Terms of Service

1. Acceptance of Terms

By accessing or using the Vridi platform (accessible at vridi.in and app.vridi.in), you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any part of these terms, you may not use our platform. These Terms constitute a legally binding agreement between you and Ascendpeak Private Limited ("Vridi", "we", "us", or "our").

2. Description of Services

Vridi operates an invoice discounting marketplace that connects verified investors with credit-evaluated MSME borrowers. Our platform facilitates investment in invoice-backed deals through regulated escrow accounts managed by licensed trustees. Vridi does not lend its own capital and does not guarantee investment returns.

3. Eligibility

To use Vridi, you must:

• Be an Indian resident above 18 years of age
• Hold a valid PAN card issued by the Government of India
• Possess an active Indian bank account
• Complete our KYC verification process
• Not be a Politically Exposed Person (PEP) or on any sanctions list

Vridi reserves the right to reject or terminate any account that does not meet eligibility criteria.

4. Investment Risks

Investments on Vridi are subject to credit risk and are not guaranteed. You acknowledge that:

• Borrowers may default on repayment obligations
• Past performance of deals does not guarantee future returns
• Invested capital is locked until deal maturity
• Returns are subject to applicable taxes

Please review our full Risk Disclosure before investing.

5. Platform Fees

Vridi charges a platform fee on returns earned by investors. The applicable fee rate is disclosed on each deal page before you commit to any investment. We reserve the right to modify fee structures with 30 days' advance notice.

6. User Obligations

You agree not to:

• Provide false or misleading information during registration or KYC
• Use the platform for money laundering or other illegal activities
• Attempt to access other users' accounts or data
• Reverse-engineer or scrape the platform
• Share your account credentials with any third party

7. Account Suspension and Termination

Vridi reserves the right to suspend or terminate accounts that violate these Terms, engage in fraudulent activity, or fail to maintain KYC compliance. On termination, active investments will be managed to maturity and proceeds distributed accordingly. Wallet balances will be refunded to the registered bank account within 15 business days.

8. Limitation of Liability

Vridi's liability to any user shall not exceed the platform fees paid by that user in the preceding 12 months. Vridi is not liable for investment losses arising from borrower defaults, market conditions, or regulatory changes.

9. Governing Law and Disputes

These Terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts of Bengaluru, Karnataka. We encourage resolution of disputes through our support team before initiating legal proceedings.

10. Modifications to Terms

We may update these Terms at any time. We will notify you of material changes via email or in-app notification at least 15 days before they take effect. Continued use of the platform constitutes acceptance of the updated Terms.

11. Contact

For questions about these Terms, contact us at legal@vridi.in or write to:
Ascendpeak Private Limited, 100 Feet Road, Indiranagar, Bengaluru — 560038, India.