Terms of use

1. Who we are, and what this is

Breadfund is a place to raise money in public. You tell people what you need, they give, and the money goes to your bank account.

Breadfund is a product of Agynex Limited. Where these terms say we, us or our, they mean Agynex Limited, the company behind the site and the one you are agreeing with.

We are not a bank, a charity or a lender. We do not hold your money — our payment provider, Flutterwave, moves it from the donor to you. We are the website in between.

Using Breadfund means you accept everything on this page. If you do not, please do not use it.

2. Definitions

These are the words used on the rest of this page, and on the rest of the site. They mean the same thing everywhere.

2.1. Fund

One fundraiser: a page with a story, a goal and a link to share. Called a fundraiser in a few places on the site; they are the same thing.

2.2. Organiser

The person who started the fund and looks after it. They write the page, post updates and decide when it closes.

2.3. Beneficiary

Whoever the money is for. Usually that is the organiser. Where it is somebody else, the organiser can invite them so donations go to their own bank account instead.

2.4. Donor

Anyone who gives to a fund. You do not need an account to give.

2.5. Donation

A gift of money to a fund. It is a gift, not a purchase — nothing is owed in return.

2.6. Monthly gift

A donation that repeats every month until the donor stops it, or until the fund closes.

2.7. Goal

The amount a fund is asking for. It is a target, not a limit: a fund keeps collecting past it, and keeps whatever it raises below it.

2.8. Tip

An optional amount a donor adds for Breadfund on top of their donation. It is not taken out of the fund, and it is what keeps the service free.

2.9. Payout

Money moving from a donation to a bank account. It happens automatically, donation by donation — there is nothing to withdraw.

2.10. Draft

A fund that has been started but not published. Nobody can see it and it cannot take money.

2.11. Live

A published fund. It has a public page, it is listed on the site, and it can take donations.

2.12. Closed

A fund the organiser has stopped. Its page stays up and readable; it just cannot take new donations. It can be opened again.

2.13. Update

A post an organiser adds to their fund to tell donors what has happened since.

2.14. Charity

An organisation we have checked and verified. A fund can be raised for one, and the money then goes to the charity’s own account rather than the organiser’s.

2.15. We, us, Breadfund

Breadfund — this website, and the people who run it.

3. Your account

You must be 18 or over to have an account. You give us your real name, a real email address and a real phone number, and you keep them up to date.

Your account is yours to look after. Do not share your password. Tell us if you think somebody else has got into it.

One person, one account. Do not pretend to be somebody else.

4. Raising money

Say honestly what the money is for, and then use it for that. This is the whole agreement in one line.

If you are raising for somebody else, ask them first. If the money is meant to reach them, invite them on the fund so it goes to their own bank account — we cannot move donations after they have been paid out.

You keep whatever you raise, whether you reach your goal or not. There is no deadline that takes the money away, and a fund that passes its end date carries on collecting until you close it.

You can close your fund whenever you like. Its page stays up, so the people who gave can still see it, and monthly gifts to it are stopped for their donors.

5. What is not allowed

Do not raise money by lying — about who you are, who the money is for, or what happened.

Do not raise money for anything illegal, for weapons or drugs, for hate or harassment, for gambling, or for anybody under a sanctions order.

Do not sell things here. A donation is a gift, not a purchase, and you must not promise goods or services in return.

Do not ask donors to pay you outside Breadfund. It takes away every protection this page describes.

6. How we check funds

Every fund is read by an automated check when it is published, and our team can look at any fund at any time.

If a fund breaks these rules we can take it down, stop its payouts, or close the account behind it. Where we can, we will tell you why and give you the chance to put it right.

Anyone can report a fund. We read every report. We cannot promise an outcome, and we do not verify that what an organiser says is true — that judgement is yours before you give.

7. Giving to a fund

A donation is a gift to the organiser, not a contract with us. Read the page, decide for yourself, and give only what you can afford to give away.

Donations are not refundable as a rule. If a fund turns out to be dishonest, tell us and we will look into it, but we cannot promise your money back once it has reached somebody.

A monthly gift keeps charging your card until you stop it. You can stop it yourself at any time from your giving page, and it stops as soon as our provider confirms it.

Your name and message appear on the fund unless you give anonymously. Your email address and card details never do.

8. The money

Starting a fund is free. Breadfund takes 2.7% of each donation, and the card companies charge their own fee on top — 1.4% plus ₦100 in Nigeria. Both are shown before anyone pays.

Donors are asked whether they want to add a tip for Breadfund. Where a donor adds one — any amount, however small — we take our 2.7% from that donation no longer. The tip is theirs to choose and is never taken out of your total.

Payouts go to the bank account you add, through Flutterwave, the next working day. Weekends are not working days.

Tax is yours. We do not deduct anything for tax and we do not give tax advice.

9. What you post

What you write and the photos you upload stay yours. You give us permission to show them on Breadfund and to use them where we are telling people about your fund.

Only post what is yours to post. Do not upload somebody else’s photo, or somebody else’s story, without asking them.

We can remove anything that breaks these rules.

10. Your information

Your bank account number is stored encrypted and is never shown to anyone. Your card details never reach our servers at all — they go straight to Flutterwave.

Your email address, phone number and date of birth are never public. Your name and profile photo are.

We use your details to run the service, to check funds, and to answer you when you write to us.

11. Where this works

Payouts are live in Nigeria and Ghana. You can give from anywhere, but a fund pays out into a bank account in one of those countries, in that country’s own money.

We add countries as payouts become available in them.

12. What we do not promise

We cannot promise a fund will raise anything, that a site will never go down, or that a payout will arrive on a particular day — our payment provider decides that part.

We do not check that what an organiser writes is true, and we are not responsible for what they do with the money. What we can do is take down a fund that breaks the rules, and we do.

Where the law allows us to limit what we owe you if something goes wrong, we limit it to the fees we took from you.

13. Changes, and endings

We can change these terms. If a change matters to you we will say so on the site before it takes effect, and carrying on using Breadfund means you accept it.

You can close your account whenever you like. We can close an account that breaks these rules.

These terms are governed by the laws of the Federal Republic of Nigeria.

14. Talk to us

Something here unclear, or something gone wrong? Write to us at hello@breadfund.me and a person will answer.