Last updated: September 2025
This Terms and Conditions of Use ("Terms" or "Agreement") is a legal agreement between you ("you", "your", "Client") and Obiex Africa Limited ("Obiex," "us," "our," "we").
These Terms shall apply when you sign up to use the free or paid version of the Obiex API Service (OAS). OAS allows you to: integrate and gain access to crypto and fiat APIs that enable you to perform various transactions, including buying, selling, and swapping digital assets, as well as supporting fiat rails for deposits and withdrawals where available. Additionally, you will have access to wallet services, which include—but are not limited to—wallet creation, management, and the ability to send and receive cryptocurrencies and supported fiat currencies seamlessly, and any other services as may be provided or updated from time to time (collectively referred to as "Services").
By signing up to use OAS and access the Services, you acknowledge that you have read, understood, and agree to be bound by this Agreement. You also agree to comply with all agreements, applicable laws, and regulations incorporated into these Terms. The provisions of this Agreement govern your use of OAS, access to our Services, and the business relationship between you and us.
We reserve the right to amend these Terms at any time and will notify you of any such changes by posting the revised terms on our website. All changes will be effective upon posting. You should check these Terms periodically for such changes. Your continued use of OAS and our Services after any such changes to these Terms constitutes your agreement to be bound by any changes. We may terminate, suspend, change, or restrict access to all or any part of OAS without notice or liability to you.
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have read, understood, and agree to be bound by these Terms, our
General Terms of Use , Privacy Policy , AML/CFT Policy ,
In addition to this Agreement, Obiex and the Client may agree on additional items as contained in an Order Form.
1. DEFINITIONS
For the purposes of this Agreement:
1.1. "Client Data" means all information, documentation, and data provided by the Client or its End-Users in connection with the Services.
1.2. "Confidential Information" means information defined under Clause 8 of this Agreement.
1.3. "End-User" means an individual customer or user of the Client’s products or services who indirectly accesses the Services through the Client’s integration with OAS.
1.4. "Order Form" means any ordering document executed between Obiex and the Client setting out subscription fees, term, usage limits, and other commercial details.
1.5. "OAS Documentation" means all technical documentation, guides, and instructions provided by Obiex in relation to the Services.
1.6. "Services" has the meaning given in the introductory section above.
2. VERIFICATION
2.1. The Client must provide valid and up-to-date business registration documents before accessing OAS. You agree that your business is legally recognised in the jurisdiction of operation.
2.2. As part of our legal and compliance obligations, you will be required through your authorised representatives to submit Know-Your-Customer (KYC) and Know-Your-Business (KYB) documentation, which may include, but is not limited to:
2.3. As part of our KYC/KYB process, we reserve the right to request additional documentation or information from you to verify your identity, business, or compliance with applicable laws and regulations. Failure to provide the requested information may result in a delay, suspension, or termination of your access to OAS and the Services
2.4. You are required to ensure that your End-Users also comply with applicable KYC requirements. Where End-User information is requested by Obiex to satisfy legal, regulatory, or risk obligations (including FATF Travel Rule requirements), you shall promptly provide such information to us.
2.5. We reserve the right to reject any application or terminate the Services in the event that initial or continuing KYC/KYB requirements are not met or if there is suspicion of illegal activity.
2.6. You are responsible for ensuring that all information provided to us, including during onboarding and in the course of using our Services, is accurate, complete, and up-to-date. If any of the information provided to us changes, you must notify us promptly and provide any necessary corrections. We reserve the right to verify any changes and request additional documentation to confirm their accuracy.
3. API ACCESS, USAGE, AND CHANGES TO THE SERVICES
3.1. Obiex grants the Client a non-exclusive, non-transferable, revocable license to use OAS during the term specified in the Order Form solely for business purposes, subject to compliance with these Terms.
3.2. The Client must comply with all usage limits as specified in the OAS Documentation, including rate limits, API call thresholds, and data usage. Exceeding these limits may result in temporary or permanent suspension of access.
3.3. The Client agrees not to engage in any of the following actions, nor allow any third party to do so:
3.4. We reserve the right, in our sole and absolute discretion, to modify, update, suspend, or discontinue OAS and the Services and OAS Documentation at any time, without prior notice.
3.5. Your continued access to and use of OAS and the Services following any changes constitutes acceptance of those changes.
4. FEES AND PAYMENT
4.1. The Client will be charged based on OAS usage, as detailed in the Order Form. Failure to make payments within the stipulated period may result in suspension of access to OAS until outstanding balances are settled.
5. ONGOING MONITORING
5.1. The Client agrees to cooperate with ongoing monitoring and periodic KYC updates as required by law.
5.2. Obiex may request additional documentation or updates as needed to comply with AML/CTF regulations, and the Client is required to provide these documents without undue delay.
5.3. In the event that we detect any suspicious or fraudulent activities, we reserve the right to suspend or terminate access without prior notice and report such activities to the relevant authorities.
5.4. The Client warrants that it has obtained all necessary consents from its End-Users for the sharing of personal data with Obiex for compliance, fraud detection, and monitoring purposes.
6. TRAVEL RULE COMPLIANCE
6.1. In line with the FATF Travel Rule and applicable national regulations, the Client agrees that when initiating or receiving virtual asset transfers through OAS, the following information shall be collected, retained, and transmitted as required:
6.2. The Client shall provide Obiex with accurate and complete Travel Rule information in a timely manner.
6.3. Obiex reserves the right to delay, reject, or block any transfer where Travel Rule data is incomplete, inaccurate, unverifiable, or where required by applicable regulations.
6.4. The Client shall be responsible for ensuring its End-Users have consented to the collection and sharing of such information for regulatory compliance purposes.
7. FORCE MAJEURE
7.1. Neither party shall be held liable for any failure or delay in performance due to causes beyond its reasonable control, including but not limited to acts of God, natural disasters, pandemics, strikes, governmental actions, wars, cyberattacks, or failures of internet or telecommunications services.
8. DISCLAIMER OF WARRANTIES
8.1. OAS and the Services are provided "as is" and "as available" without warranties of any kind, whether express or implied. Obiex expressly disclaims all implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. We do not warrant that the Services will be uninterrupted, error-free, secure, or free from viruses.
9. CONFIDENTIAL INFORMATION
9.1. Each party agrees to maintain the confidentiality of any non-public, confidential, or proprietary information disclosed during the course of this Agreement. Confidential Information shall not include information that is (i) publicly known, (ii) independently developed without use of the other party’s Confidential Information, or (iii) lawfully obtained from a third party.
10. INDEMNITY
10.1. The Client agrees to indemnify, defend, and hold harmless Obiex, its affiliates, directors, officers, employees, and agents from and against all claims, damages, liabilities, losses, costs, and expenses (including reasonable legal fees) arising from or related to:
11. LIMITATION OF LIABILITY
11.1. To the maximum extent permitted by law, Obiex shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, or goodwill. In no event shall Obiex’s total liability exceed the fees paid by the Client for the Services in the twelve (12) months preceding the claim.
12. SUSPENSION, TERMINATION, AND REFUNDS
12.1. Obiex may suspend or terminate access to OAS at its discretion where:
12.2. Fees paid are non-refundable except as may be expressly agreed in writing.
13. DEVICES
13.1. The Client is solely responsible for obtaining and maintaining all devices, equipment, and connections required to access and use OAS. Obiex shall not be responsible for any failure of such devices or connections.
14. DATA PROTECTION
14.1. Obiex shall process personal data in accordance with applicable data protection laws, including the Nigeria Data Protection Act (NDPA) and other relevant regulations in jurisdictions where Obiex operates.
14.2. The Client warrants that it has obtained necessary consents from End-Users for the sharing of their personal data with Obiex for compliance and service provision.
14.3. Obiex may process, store, and transfer Client Data outside the Client’s jurisdiction, subject to adequate safeguards.
15. FEEDBACK
15.1. You may provide suggestions, comments, or feedback regarding OAS. By doing so, you grant Obiex a perpetual, irrevocable, royalty-free license to use such feedback without restriction.
16. GENERAL PROVISIONS
16.1. This Agreement constitutes the entire agreement between the parties with respect to the subject matter.
16.2. No waiver of any provision shall be effective unless in writing and signed by both parties.
16.3. If any provision of this Agreement is held invalid, the remaining provisions shall remain in full force and effect.
16.4. The Client may not assign or transfer this Agreement without Obiex’s prior written consent.
17. APPLICABLE LAW AND DISPUTE RESOLUTION
17.1. This Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Any disputes shall be resolved through negotiation in good faith. If unresolved within thirty (30) days, disputes shall be referred to arbitration in Lagos, Nigeria, under the Arbitration and Conciliation Act, with proceedings conducted in English.
18. CONTACT
18.1. For questions about these Terms, please contact:
