1. INTRODUCTION
1.1 These Terms and Conditions ("Agreement") govern the use of the
services provided by Fincobox ("Company," "We," "Us," "Our") to
merchants, clients, and users ("You," "Your," "User," "Merchant").
1.2 By accessing and using Our platform and services, You agree to
be bound by these Terms and Conditions. If You do not agree, You
must not use Our services.
2. DEFINITIONS
- Platform: API-integrated lending platform
operated by Fincobox.
- Merchant: Any individual or entity utilizing
Fincobox’s lending services for business financing.
- Invoice Discounting: Short-term credit facilities
offered against invoices.
- Aggregator Platforms: Includes but is not limited
to Amazon and other e-commerce platforms.
- Loan Amount: Funds provided to Merchants
post-risk assessment.
3. SERVICES PROVIDED
3.1 Fincobox provides invoice-based financing and short-term credit
facilities to online merchants based on business performance and
risk assessment.
3.2 The Platform assesses financial data, including order history,
revenue, and customer reviews, to determine credit eligibility.
3.3 Funds are disbursed after the deduction of applicable fees and
charges, as agreed upon at the time of transaction.
4. ELIGIBILITY CRITERIA
4.1 To qualify for financing, You must:
-
Be a legally registered business or an authorized seller on an
aggregator platform.
- Provide accurate business financial information.
-
Accept Fincobox’s risk assessment methodology and decision-making
process.
5. REPAYMENT TERMS
-
Repayment periods are generally within 30-60 days from the
disbursement date.
-
Repayments will be automatically deducted from the Merchant’s
aggregator platform account or through other agreed payment
methods.
-
Non-payment may result in additional charges, penalties, or legal
actions as per applicable laws.
6. FEES AND CHARGES
- Service fees deducted from the loan amount.
- Late payment penalties in case of default.
- Other administrative charges as per the prevailing rates.
7. RISK ASSESSMENT AND DATA USAGE
7.1 Fincobox utilizes alternative data sources, including open
banking and blockchain-based methodologies, to assess credit risk.
7.2 The Merchant consents to the collection, processing, and sharing
of relevant financial data for risk assessment, loan approval, and
regulatory compliance.
8. LIABILITY AND INDEMNIFICATION
-
The Merchant acknowledges that financing decisions are at
Fincobox’s sole discretion and shall not hold Fincobox liable for
financial losses.
-
The Merchant agrees to indemnify and hold harmless Fincobox from
any claims, damages, or liabilities arising from misuse of funds
or breach of this Agreement.
9. TERMINATION AND DEFAULT
-
Fincobox may terminate this Agreement if the Merchant provides
false information, defaults on payment, or engages in fraudulent
activities.
-
Upon termination, any outstanding amounts shall become immediately
due and payable.
10. CONFIDENTIALITY AND DATA PROTECTION
-
Fincobox shall maintain the confidentiality of all Merchant data
and disclose information only as required by law.
-
Merchants shall not disclose proprietary or confidential
information obtained from Fincobox without prior written consent.
11. GOVERNING LAW AND DISPUTE RESOLUTION
-
This Agreement is governed by the laws of the jurisdiction where
Fincobox operates.
-
Disputes shall first be resolved through good-faith negotiations.
If unresolved, arbitration will follow as per prevailing laws.
-
If arbitration does not resolve the dispute, the parties shall
seek legal recourse through the courts of Dubai.
12. MISCELLANEOUS
-
No waiver of any provision in this Agreement shall be deemed a
further waiver of the same provision.
-
If any provision is found invalid, the remaining provisions shall
continue in effect.
-
Fincobox reserves the right to modify these Terms at any time,
effective upon notice to the Merchant.
13. ACCEPTANCE OF TERMS
By using Our services, You acknowledge that You have read,
understood, and agreed to these Terms and Conditions.
© 2025 Fincobox.com. All rights reserved.