Privacy Policy | PeerCapital

Last Updated: May 5, 2025

1. Introduction

Welcome to PeerCapital. We respect your privacy and are committed to protecting your personal data. This privacy policy will inform you about how we look after your personal data when you visit our website and tell you about your privacy rights and how the law protects you.

2. Information We Collect

We collect several types of information from and about users of our platform, including:

Personal identifiers (name, email address, phone number)
Financial information (bank account details, transaction history)
Identity verification information (government ID, employment details)
Profile information (profile picture, biography)
Communication data (messages between users)
Technical data (IP address, browser type, device information)
Usage data (how you interact with our platform)

3. How We Use Your Information

We use your information for the following purposes:

To create and manage your account
To facilitate peer-to-peer lending transactions
To verify your identity and prevent fraud
To process payments and transfers
To enable communication between users
To provide customer support
To improve our platform and services
To send you notifications and updates
To comply with legal obligations

4. Data Sharing and Disclosure

We may share your information with:

Other users (as necessary for lending transactions)
Payment processors and financial institutions
Identity verification services
Service providers who help us operate our platform
Legal authorities when required by law
Business partners (only with your consent)

We do not sell your personal information to third parties.

5. Your Rights

Depending on your location, you may have the following rights regarding your data:

Right to access your personal data
Right to correct inaccurate data
Right to delete your data
Right to restrict processing
Right to data portability
Right to object to processing
Right to withdraw consent

To exercise these rights, please contact us using the details provided in the "Contact Us" section.

6. Data Security

We have implemented appropriate security measures to prevent your personal data from being accidentally lost, used, or accessed in an unauthorized way. We limit access to your personal data to employees, agents, contractors, and other third parties who have a business need to know. They will only process your personal data on our instructions, and they are subject to a duty of confidentiality.

We have procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.

7. Cookies and Tracking

We use cookies and similar tracking technologies to track activity on our platform and hold certain information. Cookies are files with a small amount of data which may include an anonymous unique identifier. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent.

We use the following types of cookies:

Essential cookies: Required for the operation of our platform
Analytical cookies: Allow us to recognize and count visitors and see how they move around our platform
Functionality cookies: Enable us to personalize your experience
Targeting cookies: Record your visit to our platform, the pages you have visited, and the links you have followed

8. Children's Privacy

Our platform is not intended for children under 18 years of age. We do not knowingly collect personal information from children under 18. If you are a parent or guardian and you are aware that your child has provided us with personal information, please contact us so that we can take necessary actions.

9. Changes to This Privacy Policy

We may update our privacy policy from time to time. We will notify you of any changes by posting the new privacy policy on this page and updating the "Last Updated" date. You are advised to review this privacy policy periodically for any changes.

10. Contact Us

If you have any questions about this privacy policy or our privacy practices, please contact us at:

Email: privacy@peercapital.com
Address: 123 Finance Street, Lagos, Nigeria

11. Legal Basis for Processing (for EU/EEA users)

If you are located in the EU or EEA, we collect and process your personal data on the following legal bases:

Performance of a contract when we provide you with our services
Legitimate interests for processing that is necessary for our business operations
Compliance with legal obligations
Your consent, where applicable

12. International Data Transfers

Your information may be transferred to and processed in countries other than the country in which you are resident. These countries may have data protection laws that are different from the laws of your country. We have taken appropriate safeguards to require that your personal information will remain protected in accordance with this privacy policy.

13. Data Retention

We will only retain your personal data for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements. To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorized use or disclosure of your personal data, the purposes for which we process your personal data, and the applicable legal requirements.