE OF PLATFORM AND THIRD-PARTY
CONTENT, INCONVENIENCE OR DELAY). THIS IS TRUE EVEN IF COMPANY HAS
BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES.
COMPANY WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS
RESULTING FROM A CAUSE OVER WHICH SUCH COMPANY DOES NOT HAVE DIRECT
CONTROL. THIS INCLUDES FAILURE OF ELECTRONIC OR MECHANICAL
EQUIPMENT OR COMMUNICATIONS LINES (INCLUDING TELEPHONE, CABLE AND
INTERNET), UNAUTHORIZED ACCESS, VIRUSES, THEFT, OPERATOR ERRORS,
SEVERE OR EXTRAORDINARY WEATHER (INCLUDING FLOOD, EARTHQUAKE, OR
OTHER ACT OF GOD), FIRE, WAR, INSURRECTION, TERRORIST ACT, RIOT, LABOR
DISPUTE AND OTHER LABOR PROBLEMS, ACCIDENT, EMERGENCY OR ACTION OF
GOVERNMENT.
IF YOU LIVE IN A JURISDICTION THAT DOES NOT ALLOW THE LIMITATION OR
EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SOME
OR ALL OF THESE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.
28. PRIVACY POLICY AND OTHER DISCLOSURES AND STATEMENTS.
We are committed to protecting your privacy and security and have explained in detail the steps we
take to do so. We urge you to read our Privacy Policy, accessible from the Disclosures page on
https://investbamboo.com/legal. You also hereby agree that you have read and understand the
disclosures and statements on the Platform, including, without limitation, the Use and Risk
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Disclosures, Day Trading Risk Disclosure, Exchange-Traded Products Disclosures, Low-Priced
Securities Disclosure and Margin Disclosure Statement, each of which is accessible at
https://investbamboo.com/legal.
29. INDEMNIFICATION.
You will indemnify and hold harmless Company and Third Party , and the officers, directors, agents,
partners, employees, licensors, distributors, and representatives of Company and the Third Party, from
and against any and all claims, demands, actions, causes of action, suits, proceedings, losses, damages,
costs, and expenses, including reasonable attorneys’ fees, arising from or relating to your access
and/or use of, or interaction with the Content (including, without limitation, Third Party Content),
or any act, error, or omission of your use of your account or any user of your account, in connection
therewith, including, but not limited to, matters relating to incorrect, incomplete, or misleading
information; libel; invasion of privacy; infringement of a copyright, trade name, trademark, service
mark, or other intellectual property; any defective product or any injury or damage to person or
property caused by any products sold or otherwise distributed through or in connection with the
Service; or violation of any applicable law.
30. CHANGES TO PLATFORM.
Unless otherwise agreed, the Company may discontinue or modify Platform at any time without prior
notice to you, and you accept those modifications if you continue to use Platform.
31. TERMINATION.
You agree that, without notice, Company may terminate these Terms and Conditions, or suspend
your access to the Service or the Content, with or without cause at any time and effective
immediately. These Terms and Conditions will terminate immediately without notice from Company
if you, in Company’s sole discretion, fail to comply with any provision of these Terms and
Conditions. Company shall not be liable to you or any third party for the termination or suspension
of the Service or the Content, or any claims related to such termination or suspension.
32. SEVERABILITY.
If any provision of these Terms and Conditions is deemed unlawful, void or for any reason
unenforceable, then that provision will be deemed severable from these Terms and Conditions and
will not affect the validity and enforceability of the remaining provisions.
33. ASSIGNMENT.
The User may not assign or delegate these Terms or any of the terms or conditions hereunder,
directly, indirectly, or otherwise without the written consent of the other, and any such purported
assignment or delegation shall be void.
34. MISCELLANEOUS.
No provision of these Terms may be waived, modified or discharged unless such waiver, modification
or discharge is agreed to in writing signed by Indemnitee and the Company. No waiver by either party
hereto at any time of any breach by the other party hereto or compliance with any condition or
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provision of these Terms to be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or
representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have
been made by either party that are not set forth expressly in these Terms.
THE VALIDITY,
INTERPRETATION, CONSTRUCTION AND PERFORMANCE OF THIS AGREEMENT
SHALL BE GOVERNED BY THE LAWS OF DELAWARE.
35. GOVERNING LAW.
You agree that these Terms shall be governed by and interpreted in accordance with the laws of the
State of Delaware for US stocks and the Federal Republic of Nigeria, for securities listed on the
USD Exchange Group without giving effect to principles of conflicts of law. Any legal
action or proceeding arising under, concerning or relating to these Terms, or by reason of the fact of
your use of the Platform or the Account, shall be brought in the federal or state courts physically
located in New York no other court or tribunal shall have
jurisdiction, and you hereby irrevocably consent to the personal jurisdiction and venue therein.
35. CONTACT.
If you have any questions about these terms, please contact us: team@payvestify.com