Terms of Use

Habaqa is a free platform where business owners run their business and can seek investment, and where approved investors find businesses to back. By creating an account you agree to these terms: be truthful in your profile, treat what you learn here with care, and understand that we run the introductions, and any actual investment happens between you and the other party, under its own agreement. The details are below, in plain language.

These terms are an agreement between you and Promoat Investments Ltd (“we”, “us”, “our”), a company registered in Nigeria and the operator of Habaqa. If we rename the platform or move it to its own domain, these terms carry over unchanged. If you don’t agree with them, don’t use the platform. You can reach us at hello@habaqa.com.

• You need an account to use Habaqa, with a real name and an email address you control (confirmed before the platform opens up). You can also sign in with Google.
• Keep your password to yourself. What happens under your account is your responsibility, so tell us quickly if you think someone else got in.
• Habaqa is for people running or backing businesses. You must be at least 18.
• One account per person. Don’t create accounts for other people or businesses that aren’t yours to represent.

By creating an account you agree to receive emails from us. Some are part of running your account and stay on while you have one: confirming your address, resetting your password, and telling you about funding requests, grant applications, and decisions. We may also send occasional emails about Habaqa itself, such as new tools, tips, and offers. You can opt out of those any time by emailing hello@habaqa.com.

• Your profile is how investors evaluate you, so keep it truthful. That includes your revenue and cost bands, profitability, registration status, and CAC number. Honest “not yet” answers are fine; false answers are grounds for removal from the platform and from anything else we run.
• Every business profile is listed to approved investors. Investors see the story side of your profile (your name, one-liner, sector, location, founding year, team size, founders, who your customers are, where you sell, your photos and logo, and your About.
• The numbers stay locked until you say yes. Your financial bands, registration number, assets, loans, use of funds, and contact details are only shared with an investor after you accept that investor’s funding request. Accepting shares your full profile and contact details with that one investor; you can end their access later from your dashboard.
• Being featured on our website is your choice. You can ask us to feature your business on our public website; if our team publishes it, your business name, one-liner, sector, and location appear publicly until you withdraw the request from your overview page.
• A “Verified” badge means we checked registration details, not that we endorse the business. It is not investment advice and not a guarantee of anything.

• Investor access is granted at our discretion after you apply, needs a live subscription to stay open, and can be suspended if the platform is misused.
• What businesses share with you is for evaluating an investment, nothing else. Don’t republish it, share it outside your firm, use it to compete with the business, or contact owners for unrelated pitches. When an owner ends your access, stop using what was shared.
• Businesses choose whether to respond to your requests. No response, and no acceptance, is owed to anyone.
• You can ask us to feature your investor profile on our public website; if published, your name, firm, focus areas, and location appear publicly until you withdraw the request.

Nothing on Habaqa is an offer to sell or a solicitation to buy any security, and nothing on it is investment, legal, tax, or accounting advice. We introduce businesses and investors; we are not a party to, or broker of, whatever you agree with each other. Any investment or loan happens under its own separate written agreement between you and the other party, so do your own diligence, on both sides. Grants we run on Habaqa follow the Grants section below.

We run grants for small businesses on Habaqa. Each grant has its own page on Habaqa with the details that belong to it: who it’s for, what is awarded, the key dates, and how selection works. When you apply for a grant on Habaqa, you agree to this section and to the details on that grant’s page as they stand on the day you apply.

• Who can apply. You must be at least 18 and allowed to represent the business you apply with, and the business must meet the eligibility rules on the grant’s page. Our team members and their immediate families can’t win.
• One application per business per grant. A business can apply to as many different grants as it likes.
• Applying is free. You never pay anything, to anyone, to apply, be shortlisted, or win. If someone asks you for money in our name, it’s a scam, and we’d like to hear about it.
• Be truthful. Everything in your application must be true and complete to the best of your knowledge. We may check any of it, for example your CAC registration or your identity, or ask for documents before shortlisting, interviewing, or paying an award. False or misleading information is grounds for disqualification at any stage, including taking back an award already announced or paid, and for removal from Habaqa.
• Selection is our decision. Each grant follows the process described on its page. Winners are chosen at our sole discretion and our decisions are final. Applying doesn’t entitle you to a response, an interview, or an award, and we aren’t able to give individual feedback on unsuccessful applications.
• Awards. A grant is a gift: not a loan and not an investment. We take no equity and ask for no repayment. Awards are paid in naira by bank transfer into an account in the business’s or the applicant’s name. We don’t pay cash or substitute prizes, and any tax owed on an award is the awardee’s responsibility.
• Announcing winners. We may announce winners on our websites and channels: the business name, the owner’s first name, and a short description. If that’s a problem for you, tell us before accepting the award and we’ll work something out.
• If plans change. If something outside our control forces it, we may change a grant’s dates, or pause or cancel it, and we’ll say so on its page. We won’t take back an award already paid because of a change like that.
• Your application. Applications are stored in Habaqa and handled as described in our Privacy Policy. We’ll email you about your application, and you can follow where it stands from your business’s Grants tab.

A grant is a discretionary programme. It is not a lottery, raffle, or game of chance, not an offer of securities, and not investment, legal, or tax advice. To the fullest extent the law allows, our liability in connection with a grant is limited to paying announced awards to verified winners.

Applied for The Drawbridge Grant on promoatcapital.com? That application also follows the grant’s own terms, published on the grant page, and it shows up here so you can track it.

Businesses on Habaqa can apply to raise capital from Promoat Investments Ltd. Applying is free and promises nothing. Who can apply, what we look at, who sees an application, and how offers and term sheets work are set out in the Raise Capital Terms, which you agree to when you send an application.

Photos, logos, and text you add to Habaqa stay yours. You give us permission to store and display them to run the platform, including showing them to approved investors as described above. Upload only what you have the right to share, and nothing unlawful or misleading.

If you run a business here, the tools are free. That covers things like invoicing, customer records, bookkeeping, your store and your profile. We may add, change, or retire tools as the platform grows; where a tool has extra terms or fees, we’ll say so clearly before you use it, and we won’t start charging you for something you are already using without telling you first.

Collecting payments online costs 2.5%. If you use Habaqa to collect a payment from your customer, we charge 2.5% of that payment, and the payment processor charges its own fee on top. You see both before you switch online payments on, and on every payment afterwards. There is no Habaqa fee on a payment you receive by bank transfer and record yourself. If a payment is refunded, we return our 2.5% in full; the processor’s fee is usually not returned. We will tell you before we change this rate.

If you want investor access, that is paid. Applying is free. If we approve your application, access to the register is a subscription billed monthly in advance. You see the price before you pay, and we tell you before any price change applies to you.

You can cancel at any time from your account. Your access then runs to the end of the period you have already paid for and does not renew. We don’t refund part of a month, except where the law requires it or where we have ended your access for a reason that is not your fault. If a payment fails, access pauses until it goes through.

Payments are taken by a third-party payment processor. We never see or store your full card number. If something looks wrong on a charge, write to hello@habaqa.com and we will look at it.

Please don’t:

• Use Habaqa for anything unlawful.
• Try to break, overload, probe, or bypass its security, including the protections on our forms.
• Scrape or harvest data, or use automated tools to access the platform.
• Impersonate anyone, misrepresent a business, or submit information that isn’t yours to submit.

The platform’s design, text, and branding belong to us or our licensors. Your content stays yours; don’t use our name or branding to imply a relationship that doesn’t exist.

Habaqa relies on some third-party services, for example Google sign-in and Google reCAPTCHA. Those services have their own terms, and we’re not responsible for them.

Habaqa is provided “as is”. We work to keep it accurate, secure, and available, but we don’t guarantee it will be uninterrupted or error-free, and we don’t vouch for the businesses or investors on it. Decisions you make based on what you find here are your own.

To the fullest extent the law allows, we’re not liable for indirect, incidental, special, or consequential damages arising from your use of Habaqa, including lost profits, lost data, lost opportunities, or the outcome of any deal or introduction made through it. Where liability can’t be excluded, our total liability for claims connected to the platform is limited to the greater of what you paid us to use it (it’s free) or the minimum the applicable law allows. Nothing here excludes liability that can’t legally be excluded, such as for fraud.

If your breach of these terms, for example false profile information or misuse of another user’s data, causes claims or costs for us, you agree to cover the losses that result.

You can delete your account from your Account page any time. Your profile and businesses disappear from the platform immediately; for 30 days you can restore everything by signing back in, and after that your data is permanently erased (details in the Privacy Policy). We can suspend or remove accounts that break these terms, and delist businesses that mislead investors.

These terms are governed by the laws of the Federal Republic of Nigeria, and disputes will be handled by the courts of Lagos State. We’d rather resolve a problem by talking, so email us first.

We may update these terms as the platform evolves, including when it gets its permanent name. The date at the top always reflects the current version, and continuing to use the platform after a change means you accept the updated terms. If any part of these terms turns out to be unenforceable, the rest still stands.

Questions about these terms: hello@habaqa.com.