Herconomy Limited (“Herconomy” “we” or “us”)is a pan African digital community built to inspire, connect and build the capacity of female young entrepreneurs and professionals with the aim of enabling the success of women in all spheres of life providing them with the necessary opportunities to thrive and make valuable contributions to their communities in Africa.
The savings module is a new module that will enable you to save daily, weekly, monthly, or in perpetuity with Herconomy. You can now save to meet your financial goals and personal targets while you earn high-interest.
These terms are applicable when you choose to sign up on the Herconomy website/application and your application is successfully processed.
In order to use the Services, you must:
(b) Register with us on the Website/App;
(c) Be a Nigerian citizen (or a legal Nigerian resident) of Non Nigerian Citizen of at least 18 years of age (or older if you
reside in a state where the majority age is older);
(d) Have a Bank Account with a Nigerian financial institution; and
(e) Provide all information requested by us, such as your name, email address, mobile device
number, online credentials for your Bank Account, and such other information as we may
request from time to time (collectively, “User Information”).
For our compliance purposes and in order to provide the Services to you, you hereby authorize
Us to, directly or through a third party, obtain, verify, and record information and documentation
that helps us verify your identity and Bank Account information. When you register for the
Services and from time to time thereafter, we may require you to provide and/or confirm
information and documentation that will allow us to identify you.
For purposes of such authorization, you hereby grant Herconomy and our third-party service providers a limited power of attorney, and you hereby appoint Herconomy and our third-party service providers as your true and lawful attorneys for you and in your name, place, and stead, in any and all capacities, to access third-party websites, servers, and documents; retrieve information; and use your User Information, all as described above.
By creating a User Account, you automatically sign up for various types of alerts via e-mail and mobile notification. We never include your password in these communications, but we may include your name, or email address and information about your portfolio(s) if you are a User. Anyone with access to your e-mail or mobile device will be able to view these alerts. You may unsubscribe from marketing-oriented emails at any time.
All information and documents obtained by Herconomy or its employees, consultants or agents which are not published or otherwise publicly available shall be kept confidential and not disclosed to third parties or the public. This restriction shall not apply to any information disclosed to legal advisers, or to a third party to the extent that this is required, by any court of competent jurisdiction, or by a governmental or regulatory authority in Nigeria. This provision shall survive the termination of these Terms or the Services.
Herconomy is not a financial adviser, and the Services are not intended to provide financial advice. Your financial situation is unique. We are not responsible for ensuring your debit card has sufficient funds for your needs, purposes, or transactions. We do not make any representations, warranties, or guarantees of any kind that the Services are appropriate for you. Before using the Services, you should consider obtaining additional information and advice from a financial adviser.
Withdrawing all or part of your savings is completely FREE of charge, however, you agree that you will be charged a 2.5% penalty fee if you withdraw your Fixed Wallet plan outside any of the FREE withdrawal dates published on Herconomy’s website/app. Herconomy reserves the right to change fees for the Services in the future. We will notify you before charging a fee for the Services by delivering notice to you electronically, by posting such fee on the Website, or by any other method permitted by applicable law. If you continue using the Services after such notice, you must pay all applicable fees for the Services. You hereby acknowledge that may incur certain other charges imposed by third-party financial institutions. These additional costs may include, and are not limited to bank transfer fees, transfer taxes etc. You understand that these fees are not included in the fee that you pay to Herconomy.
You represent and warrant the following and shall promptly notify Herconomy if any of the following ceases to be true and accurate:
Where we discover that the representations above are untrue or inaccurate or that our platform is used to launder money or for any suspicious transactions, we have an obligation to report your activities to the relevant authorities without recourse to you.
To the fullest extent permitted by applicable law and except as otherwise expressly provided in these terms, you expressly 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 any and all conditions, representations, and warranties of any kind as to 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.
Without limiting the foregoing, we and our third-party service providers make no warranty that:
(a) the Services will meet your requirements;
(b) the Services will be uninterrupted, timely, secure, or error-free;
(c) the results that may be obtained from the use of the Services will be accurate or reliable;
(d) the quality of any products, services, information, or other material purchased or obtained by you through the Services will meet your expectations; or
(e) any errors in the Services will be corrected. No oral or written information or advice obtained by you from us or our third-party service providers through or from the services will create any warranty not expressly stated in these terms.
Any material downloaded or otherwise obtained through the services is done at your own discretion and risk, and you are solely responsible for any damage to your computer system or loss of data that results from the download of any such material.
To the fullest extent permitted by applicable law, you agree that Herconomy, its affiliates, and its and their respective employees, officers, directors, agents, and third-party service providers will not be liable to you or any third party for:
(a) the performance of the Services or the inability to use the services;
(b) any indirect, incidental, special, consequential, punitive, or exemplary damages, whether based in contract, tort, or otherwise, including, but not limited to, damages for loss of profits, goodwill, use, data, or other intangible losses, even if such persons have been advised of the possibility of such damages, which arise out of or are in any way connected with these terms or the services;
(c) any amount, in the aggregate, in excess of the greater of 5 Million Naira or the amount transferred from your debit card to your Herconomy account via the Services;
(d) any event beyond its reasonable control.
You hereby undertake to defend, indemnify and hold harmless Herconomy their directors, officers, employees, agents, successors or assigns from and against any and all claims, losses, damages, liabilities, costs and expenses (including but not limited to reasonable legal fees) while acting in accordance with these terms and that are not a direct result of a breach of the terms herein state, bad faith, negligence, and material violation of applicable laws.
Either of us can end this agreement at any time, subject to all relevant requirements being fulfilled. We may terminate or suspend your access to Herconomy, at any time with prior notice to you if your account is found to be fraudulent.
As a User, you undertake not to;
Upload, email, transmit, provide, or otherwise make available:
If any provision of this Agreement is found to be illegal, unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect.
You hereby authorize Herconomy to deliver notices required under this Term of Use by
(a) Herconomy via email (in each case to the address that you provide), or
(b) you via email to firstname.lastname@example.org or to such other addresses as Herconomy may specify in writing. The date of receipt shall be deemed the date on which such notice is transmitted.
You agree to notify Herconomy if you have any reason to believe your email address or account may have been compromised by any third party.
We may add to or terminate any of the Services or amend these Terms at any time, in our sole discretion, without providing notice to you, subject to applicable law. We reserve the right, subject to applicable law, to deliver to you any notice of changes to existing terms or the addition of new terms by posting an updated version of these Terms on the Website or delivering notice thereof to you electronically. You are free to decide whether or not to accept a revised version of these Terms, but accepting these Terms, as revised, is required for you to continue accessing or using the Services. If you do not agree to these Terms or any revised version of these Terms, your sole recourse is to terminate your access or use of the Services. Except as otherwise expressly stated by us, your access and use of the Services are subject to and constitute your acceptance of, the version of these Terms in effect at the time of your access or use.