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Terms of use

Effective Date: May 7, 2025

Version: V1.1

Last Version: V1.0 – Jan 1, 2025

Entity: Klub Capital Technologies Limited (“KCTL”)

Regulated by: Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market (ADGM), Licence No. 220119

These Terms & Conditions (“Terms”) govern your access to and use of Klub Capital Technologies Limited’s private financing platform (the “Platform”) to apply for and receive working capital solutions. These Terms constitute a binding agreement between you (“Borrower”, “you”, “your”) and Klub Capital Technologies Limited (“KCTL”, “we”, “us”, or “our”).

By using the Platform or accepting any advance through the Platform, you acknowledge that you have read, understood, and agreed to be bound by these Terms in full. If you do not agree, you must not use the Platform.

1. Scope of Services and Product Offerings

KCTL operates a private financing technology platform that enables Borrowers in the United Arab Emirates to access financing products offered through regulated third-party financiers (referred to as “Capital Partners”) via the Capital Partner Platform (“CPP”). These Products include, but are not limited to:

  • Instant Settlement Advances, which allow you to access a portion of your weekly e-commerce settlements in advance;
  • Term Loan Facilities, which offer a fixed lump-sum loan repayable in monthly or scheduled instalments;
  • Revenue-Based Financing (RBF), in which you repay a pre-agreed amount through a fixed percentage of your daily or weekly sales;
  • Invoice Discounting, where you receive an advance against outstanding business-to-business invoices, repaid when your customer pays.

You are permitted to obtain credit through one or more of these Products, provided you meet the eligibility requirements and submit the required documentation specific to each Product and Capital Partner.

2. Eligibility and Registration Requirements

In order to access any financing Product on the Platform, you must satisfy all of the following eligibility criteria:

  • You must be a legally registered body corporate business in the UAE and a UAE resident individual aged 21 years or older running the business.
  • You must possess and provide supporting documentation including, but not limited to: Emirates ID (for individuals), valid Trade Licence (for companies), MOA and/or AOA, VAT registration certificate (if applicable), Beneficial holders and a UAE-based operational bank account in your business’s name.
  • You must complete all onboarding and Know-Your-Customer (KYC) requirements as prescribed by KCTL in line with FSRA regulations. This may include document verification, sanctions screening, beneficial ownership disclosure, and any additional background checks deemed necessary.
  • You acknowledge that eligibility for each Product may vary depending on the financing type and the specific Capital Partner offering the Product, and therefore, additional documentation may be requested at any time.
  • KCTL reserves the right to approve, reject, suspend, or revoke your registration and Platform access at its sole discretion and without obligation to provide reason, where permitted by applicable laws.

3. Application and Drawdown Process

  • You will be required to select a specific Product and input the requested drawdown amount. The amount requested must be within the approved limit visible on your dashboard or communicated by KCTL or the Capital Partner.
  • Based on your selection, one or more Capital Partners may present indicative offers. These offers will clearly state the eligible financial proposal with profit rate, tenor, processing fees, repayment schedule, and any other charges.
  • You will be presented with a pre-contract summary for review. This summary will contain all economic and legal terms of the advance. You must confirm your understanding and consent before proceeding.
  • Upon confirmation and subject to Capital Partner approval, your requested funds will be disbursed into your designated bank account within timelines appropriate to the Product (usually within 24 hours for Instant Settlement and Invoice Discounting, and 3–5 business days for Term Loans and RBF).
  • Each drawdown you confirm shall constitute a binding and separate financing agreement between you and the Capital Partner.

4. Repayment Structure and Failure to Repay

Repayment obligations are defined within each Product contract and may include, without limitation:

  • Automated set-off from your future sales proceeds (e.g., weekly e-commerce settlements or customer payments).
  • Fixed scheduled instalments (monthly or otherwise) directly debited from your bank account.
  • Daily/weekly revenue-based debits, where repayment is a fixed percentage of incoming funds.

In the event that your account balance or linked settlement is insufficient to cover the full repayment amount:

  • You will receive an automated notice specifying the shortfall.
  • You will be provided a grace period of up to three (3) business days to resolve the shortfall via manual bank transfer or any alternate method directed by Capital Partner.
  • Late payment fees or penalties may apply after the grace period. These charges will be capped in accordance with FSRA Conduct of Business rules and will be disclosed to you prior to drawdown.
  • Failure to repay as agreed may result in:
    • Negative impact on your internal risk score;
    • Suspension of further financing access;
    • Reporting to credit bureaus or regulators (if mandated);
    • Commencement of legal proceedings or assignment of debt to a collections partner.

5. Obligations of the Borrower

  • You shall provide accurate, complete, and up-to-date information at all times and notify KCTL of any material changes (e.g. bank details, business closure, loss of income).
  • You shall use the financing only for lawful business purposes, such as purchasing inventory, paying salaries, or funding marketing and operations. Personal or speculative use is strictly prohibited.
  • You shall not engage in any activity designed to manipulate, withhold, or misrepresent sales data, invoice authenticity, or linked settlement information.
  • You shall maintain confidentiality and security of your login credentials and promptly report any suspicious or unauthorized activity.
  • You shall cooperate fully with KCTL and the Capital Partner in submitting requested documents, responding to queries, or participating in periodic audits or follow-ups.

6. Documentation and Capital Partner Requirements

  • Capital Partners may have individual credit assessment criteria, document checklists, or policies which differ by Product and partner.
  • You understand and agree that additional documentation may be required to access certain Products, including but not limited to: financial statements, management accounts, cash flow projections, customer contracts or invoices, trade references, and compliance declarations.
  • These documents may be requested by the capital partner via the platform or through other permissible channels, in accordance with applicable regulations and in a fair and transparent manner.
  • Failure to submit requested documents in a timely and accurate manner may result in rejection or withdrawal of your application.

7. Regulatory Disclosure and FSRA Compliance

  • KCTL is licensed and regulated by the FSRA under the Financial Services Permission (FSP) granted within the ADGM jurisdiction.
  • All client funds are held in segregated bank accounts in accordance with FSRA Conduct of Business Rulebook requirements.
  • KCTL complies with FSRA Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) obligations and may share your data with regulators and law enforcement authorities if legally required.
  • KCTL shall provide disclosures, statements and product terms in clear, fair and non-misleading formats as mandated by the FSRA.
  • You consent to KCTL sharing your application, transaction and risk profile information with FSRA as part of its periodic audits or special investigations, where required.

8. Termination and Platform Suspension

  • You may close your account and cease use of the Platform by notifying KCTL in writing, provided you have no outstanding dues or unresolved obligations. Upon verification, your account will be marked inactive.
  • KCTL reserves the right to suspend or terminate your access immediately without prior notice under the following circumstances:
    • Violation of these Terms;
    • Fraudulent behaviour or data falsification;
    • Repeated repayment defaults;
    • Instruction from FSRA or other competent authority.
  • In all cases, you remain liable for all outstanding amounts and related obligations.

9. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the Abu Dhabi Global Market (ADGM). Any dispute, claim or controversy arising from or relating to the use of the Platform or any Product shall be resolved by arbitration under the ADGM Arbitration Regulations, with the seat of arbitration in Abu Dhabi.

Each party waives any objection to such venue or jurisdiction and agrees to bear its own costs, unless otherwise determined by the arbitrator.

10. Customer Support and Complaints

For questions, support, or dispute resolution, you may contact us at:

If your issue is not resolved within ten (10) business days, you may escalate it to:

FSRA Customer Protection Unit via https://www.adgm.com

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