Privacy Policy

Last updated: May 15, 2025

1. Introduction

At FundAfrica.xyz ("we," "our," or "us"), we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our website and platform at fundafrica.xyz (collectively, the "Platform").

Please read this Privacy Policy carefully. By using our Platform, you consent to the practices described in this policy. If you do not agree with our policies and practices, please do not use our Platform.

2. Information We Collect

We collect several types of information from and about users of our Platform:

2.1 Personal Information

Depending on how you interact with our Platform, we may collect:

  • Identity Information: Full name, date of birth, nationality, photographs, signature, government-issued identification
  • Contact Information: Email address, telephone number, mailing address
  • Financial Information: Bank account details, payment card details, transaction history
  • Professional Information: Job title, company name, business details, qualifications
  • KYC Information: Information collected during our Know Your Customer verification process
  • Biometric Information: In some cases, biometric data for identity verification purposes (with explicit consent)

2.2 Non-Personal Information

We also collect:

  • Usage Data: Information about how you interact with our Platform, including pages visited, features used, and time spent
  • Device Information: IP address, browser type, device type, operating system, and other technical information
  • Cookies and Similar Technologies: Information collected through cookies and similar tracking technologies

3. How We Collect Information

We collect information in the following ways:

  • Direct Collection: Information you provide when creating an account, completing KYC verification, setting up a project, making an investment, or communicating with us
  • Automated Collection: Information collected automatically through cookies and similar technologies when you use our Platform
  • Third-Party Sources: Information from KYC/AML service providers, identity verification services, financial institutions, and other trusted partners
  • Blockchain Transactions: Public blockchain transaction data related to your activities on the Platform

4. How We Use Your Information

We use your information for the following purposes:

4.1 Provide and Maintain the Platform

  • Create and manage your account
  • Process transactions and investments
  • Connect entrepreneurs with investors
  • Verify identity and prevent fraud
  • Provide customer support and respond to inquiries

4.2 Improve and Develop

  • Analyze usage patterns to enhance user experience
  • Develop new features and services
  • Debug and fix issues
  • Conduct research and analysis

4.3 Communicate

  • Send administrative notifications
  • Provide updates about your account or investments
  • Deliver marketing communications (with consent)
  • Inform you about relevant opportunities

4.4 Ensure Security and Compliance

  • Protect against fraud and unauthorized access
  • Verify identity through KYC processes
  • Comply with legal obligations and regulatory requirements
  • Enforce our Terms of Service

5. Information Sharing and Disclosure

We may share your information with the following parties:

5.1 With Your Consent

We share information when you direct us to do so, such as when connecting entrepreneurs with investors.

5.2 Service Providers

Third-party vendors who perform services on our behalf, such as KYC verification providers, payment processors, and cloud hosting services. These providers have access to your information only to perform these tasks and are obligated to protect your information.

5.3 Legal Requirements

We may disclose information if required by law, regulation, legal process, or governmental request, or to protect our rights, property, or safety, or the rights, property, or safety of others.

5.4 Business Transfers

In connection with a merger, acquisition, reorganization, or sale of assets, your information may be transferred as a business asset.

5.5 Public Blockchain Data

Transaction information processed through blockchain technology is publicly visible by design. While we do not directly publish your personal information on the blockchain, transaction hashes and wallet addresses are public.

6. Data Security

We implement appropriate technical and organizational measures to protect your personal information from unauthorized access, alteration, disclosure, or destruction. These measures include:

  • Encryption of sensitive data
  • Regular security assessments and penetration testing
  • Access controls and authentication procedures
  • Secure data storage practices
  • Employee training on data protection

However, no method of transmission over the Internet or electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.

7. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required or permitted by law. This typically includes:

  • The duration of your account on our Platform
  • The period necessary to complete transactions and investments
  • The time required to comply with legal and regulatory obligations
  • The period needed to resolve disputes and enforce our agreements

8. Your Rights and Choices

Depending on your location, you may have various rights regarding your personal information, including:

  • Access: Request access to your personal information
  • Correction: Request that we correct inaccurate information
  • Deletion: Request that we delete your information in certain circumstances
  • Restriction: Request that we restrict processing of your information
  • Portability: Request a copy of your information in a structured, machine-readable format
  • Objection: Object to our processing of your information
  • Withdraw Consent: Withdraw consent where processing is based on consent

To exercise these rights, please contact us at privacy@fundafrica.xyz. We will respond to your request within the timeframe required by applicable law.

9. Children's Privacy

Our Platform is not intended for children under the age of 18. We do not knowingly collect personal information from children. If you are a parent or guardian and believe we have collected information from a child under 18, please contact us, and we will promptly delete such information.

10. International Data Transfers

We operate globally and may transfer your information to countries other than your country of residence, including to servers located in various African countries, the European Union, and the United States. These countries may have different data protection laws than your country.

When we transfer personal information internationally, we implement appropriate safeguards in accordance with applicable law, such as standard contractual clauses, to ensure your information is adequately protected.

11. Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. When we make changes, we will update the "Last updated" date at the top of this policy and notify you through the Platform or by email.

We encourage you to review this Privacy Policy periodically to stay informed about our information practices.

12. Contact Information

If you have any questions, concerns, or requests regarding this Privacy Policy or our privacy practices, please contact our Data Protection Officer at:

privacy@fundafrica.xyz
FundAfrica Ltd.
Kilimani Business Center
Nairobi, Kenya

We will respond to your inquiry as soon as possible and within the timeframe required by applicable law.