Terms & Conditions

Effective Date: January 1, 2018

Welcome to BABB App!

Welcome to the website operated by BABB App Ltd (“BABB”, " "we," "us," or "our"). BABB is private limited company registered in England and Wales (No. 10225110), an authorised payment institution by the Financial Conduct Authority (FRN 577101) and is licensed and regulated by HM Revenue and Customs as a Money Services Business (MSB) License Number 12611999. We are not yet a Bank but we are applying to become one. You may contact us by using the contact details set out below. 

PLEASE READ THESE TERMS AND CONDITIONS OF USE CAREFULLY. BY ACCESSING OR USING OUR WEB SITE OR MOBILE APPLICATIONS, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS DESCRIBED HEREIN AND ALL TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR WEB SITE OR MOBILE APPLICATIONS.

These terms and conditions of use (“Site Terms”) apply solely to your access to, and use of, the Web sites or mobile applications of BABB, located at www.babbapp.com and any other sites or mobile applications operated by BABB which links to these Site Terms (the "Sites"). These Site Terms do not alter in any way the terms or conditions of any other agreement you may have with BABB, or its subsidiaries or affiliates, for products, services or otherwise. If you are using the Sites on behalf of any entity, you represent and warrant that you are authorised to accept these Site Terms on such entity's behalf, and that such entity agrees to be responsible to BABB for any violations of these Site Terms.

BABB reserves the right to change or modify any of these Site Terms or any policy or guideline of the Sites, at any time and in its sole discretion.  If BABB makes changes to these Site Terms, we will provide notice of such changes, such as by posting a notice on the Sites or updating the “Last Updated” date above.  Your continued use of our Sites following the posting of changes or modifications will confirm your acceptance of such changes or modifications. Therefore, you should frequently review the Site Terms and applicable policies whenever you access the Sites and at least every thirty (30) days to make sure that you understand the terms and conditions that will apply to you and your use of the Sites. If you do not agree to the amended terms, you must stop using the Sites.

1. Privacy Policy

Please refer to our Privacy Policy for information on how BABB collects, uses and discloses information from its users.

2. Eligibility and Registration

Your understand that your ongoing use of the Sites may be subject to further eligibility requirements and registration process, and you agree to comply with any such additional requirements we may establish as a condition of your use of the Sites.

3. The BABB Services

BABB is developing a decentralised platform to connect to peer-to-peer banking services, share financial resources with friends and family and grow wealth. Actual services provided by BABB Sites (the “Services”) are subject to change but when released the specifications of available Services will be posted on the Sites along with any applicable terms and conditions including fees.

4. General Use, Prohibited Use, and Termination

4.1 Limited License. We grant you a limited, nonexclusive, nontransferable license, subject to the terms of this Agreement, to access and use the BABB Sites, and related content, materials, information (collectively, the "Content") solely for approved purposes as permitted by BABB from time to time. Any other use of the BABB Sites or Content is expressly prohibited and all other right, title, and interest in the BABB Sites or Content is exclusively the property of BABB and its licensors. You agree you will not copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale of, create derivative works from, or in any other way exploit any of the Content, in whole or in part. "BABB", "BABBApp.com",  and all logos relating to or displayed on the BABB Sites are either trademarks or registered marks of BABB or its licensors. You may not copy, imitate or use them without BABB's prior written consent.

4.2 Website Accuracy. Although we intend to provide accurate and timely information, BABB Sites (including, without limitation, the Content) may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. In an effort to continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products and Services. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on BABB Sites are your sole responsibility and we shall have no liability for such decisions. Links to third-party materials (including without limitation websites) may be provided as a convenience but are not controlled by us. You acknowledge and agree that we are not responsible for any aspect of the information, content, or services contained in any third-party materials or on any third party sites accessible or linked to BABB Sites.

4.3 Prohibited Activities. You agree that you will not use BABB Services to perform any type of illegal activity of any sort or to take any action that negatively affects the performance of the BABB Services. You may not engage in any of the following activities via the Services, nor may you help a third party in any such activity: (1) attempt to gain unauthorized access to our Services or another user’s account, (2) make any attempt to bypass or circumvent any security features, (3) violate any law, statute, ordinance, or regulation, (4) reproduce, duplicate, copy, sell or resell our Services for any purpose except as authorized in these Site Terms, (5) engage in any activity that is abusive or interferes with or disrupts our Services. If you are blocked by BABB from accessing the BABB Services (including by blocking your IP address), you agree not to implement any measures to circumvent such blocking (e.g., by masking your IP address or using a proxy IP address). Use of our Services in connection with any transaction involving illegal products or services is prohibited. 

4.4 Suspension, Termination, and Cancellation. BABB may, at its discretion, and without notice: (a) suspend, restrict, or terminate your access to any or all of the BABB Services, and/or (b) deactivate or cancel your BABB Account, for any reason including:

We are so required by a facially valid subpoena, court order, or binding order of a government authority; or

We reasonably suspect you of using your BABB Account in connection with any Prohibited Activity; or

Use of your BABB Account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your Account activity; or

Our service partners are unable to support your use; or

You take any action that BABB deems as circumventing BABB's controls.

5. Third Party Content

BABB may provide third party content on the Sites and may provide links to Web pages and content of third parties (collectively, "Third Party Content") as a service to those interested in this information. BABB does not control, endorse or adopt any Third Party Content and makes no representation or warranties of any kind regarding the Third Party Content, including without limitation regarding its accuracy or completeness. You acknowledge and agree that BABB is not responsible or liable in any manner for any Third Party Content and undertakes no responsibility to update or review any Third Party Content. Users use such Third Party Content contained therein at their own risk.

6. Third-Party Products and Services

BABB may provide or allow users to provide information about or links to third-party products or services on the Sites. Your business dealings or correspondence with, or participation in promotions of, such third parties, and any terms, conditions, warranties or representations associated with such dealings or promotions, are solely between you and such third party. BABB is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or promotions or as the result of the presence of such non-BABB advertisers or third party information on the Sites.

7. Feedback

You acknowledge and agree that any questions, comments, suggestions, feedback, ideas, plans, notes, drawings, original or creative materials or other information or materials regarding the Sites, BABB or BABB's general products or services (but excluding any client information) (the "Feedback") that are provided by you in the form of email, messaging via social media channels or sites or other submissions to BABB, or any postings on the Sites, are (as between you and BABB) non-confidential and shall become the sole property of BABB. BABB shall own, and you hereby assign to BABB, all exclusive rights, including all intellectual property rights, and shall be entitled to the unrestricted use and dissemination of such Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you.

8. User Content and Interactive Services or Areas

The Sites may include interactive areas or services (“Interactive Areas”), such as forums, chat rooms or message boards, online hosting or storage services, or other areas or services in which you or other users create, post or store any content, messages, materials, data, information, text, music, sound, photos, video, graphics, applications, code or other items or materials on the Sites ("User Content"). You are solely responsible for your use of such Interactive Areas and use them at your own risk.  By using any Interactive Areas, you agree not to post, upload to, transmit, distribute, store, create or otherwise publish through the Sites any of the following:

User Content that is unlawful, libelous, defamatory, obscene, pornographic, indecent, lewd, suggestive, harassing, threatening, invasive of privacy or publicity rights, abusive, inflammatory, fraudulent or otherwise objectionable;

User Content that would constitute, encourage or provide instructions for a criminal offense, violate the rights of any party, or that would otherwise create liability or violate any local, state, national or international law;

User Content that may infringe any patent, trademark, trade secret, copyright or other intellectual or proprietary right of any party. By posting any User Content, you represent and warrant that you have the lawful right to distribute and reproduce such User Content;

User Content that impersonates any person or entity or otherwise misrepresents your affiliation with a person or entity;

Unsolicited promotions, political campaigning, advertising or solicitations;

Private information of any third party, including, without limitation, addresses, phone numbers, email addresses, Social Security numbers and credit card numbers;

Viruses, corrupted data or other harmful, disruptive or destructive files; and

User Content that, in the sole judgment of BABB, is objectionable or which restricts or inhibits any other person from using or enjoying the Interactive Areas or the Sites, or which may expose BABB or its users to any harm or liability of any type.

You further agree that you are solely responsible for your conduct while on the Sites, and you agree that you will not do any of the following in connection with the Site or its users:

Use the Site or the Service in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully enjoying the Site or that could damage, disable, overburden or impair the functioning of the Site in any manner;

Impersonate or post on behalf or any person or entity or otherwise misrepresent your affiliation with a person or entity;

Cheat or utilize unauthorised exploits in connection with the Service;

Stalk, intimidate, threaten, or otherwise harass or cause discomfort to other users;

Send any unsolicited commercial messages;

Use the Site or the Service for any illegal or unauthorised purpose or engage in, encourage, or promote any illegal activity, or any activity that violates these Terms of Use; or

Circumvent or attempt to circumvent any filtering, security measures or other features BABB may from time to time adopt to protect the Sites, its users or third parties.

BABB takes no responsibility and assumes no liability for any User Content posted, stored or uploaded by you or any third party, or for any loss or damage thereto, nor is BABB liable for any mistakes, defamation, slander, libel, omissions, falsehoods, obscenity, pornography or profanity you may encounter. Your use of Interactive Areas is at your own risk. Enforcement of the user content or conduct rules set forth in these Site Terms is solely at BABB's discretion, and failure to enforce such rules in some instances does not constitute a waiver of our right to enforce such rules in other instances. In addition, these rules do not create any private right of action on the part of any third party or any reasonable expectation that the Sites will not contain any content that is prohibited by such rules. As a provider of interactive services, BABB is not liable for any statements, representations or User Content provided by its users in any public forum, personal home page or other Interactive Area. Although BABB has no obligation to screen, edit or monitor any of the Content posted in any Interactive Area, BABB reserves the right, and has absolute discretion, to remove, screen or edit any User Content posted or stored on the Sites at any time and for any reason without notice, and you are solely responsible for creating backup copies of and replacing any User Content you post or store on the Sites at your sole cost and expense. Any use of the Interactive Areas or other portions of the Sites in violation of the foregoing violates these Site Terms and may result in, among other things, termination or suspension of your rights to use the Interactive Areas and/or the Sites. If you post User Content to the Sites, unless we indicate otherwise, you grant BABB and its affiliates a nonexclusive, royalty-free, perpetual, irrevocable and fully sublicensable right to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such User Content throughout the world in any media [on or in connection with the Sites and the promotion thereof] [including without limitation the right to use your name, likeness, voice or identity]. You grant BABB and its affiliates and sublicensees the right to use the name that you submit in connection with such content, if we choose. You understand and agree that the use of your or other users name, likeness, voice or identity in connection with various features on the Sites does not imply any endorsement of such feature or of the Sites of BABB unless explicitly stated otherwise. You represent and warrant that (a) you own and control all of the rights to the User Content that you post or you otherwise have the right to post such User Content to the Sites; (b) the User Content is accurate and not misleading; and (c) use and posting of the User Content you supply does not violate these Site Terms and will not violate any rights of or cause injury to any person or entity.

9. Registration Data; Account Security

In consideration of your use of the Site, you agree to (a) provide accurate, current and complete information about you as may be prompted by any registration forms on the Site ("Registration Data"); (b) maintain the security of your password and identification; (c) maintain and promptly update the Registration Data, and any other information you provide to BABB, to keep it accurate, current and complete; and (d) accept all risks of unauthorised access to the Registration Data and any other information you provide to BABB.

10. Indemnification

You agree to defend, indemnify and hold harmless BABB, its independent contractors, service providers and consultants, and their respective directors, employees and agents, from and against any claims, damages, costs, liabilities and expenses (including, but not limited to, reasonable attorneys' fees) arising out of or related to any User Content you post, store or otherwise transmit on or through the Sites or your use of the Interactive Areas, including without limitation any actual or threatened suit, demand or claim made against BABB and/or its independent contractors, service providers, employees, directors or consultants, arising out of or relating to the User Content, your conduct, your violation of these Site Terms or your violation of the rights of any third party.

11. Disclaimer

Except as expressly provided to the contrary in a writing by BABB, the Sites and the BABB Services are provided on an "as is" basis without warranties of any kind, either express or implied. BABB disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the Sites and the BABB Services, including the information, content and materials contained therein. BABB does not represent or warrant that the Sites or the BABB Services are accurate, complete, reliable, current or error-free. BABB does not represent or warrant that the Sites or its servers are free of viruses or other harmful components.

12. Limitation of Liability

In no event shall BABB, its directors, members, partners employees or agents be liable for any direct, special, indirect or consequential damages, or any other damages of any kind, including but not limited to loss of use, loss of profits or loss of data, whether in an action in contract, tort (including but not limited to negligence) or otherwise, arising out of or in any way connected with the use of or inability to use the Sites, the BABB Services, the content or the materials contained in or accessed through the Sites, including without limitation any damages caused by or resulting from reliance by user on any information obtained from BABB, or that result from mistakes, omissions, interruptions, deletion of files or email, errors, defects, viruses, delays in operation or transmission or any failure of performance, whether or not resulting from acts of god, communications failure, theft, destruction or unauthorised access to BABB’s records, programs or services. In no event shall the aggregate liability of BABB, whether in contract, warranty, tort (including negligence, whether active, passive or imputed), product liability, strict liability or other theory, arising out of or relating to the use of or inability to use the Sites or the BABB Services or to these site terms exceed any compensation you pay, if any, to BABB for access to or use of the Sites.

13. Modifications to the Sites

BABB reserves the right to change any and all content contained in the Sites and to modify, suspend or discontinue the Sites or any Services offered through the Sites or any features or functionality of the Sites or the Services at any time without notice and without obligation or liability to you.

14. Applicable Law and Venue

These Site Terms and your use of the Sites shall be governed by and construed in accordance with the laws of England without resort to its conflict of law provisions  and you agree that all disputes arising out of or relating to the Sites or the BABB Services will be decided by the English courts. 

15. Assignment

You may not assign any rights and/or licenses granted under these Site Terms. We reserve the right to assign our rights without restriction, including without limitation to any BABB affiliates or subsidiaries, or to any successor in interest of any business associated with the BABB Services. Any attempted transfer or assignment in violation hereof shall be null and void. Subject to the foregoing, these Site Terms will bind and inure to the benefit of the parties, their successors and permitted assigns.

16. Change of Control

In the event that BABB is acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.

17. Severability

If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law or regulation or any governmental agency, local, state, or federal, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of this Agreement shall not be affected.

18. Entire Agreement

This Agreement and the BABB Privacy Policy, incorporated by reference herein, comprise the entire understanding and agreement between you and BABB as to the subject matter hereof, and supersedes any and all prior discussions, agreements and understandings of any kind (including without limitation any prior versions of this Agreement), and every nature between and among you and BABB. Section headings in this Agreement are for convenience only, and shall not govern the meaning or interpretation of any provision of this Agreement.

19. Survival

All provisions of this Agreement which by their nature extend beyond the expiration or termination of this Agreement shall survive the termination or expiration of this Agreement.

20. Force Majeure

We shall not be liable for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.

21. Questions & Contact Information

If you have any questions about the Site Terms, the BABB Sites or Services,  or wish to contact BABB, you may do so in the following manner:  

By post:

BABB App Ltd                                                                                                                            Level 39 One Canada Square Canary Wharf London, E14 5AB, UK or By email: 

[email protected]