Terms & Conditions
By using Pennyvest, you agree to these terms.
1. Introduction
Welcome to Pennyvest ("we", "our", "us").
These terms and conditions govern your use of the Pennyvest platform, mobile application, website, and all related services.
By creating an account with Pennyvest, you acknowledge that you have read, understood, and agree to be bound by these Terms.
If you do not agree with these terms, you must not use our services.
1.1 What These Terms Cover
These Terms explain:
- Who can use Pennyvest
- What products and services we offer
- Your rights and responsibilities as a user
- Our rights and responsibilities as a platform
- How disputes are resolved
- The risks involved in investing
Please read these Terms carefully. If you have questions, contact us at contact@pennyvest.io
2. Eligibility
To use Pennyvest, you must meet the following requirements:
2.1 Age Requirement
You must be at least 18 years old. Pennyvest is not available to minors under any circumstances.
2.2 Legal Capacity
You must be legally able to enter into binding contracts under the laws of your jurisdiction. This means:
2.2.1 You are not under any legal disability that prevents you from contracting
2.2.2 You have the mental capacity to understand and agree to these Terms
2.2.3 You are not prohibited by law from using financial services
2.3 Accurate Information
You must provide accurate, current, and complete personal and financial information during registration and at all times while using our services.
This includes:
2.3.1 Your legal name (as it appears on your government-issued ID)
2.3.2 Valid email address and phone number
2.3.3 Correct Bank Verification Number (BVN)
2.3.4 Accurate bank account details
2.3.5 Truthful employment and income information (for PennyBoost)
2.4 Consequences of False Information
We reserve the right to suspend or permanently terminate accounts that provide false, misleading, or incomplete information.
Providing false information may also:
2.4.1 Prevent you from withdrawing your funds until identity is verified
2.4.2 Result in reporting to regulatory authorities
2.4.3 Lead to legal action for fraud
2.4.4 Disqualify you from future use of Pennyvest services
2.5 Geographic Restrictions
Pennyvest is currently available only to residents of Nigeria. You must:
2.5.1 Be a Nigerian citizen or legal resident
2.5.2 Have a valid Nigerian Bank Verification Number (BVN)
2.5.3 Maintain a Nigerian bank account
We may extend to other countries in the future. We will notify users when this happens.
3. Pennyvest Products
Pennyvest provides access to the following financial products. Each product has different features, risks, and terms:
3.1 PennySafe (Capital Preservation Pool)
PennySafe is a low-risk savings and capital preservation product designed to protect your funds while earning modest returns.
3.2 PennyGrow (Unified Investment Pools)
PennyGrow offers opportunities to invest in diversified portfolios across various asset classes for long-term growth.
3.3 PennyFlex (Flexible Wallet)
PennyFlex is your transactional wallet within Pennyvest, offering flexibility and accessibility for your daily needs.
3.4 PennyBoost (Salary Advance / Short-term Cash Support)
PennyBoost provides short-term liquidity solutions for verified users, subject to eligibility criteria and repayment terms.
3.5 Important Product Principles
All products are governed by specific guidelines ensuring transparency, security, and alignment with regulatory standards.
Important
Pennyvest is managed by Invest-Trust Asset Management Limited (SEC-registered). You make all investment decisions. Returns are not guaranteed. Capital is at risk.
Questions? support@pennyvest.io