Terms of Service

Lucred is a fintech platform that provides users with virtual and physical prepaid/credit cards powered by the Sudo Africa infrastructure. The Service enables users to spend on credit, manage repayments, track transactions, and interact with their card wallets — including repayment via Celo blockchain stablecoins through MiniPay.

Lucred is not a licensed bank. Card issuance and associated banking services are provided by our regulated partner institutions. Lucred acts as the technology and credit-management layer.

To use the Service you must:

• Be at least 18 years of age.
• Be a resident of a jurisdiction where Lucred services are legally available.
• Provide accurate, complete, and current information during registration and keep it updated.
• Not be barred from receiving services under applicable laws.

We reserve the right to refuse service, close accounts, or restrict access at our discretion if eligibility requirements are not met.

You are responsible for maintaining the confidentiality of your login credentials and for all activities that occur under your account. You must notify us immediately at support@lucred.co if you suspect any unauthorized use of your account.

We will never ask for your password or card PIN via email, SMS, or phone. Do not share these with anyone.

Lucred issues virtual and physical cards subject to credit assessment, tier eligibility, and identity verification. By applying for a card you acknowledge:

• Virtual cards are for online and contactless transactions and are available immediately upon approval.
• Physical cards are delivered to your registered address and may take 5–10 business days.
• Cards are subject to spending limits (daily, weekly, monthly) that may change based on your performance score.
• Lucred reserves the right to freeze, block, or terminate cards that are misused or associated with fraudulent activity.

Lucred extends credit for card transactions. You agree to repay all amounts spent, along with applicable fees and interest, within the grace period displayed in your dashboard.

• Grace period: A defined window after each transaction during which repayment incurs no interest. Grace period length varies by card tier.
• Interest: If repayment is not made within the grace period, interest accrues daily at the rate disclosed at card issuance.
• Fees: Transaction fees (swipe fees), subscription fees, and maintenance fees may apply as disclosed in the app.
• Repayment channels: Bank transfer to your assigned sub-account or stablecoin payment via MiniPay (USDC, USDT, USDm on the Celo network).

Failure to repay may result in reduced credit limits, account suspension, or reporting to credit bureaus as permitted by law.

All applicable fees are disclosed within the Service before any transaction is completed. Fee structures include but are not limited to:

• Card issuance and maintenance fees
• Transaction (swipe) fees
• Subscription fees (where applicable)
• Late repayment interest
• Foreign transaction fees (where applicable)

We reserve the right to update our fee structure with 30 days' notice. Continued use of the Service after the effective date constitutes acceptance of the updated fees.

You agree not to use the Service to:

• Conduct fraudulent, deceptive, or illegal transactions.
• Purchase goods or services that are illegal in your jurisdiction.
• Circumvent spending limits, fraud controls, or AML/KYC requirements.
• Use automated tools, bots, or scripts to interact with the platform without our written consent.
• Reverse-engineer, decompile, or attempt to extract source code from the Service.
• Impersonate another person or entity.

Violation of these restrictions may result in immediate account termination and legal action.

Lucred supports repayment via Celo network stablecoins through the MiniPay wallet. By using this feature you acknowledge:

• Blockchain transactions are irreversible once confirmed on-chain. Lucred is not responsible for funds sent to incorrect addresses.
• Exchange rates between stablecoins (USDC, USDT, USDm) and Nigerian Naira (NGN) are determined at the time of settlement and may fluctuate.
• Lucred is a separate entity from MiniPay and Celo. We are not affiliated with, endorsed by, or agents of these platforms.
• Network gas fees are your responsibility and are paid in the selected token.

All content, trademarks, logos, and software within the Service are the property of Lucred Technologies or its licensors. You are granted a limited, non-exclusive, non-transferable licence to access the Service for personal use only. Nothing in these Terms transfers any intellectual property rights to you.

Your use of the Service is also governed by our Privacy Policy, which is incorporated into these Terms by reference. By using the Service you consent to our collection and use of data as described therein.

The Service is provided "as is" and "as available" without warranties of any kind. To the maximum extent permitted by law, Lucred disclaims all implied warranties including fitness for a particular purpose, merchantability, and non-infringement.

Lucred shall not be liable for indirect, incidental, special, consequential, or punitive damages arising from your use of or inability to use the Service, including but not limited to loss of funds, data, or business opportunities.

Our total liability to you for any claim arising from the Service shall not exceed the total fees paid by you to Lucred in the 3 months preceding the claim.

You agree to indemnify and hold harmless Lucred, its officers, directors, employees, and partners from any claims, liabilities, damages, and expenses (including legal fees) arising from your use of the Service, violation of these Terms, or infringement of any third-party rights.

You may close your account at any time by contacting us at support@lucred.co. Outstanding balances must be settled before account closure.

We may suspend or terminate your account immediately if you breach these Terms, engage in fraudulent activity, or as required by applicable law.

These Terms are governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Any disputes shall first be attempted to be resolved through good-faith negotiation. If unresolved, disputes shall be submitted to binding arbitration in Lagos, Nigeria, under the Arbitration and Conciliation Act.

We reserve the right to update these Terms at any time. We will notify you of material changes via in-app notification or email at least 14 days before the changes take effect. Your continued use of the Service after the effective date constitutes your acceptance of the revised Terms.

If you have any questions about these Terms, please contact us:

• Email: legal@lucred.co
• Support: support@lucred.co