Terms and Conditions
These terms govern your use of the Crowdveste platform and establish the legal framework for both equity-based and social cause crowdfunding activities within our SEC-authorized pilot program.
SEC
Authorized
12-Month
Pilot Program
Dual
Platform
1. Regulatory Authorization
SEC Authorization
Crowdveste is regulated by the Securities and Exchange Commission of Zambia under a 12-month pilot program.
Dual Platform Model
Our authorization permits both equity-based crowdfunding and social cause crowdfunding within Zambia.
Legal Compliance
We operate in accordance with all applicable laws, SEC regulations, and pilot authorization terms.
2. Definitions
3. Eligibility
Age Requirement
Investors must be at least 18 years of age and legally capable of entering into binding contracts.
Entity Registration
Fundraisers must be duly registered entities or individuals that meet SEC eligibility requirements.
KYC/AML Compliance
All users must comply with Know Your Customer and Anti-Money Laundering checks as required by law.
4. Equity-Based Crowdfunding
4.1 Investors in equity campaigns acquire securities (shares or preferential shares) in the investee company.
4.2 All equity offerings will be subject to disclosure requirements, including business plans, financial statements, risk disclosures, and investment terms.
4.3 Investors acknowledge that equity investments are illiquid, high-risk, and may result in partial or total loss of invested capital.
4.4 Equity securities acquired may be subject to restrictions on transfer or resale under applicable securities laws.
4.5 Dividends or returns are not guaranteed and depend on the performance of the underlying business.
5. Social Cause Crowdfunding
Donation Model
transactions to social cause campaigns are donations or sponsorships without any financial return or ownership rights.
Disclosure Requirements
Fundraisers must disclose the intended use of funds and provide periodic updates on project progress.
No Guarantees
Crowdveste does not guarantee the completion or success of any social project. transactions are made at donor's sole discretion and risk.
6. Platform Role and Limitations
6.1 Crowdveste acts only as a facilitator and does not provide investment advice, financial guarantees, or endorsements of any campaign.
6.2 Crowdveste does not verify the accuracy of all information submitted by fundraisers but will require minimum disclosure compliance as per SEC rules.
6.3 All investment decisions are the sole responsibility of the investor.
7. Risk Disclosures & Disclaimers
Important Risk Warning
Investing in securities involves significant risk. Past performance is not indicative of future results. Investors should be prepared to bear the risk of loss, including the potential loss of their entire investment.
7.3 Investments in equity crowdfunding are generally illiquid, and resale opportunities may be limited or non-existent.
7.4 Crowdveste and its affiliates accept no liability for investment losses, fraud by fundraisers, or failure of projects listed on the Platform.
7.5 Users are encouraged to seek independent financial, tax, or legal advice before investing.
8. Fees and Charges
8.1 Crowdveste may charge fees to fundraisers for hosting campaigns and/or a percentage of funds raised.
8.2 Fees will be disclosed prior to the launch of each campaign.
9. Investor Protection & Governance
Disclosure Standards
All campaigns must comply with disclosure standards and governance requirements as per SEC's pilot program.
Complaints Handling
Crowdveste maintains a complaints handling mechanism to address user concerns.
Escrow Protection
Escrow accounts ensure proper handling of investor funds until campaigns reach their funding thresholds.
10. Data Protection & Privacy
10.1 Crowdveste will collect and process personal information in line with applicable data protection laws.
10.2 Users consent to the use of their data for compliance, reporting, and operational purposes.
Privacy Policy
For detailed information about how we handle your data, please review our Privacy Policy.
11. Termination & Suspension
11.1 Crowdveste reserves the right to suspend or terminate any user account for breach of these Terms, regulatory non-compliance, or misuse of the Platform.
11.2 Campaigns may be suspended if they fail to comply with SEC requirements or disclosure standards.
12. Governing Law
These Terms shall be governed by and construed in accordance with the laws of Zambia. Any disputes shall be subject to the exclusive jurisdiction of the courts of Zambia.
13. Acknowledgement
By using Crowdveste, you acknowledge that you have read, understood, and agreed to these Terms, including all risk disclosures, disclaimers, and regulatory conditions under the SEC pilot program.
Questions About These Terms?
If you have any questions about these Terms and Conditions or need clarification about our regulatory framework, please contact our legal team.