These Terms of Service govern your use of Akiba, a WhatsApp-based daily savings platform operated by Klyntix Technologies. By registering and using Akiba you agree to be bound by these terms. Please read them carefully before using our service.
Akiba is a digital savings platform operated by Klyntix Technologies, a company registered under the Corporate Affairs Commission of Nigeria. Akiba allows users to save a fixed daily amount via WhatsApp and collect their savings at the end of a chosen cycle.
Akiba is not a bank and does not offer investment returns. We are a savings facilitation platform that helps Nigerians build financial discipline through automated daily reminders and secure payment processing.
To use Akiba you must:
By registering you confirm that you meet all eligibility requirements.
When you register on Akiba you agree to the following process:
Akiba charges a service fee equal to one day of your chosen daily savings amount per completed cycle. This is deducted from your total savings at payout.
Example: If you save ₦500 daily for 30 days, your total savings is ₦15,000. Our service fee is ₦500 (1 day). You collect ₦14,500.
There are no other fees for completing a full cycle. All fees are disclosed upfront during registration.
You may request to withdraw your savings before your cycle ends at any time. However an early withdrawal discipline fee applies.
The early withdrawal fee is communicated to you at the time of your withdrawal request. By proceeding with an early withdrawal you agree to the applicable fee.
Early withdrawal fees exist to encourage savings discipline and are disclosed transparently before any deduction is made.
Missing a savings day does not cancel your cycle. Your cycle continues and your total savings reflects only the days you paid.
We will remind you every day at 10:00 AM. If you miss a day no penalty is charged. However your end of cycle payout will reflect only what you actually saved.
At the end of your savings cycle we will:
Payouts are processed via Flutterwave to any Nigerian bank account. Payout timing may be affected by bank processing times. Akiba is not responsible for delays caused by your bank.
As an Akiba user you agree to:
Akiba and Klyntix Technologies shall not be liable for:
Our total liability to you shall not exceed the total amount of your savings held with us at any given time.
Klyntix Technologies reserves the right to terminate your Akiba account if:
In the event of termination any savings balance held will be returned to you after deducting applicable fees.
We may update these Terms of Service from time to time. When we make significant changes we will notify you via WhatsApp and update the date at the top of this page. Your continued use of Akiba constitutes acceptance of the updated terms.
These Terms of Service are governed by the laws of the Federal Republic of Nigeria. Any disputes arising from your use of Akiba shall be resolved under Nigerian law.
For any questions about these Terms of Service: