GetNorthwards (“GetNorthwards”, “GET“, “our”, “we” or “us” “the platform”, “our platform”) provide a financial platform for investors and investee (“users”) around the world. Investee’s seeking investment by publishing their ventures and Investors willing to and interested in the ventures publicised. Please read our Terms of Service so you understand how to appropriately use GetNorthwards. You agree to our terms of Service by creating an account , installing, accessing or using our apps, services, features, software, or website, portal, engaging in transactions, published and or listed ventures ( together, “Services”).
Registration. You must register for our Services using accurate data, provide your current mobile phone number and email. You agree to receive text, email and phone calls (from us or our third-party providers) with codes to register for our Services.
Age. To use our services under applicable law , you must be old enough to have authority to agree to our Terms in your country, or else your parent or guardian must agree to our terms on your behalf.
Devices and software. To use our services you must have data connection, we may make automatic updates to improve the services of GetNorthwards.
Fees and taxes. You are responsible for all carrier data plan and other fees and taxes associated with your use of our services. We may charge you for our services , including applicable taxes. We may refuse or cancel engagements or orders. We do not provide refunds for our Services except as required by our Returns and Cancellations Policy.
Our Terms and Policies. You must use our Services according to our Terms and posted policies. If we disable your account for a violation of our Terms, you will not create another account without our permission.
Legal and Acceptable Use. You must access and use our Services only for legal , authorised and acceptable purposes. You will not use (or assist others in using) our Services in ways that: (a) violate, misappropriate , or infringe the rights of GetNorthwards, our users, or others , including privacy , publicity, intellectual property, or other proprietary rights; (b) are illegal, obscene, defamatory, threatening, intimidating, harassing , hateful, racially , or ethically offensive, or instigate or encourage conduct that would be illegal or otherwise inappropriate including promoting violent crimes; (c) involve publishing falsehoods, misrepresentations, or misleading statements;(d) impersonate someone;(e) involve illegal or impermissible communications or (f) involve any non-personal use of our Services unless otherwise authorised by us.
Harm to GetNorthwards or Our Users. You must not access( or assist others to) access, use , copy, adapt, modify, prepare, derivative works based upon , distribute, licence, sublicense, transfer, display, perform or otherwise exploit our Services in impermissible or unauthorised manners , or in ways that burden , impair or harm us, our Services, systems, our users, or others including that you must not directly or through automated means : (a) reverse engineer , alter , modify create derivative works from , decompile , or extract code from our Services; (b)send, store or transmit viruses or other harmful computer code through or onto our Services: (c) gain or attempt to gain unauthorised access to our Services or systems;(d) interfere with or disrupt the integrity or performance of our Services; (e) create accounts for our Services through unauthorised or automated means (f) collect information of or about our users in any impermissible or unauthorised manner;(g) sell, resell, rent or charge for our Services.
Keeping Your Account Secure. You are responsible for keeping your devices and your GetNorthwards account safe and secure.
Our Services may allow you to access or interact with third-party websites, apps, content and other products and services. For example you may choose to use third party data backup services ( such as iCloud or Google Drive) that are integrated with our Services. Please note that when you use third-party services , their own terms and privacy policies will govern your use of those services.
Availability of our Services. Our services may be interrupted, including for maintenance , repairs , upgrades or network or equipment failures. We may discontinue some or all of our Services including certain features and support for certain devices and platforms, at any time. Events beyond our control may affect our Services, such as events in nature and other force majeure events. Our services are not intended for distribution to or use in any country where such distributions or use would violate local law or would subject us to any regulations in another country. We reserve the right to limit our Services in any country. GetNorthwards is designed to be a platform connecting investors with ventures. GetNorthwards can only notify you according to your listed industries and ventures' interests when they avail themselves BUT does not recommend you invest in any particular venture, even if a venture appears to be more featured on https://www.getnorthwards.africa In an effort to reduce fraud, we apply standards when deciding which ventures can fundraise on GetNorthwards, but you should conduct your own due diligence with the assistance of a GetNorthwards Agent to decide which ventures, if any, are right for you. The information regarding fundraising activities on GetNorthwards is provided by the project promoters and/ or Investees. GetNorthwards may assist a company in presenting this information, but we don't verify its accuracy or endorse the company unless specified on the business profile.
Termination.We may modify, suspend, or terminate your access to or use of our Services anytime for any reason, such as if you violate the letter or spirit of our Terms or create harm, risk or possible legal exposure for us, our users, or others.
Conducting due diligence. GetNorthwards has registered agents and an administration that handle the due diligence of projects and ventures and give recommendations. However, an investor can responsibly conduct their own due diligence. Groups of prospective investors working together are more likely to discover issues with a venture: the "wisdom of the crowd" at work. When an investor is interested in a venture GetNorthwards highly encourages them to ask detailed questions. If the Project Promoter/Agent gives answers that are not convincing, then you shouldn't invest!
Application for a venture. Create an account on the GetNorthwards portal to access the ventures catalogue. If a venture is being financed or having a fundraising on GetNorthwards, and you are eligible to invest, there will be a "Invest in Venture" button on the respective venture profile indicating the procedures, terms and conditions for that particular venture.
Application response time. We usually respond to an application within seven (7) working days of submission, unless there are special circumstances. No money will leave your bank account until your application has been accepted. The size of your investment may be reduced to a lower amount or may be rejected.
"Wait listing". Investors are often waitlisted when ventures receive more money than they need (i.e. the round is oversubscribed). Instead of reducing the size of everyone's investment, project promoters (or GetNorthwards) may choose which investors to accept, and may prioritize those who can help the venture the most. You can decrease your chances of being waitlisted by applying to invest early, connecting your social networks, and filling out your profile.
Contracts signing. Everything is handled electronically. After signing contracts on GetNorthwards, you'll be emailed a PDF of the executed documents signed by both parties. A copy of your contract is also always available on GetNorthwards. Share certificate(s) may be issued upon request by investor following a successful capital raising closure of a venture.
GetNorthwards compensation. GetNorthwards charges investors 1% of their investment up to a maximum of $1000. We also charge the fundraiser up to 4.5% of their total funding volume.
Returns and Cancellations. You can change your mind at any time before the fundraising closes, even if you've signed the investment contract. You'll receive a full refund, for any reason subject to deduction of direct costs involved in returning the amount to the same source used when investing in a venture.
Limitations on cancelling an investment. While your funds are still in the escrow account, and if the fundraising round has not been closed, you can cancel your investment commitment anytime, for any reason. However you incur costs of investment cancelling i.e transfer costs and costs associated with reimbursement.
Cancellation of investment. It's rare, but yes. Your investment may be cancelled if your funds are still in escrow. Investees have the same cancellation rights that you have. Legally, ventures can cancel your investment for any reason, but a more typical example would be if they discovered you are aligned with a major competitor.
After the fundraising round is officially closed, and the venture has accepted the funds in the escrow account, your investment cannot be cancelled.
Closing the fundraising round.A fundraising round will close at their offering deadline. However, a round may close earlier after their funding target has been met. In this case, you will receive a 5 day notice before the close date via e-mail. (Also, every round is open not less than 30 days).
When a fundraising fails. You'll be notified via e-mail and receive a full refund of your investment.
Reimbursement of funds by GetNorthwards. GetNorthwards will always reimburse the funds depending on the method by which you've paid. We'll initiate a refund as fast as possible and in any case within fourteen (14) business days of the point of reimbursement having been reached.
Investor Updates. You should not expect too much communication with project promoters. After all, you want them busy running the business, not talking to hundreds of investors all day. GetNorthwards encourages ventures to update their investors once per month, but they are under no legal obligation to do so.
Non-financial help to the ventures invested in. Most of the fun from investing in venture comes from how you can help them! You can offer product feedback, or evangelize product launches. Investees will often publish specific requests for help on the portal as well.
Access to the Investee/Agent. No. We don't hand out their email addresses or phone numbers. All communications with project promoters are handled via the GetNorthwards website.
Receiving reports. If you are an investor investing in a business, you will not receive an annual report—just periodic updates from the investees.
If you are an investor in a company, the company is recommended by GetNorthwards to issue quarterly and annual report once every quarter and at the end of every year with financial statements and a discussion of its business, no later than three (3) months after the end of their fiscal year.