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Terms of Service

The agreement behind every club.

What you can expect from us, what your club can expect from you, and how we handle fees, problems and changes.

01

Acceptance of terms

By accessing and using Money Club (“the Service”), you accept and agree to be bound by the terms and provisions of this agreement. If you do not agree to abide by them, please do not use this service.

Money Club is operated by Kurasika Labs (“we”, “us”, or “our”) and is part of the Safely ecosystem of financial services.

02

Service description

Money Club provides a platform for organising and managing rotating savings groups, also known as mukando, rounds, stokvels, tandas, susus or chit funds.

Key features

  • Group creation and member management
  • Contribution collection through members’ Safely wallets
  • Payout distribution to the member whose turn it is
  • Transaction tracking and reporting
  • Dispute resolution support

03

User responsibilities

Account security

  • Maintain the confidentiality of your account credentials
  • Notify us immediately of any unauthorised access
  • Provide accurate and up-to-date information

Financial commitments

  • Make contributions on time as agreed with your group
  • Honour all financial commitments to group members
  • Report any issues or disputes promptly

Prohibited activities

  • Fraudulent or deceptive practices
  • Money laundering or illegal financial activities
  • Harassment or abuse of other users
  • Violation of applicable laws and regulations

04

Fees and payments

Service fees

Money Club charges a small service fee to maintain the platform and ensure security. All fees are disclosed upfront and agreed upon before joining a group.

Payment processing

Payments are processed through secure, third-party payment processors, including Safely. Additional processing fees may apply as disclosed during transactions.

Refunds

Refunds are handled according to our refund policy and may be subject to group agreement and dispute resolution procedures.

05

Disclaimers and limitations

Service availability

We strive to maintain service availability but cannot guarantee uninterrupted access. Maintenance and updates may temporarily affect service.

Member relationships

Money Club facilitates group savings but does not guarantee the performance or reliability of individual group members.

Limitation of liability

Our liability is limited to the extent permitted by law. We are not responsible for losses due to member default, market conditions, or circumstances beyond our control.

06

Privacy and data

Your privacy is important to us. Our collection and use of personal information is governed by our Privacy Policy, which is incorporated into these Terms by reference.

By using Money Club, you consent to the collection, use, and sharing of your information as described in our Privacy Policy.

07

Changes and termination

Terms updates

We may update these Terms from time to time. Significant changes will be communicated via email or platform notifications.

Account termination

You may terminate your account at any time, subject to fulfilling existing group commitments. We reserve the right to terminate accounts for violations of these Terms.

Contact

For questions about these Terms, contact us at legal@kurasika.tech.