Effective Date: November 1, 2025
Last Updated: October 17, 2025
1. Introduction
These Terms of Use constitute a legally binding agreement between you and PeerPurse Technologies Limited governing your access to and use of the PeerPurse mobile application, website, and related digital services (the “Platform”). By creating an account or using the Platform, you agree to be bound by these Terms. If you do not agree, you must not use the Platform.
2. Definitions
• Account – Your personal profile for managing transactions • Investor – A user who provides funds to earn returns • Borrower – A user who receives loans through the Platform • Wallet – Your secure digital balance for deposits, withdrawals, and repayments • Transaction Cycle – The full lifecycle of a loan from disbursement to repayment • ROI – Returns ranging approximately between 3%–6% per cycle (not guaranteed)
3. Acceptance of Terms
You accept these Terms by registering, creating an account, funding your wallet, initiating an investment or loan, or continuing to use the Platform. Your continued use constitutes ongoing acceptance of any updates or amendments.
4. Eligibility
To use the Platform, you must: • Be at least 18 years old • Have legal capacity to enter binding agreements • Provide accurate and complete information • Not be restricted by any law or regulation from financial transactions
5. User Responsibilities
You agree to: • Use the Platform only for lawful purposes • Maintain confidentiality of your login credentials • Ensure all funds are legally owned • Comply with AML/CFT and regulatory requirements • Make independent borrowing or investment decisions
6. Investor & Borrower Risk Acknowledgment
Investors acknowledge that peer-to-peer lending involves risks, including borrower default and fluctuating returns. Borrowers agree to repay loans with applicable interest as agreed. PeerPurse acts solely as a facilitator and intermediary, not a bank, guarantor, or investment advisor.
7. Fees, Charges, and Taxes
PeerPurse may apply processing fees, service fees, or other charges which will be disclosed before transactions. By proceeding with any transaction, you authorize deductions directly from your Wallet or loan proceeds. Users are responsible for all applicable taxes.
8. Termination or Suspension
PeerPurse may suspend or terminate your account if you: • Violate these Terms • Provide false information • Engage in fraud or unlawful activity • Pose risks to platform integrity • Fail compliance or verification checks PeerPurse may freeze funds, cancel transactions, or notify authorities where required.
9. Account Closure by User
You may request account closure at any time, provided: • All loans or investments are settled • No disputes or investigations are pending • Wallet balances are withdrawn Certain records may be retained for legal compliance.
10. Intellectual Property
All software, trademarks, logos, content, and systems on the Platform are the exclusive property of PeerPurse Technologies Limited. You receive only a limited, non-transferable license to use the Platform. You may not copy, modify, reverse-engineer, distribute, or commercially exploit any part of the Platform without permission.
11. User Content & Feedback
By submitting feedback, reviews, or suggestions, you grant PeerPurse a royalty-free license to use such content for operational and marketing purposes. PeerPurse may remove any unlawful or inappropriate content.
12. Communications
You consent to receive notices electronically via email, SMS, or in-app notifications. Electronic communications satisfy legal writing requirements.
13. Privacy
Your personal data is processed in accordance with the PeerPurse Privacy Policy and applicable laws, including the Nigeria Data Protection Act (NDPA).
14. Reporting & Support
You may report suspicious or unethical activity by contacting: support@peerpurse.africa All reports are treated confidentially and investigated in good faith.
15. Updates to Terms
PeerPurse may amend these Terms at any time. Continued use of the Platform after updates constitutes acceptance of the revised Terms.