Privacy Policy

1. Introduction

SomeMoney Nigeria Limited ("SomeMoney", "we", "us", or "our") is committed to protecting your privacy and personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our mobile application and services.

By using SomeMoney services, you agree to the collection and use of information in accordance with this policy. If you do not agree with our policies and practices, please do not use our services.

2. Information We Collect

2.1 Personal Information

We collect personal information that you provide to us, including:

• Full name, date of birth, and gender
• Phone number and email address
• Bank Verification Number (BVN)
• National Identity Number (NIN) or other government-issued ID
• Home and work addresses
• Employment information and income details
• Bank account information

2.2 Financial Information

To process your loan applications, we collect:

• Bank statements and transaction history
• Credit history and credit score information
• Loan repayment history
• Other financial documents required for credit assessment

2.3 Device and Usage Information

We automatically collect certain information when you use our app:

• Device type, operating system, and unique device identifiers
• IP address and location data
• App usage patterns and interactions
• SMS data (with your permission, for verification purposes only)
• Contact list (with your permission, for emergency contact verification)

3. How We Use Your Information

We use the collected information for the following purposes:

• Processing loan applications and credit assessments
• Verifying your identity and preventing fraud
• Communicating with you about your loan status and account
• Complying with legal and regulatory requirements
• Improving our services and user experience
• Sending promotional offers and updates (with your consent)
• Debt collection and recovery activities
• Analytics and research purposes

4. Information Sharing and Disclosure

We may share your information with:

4.1 Service Providers

Third-party service providers who perform services on our behalf, including payment processors, credit bureaus, identity verification services, and cloud storage providers.

4.2 Credit Reference Bureaus

We share your information with licensed credit reference bureaus in Nigeria for credit assessment and reporting purposes.

4.3 Legal Requirements

We may disclose your information when required by law, court order, or government regulation, or to protect our rights and comply with legal obligations.

4.4 Business Transfers

In the event of a merger, acquisition, or sale of assets, your information may be transferred to the acquiring entity.

5. Data Security

We implement industry-standard security measures to protect your information, including:

• SSL/TLS encryption for data transmission
• Secure data storage with encryption at rest
• Regular security audits and vulnerability assessments
• Access controls and authentication mechanisms
• Employee training on data protection and privacy

However, no method of transmission over the Internet or electronic storage is 100% secure. While we strive to protect your information, we cannot guarantee absolute security.

6. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, comply with legal obligations, resolve disputes, and enforce our agreements. After your account is closed, we may retain certain information as required by law or for legitimate business purposes.

7. Your Rights

Under Nigerian law, you have the following rights:

• Access: Request access to your personal information
• Correction: Request correction of inaccurate or incomplete information
• Deletion: Request deletion of your information (subject to legal requirements)
• Objection: Object to processing of your information for certain purposes
• Portability: Request transfer of your information to another service
• Withdraw Consent: Withdraw consent for processing at any time

To exercise these rights, please contact us at [email protected]

8. Third-Party Services

Our app may contain links to third-party websites or services. We are not responsible for the privacy practices of these third parties. We encourage you to read their privacy policies before providing any information.

9. Children's Privacy

Our services are not intended for individuals under the age of 18. We do not knowingly collect personal information from children. If you believe we have inadvertently collected information from a child, please contact us immediately.

10. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to enhance your experience, analyze usage patterns, and deliver personalized content. You can control cookie settings through your browser preferences.

11. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any material changes by posting the new policy on our app and website. Your continued use of our services after changes constitute acceptance of the updated policy.

12. Contact Us

If you have any questions or concerns about this Privacy Policy or our privacy practices, please contact us: