Terms and Conditions

1. Promoters and Project Management

1.1. The FundUbuntu Launch Campaign is a collaborative initiative between Nedbank Limited and Indigo Africa.

1.2. KasiKonnect acts as the lead Project Manager and operational administrator of the initiative.

2. Campaign Period

2.1. The FundUbuntu launch campaign officially launches on Thursday, 1 October 2026 and will run for a minimum of 60 days.

2.2. All promotional content, campaign details, and advertisements may be featured across SimplyBiz, KasiKonnect, and FundUbuntu digital platforms, social media pages, and advertising channels at the sole discretion of the project management team.

3. Eligibility Criteria

3.1. The launch cohort is strictly limited to six (6) selected small business owners

3.2. To be eligible, a Participant must:

• Be 18 years of age or older;

• Reside and trade within the Republic of South Africa;

• Be a full-time owner and operator of the business;

• Hold an active Nedbank Business Banking account;

• Hold and operate an iKhokha POS solution;

• Be a registered member of both SimplyBiz.co.za and KasiKonnect.online (linked to their FundUbuntu crowdfunding page).

3.3. The following persons are excluded from participating:

• Directors, members, employees, or immediate family members of Nedbank Limited, Indigo Africa, or KasiKonnect;

• Direct suppliers and contractors involved in delivering the FundUbuntu launch campaign.

4. Campaign Purpose

4.1. FundUbuntu is South Africa’s first exclusive kasi business funding platform, designed to provide township entrepreneurs with growth capital through community pledges, corporate matching, and trust-based accountability.

4.2. Participants set up a campaign to raise funds for a declared business growth objective, allowing backers and partners to invest directly in their expansion.

5. Participant Obligations; Onboarding

5.1. Participants must complete the following mandatory onboarding steps:

• Complete business profiles on SimplyBiz.co.za and KasiKonnect.online;

• Define their 100% Growth Goal; and itemize their declared business asset needs with their assigned KasiKonnect business coach;

• Map their network (family, friends, regular customers) to build initial campaign social proof;

• Participate in video production and profile creation managed by KasiKonnect and sponsored by SimplyBiz

• Digitally sign the FundUbuntu Growth Commitment prior to launching their campaign.

5.2. KasiKonnect will charge an administrative fee of 5% (five percent) of the total funds raised upon successful completion of a campaign. Standard third-party transaction processing fees driven by Paystack will also apply at checkout.

5.3. FundUbuntu reserves the right to verify business information, request supporting documentation, and suspend applications that fail compliance checks.

6. The 90% Milestone Target and Fund Release

6.1. Participants are required to raise at least 90% of their total funding target before funds can be released from their KasiKonnect Nedbank Wallet.

6.2. The 90% threshold may be comprised of crowd pledges, Nedbank SimplyBiz matching funds, and verified external funding inputs (such as small grants or entrepreneurial competition awards).

6.3. Once a campaign reaches the 90% mark, the Participant may elect to draw down the funds to execute their business growth plan or leave the campaign active until 100% of the target is reached.

7. Permissible Use of Funds and Exclusions

7.1. Permissible Use: 100% of funds raised and matched must be used exclusively for declared business assets, stock/inventory, machinery, equipment, workspace upgrades, or direct growth initiatives outlined in the approved campaign.

7.2. Prohibited Spend: Under no circumstances may campaign funds be allocated

toward:

• Personal or household living expenses (groceries, home rent, family clothing, school fees);

• Repayment of personal loans, micro-loans, or informal moneylenders (Mashonisas);

• Personal airtime, personal data, alcohol, tobacco, gambling, or non-business entertainment.

8. Nedbank SimplyBiz Matched Funding Mechanism

8.1. SimplyBiz powered by Nedbank will provide matched funding of R500.00 for every

R500.00 raised by a Participant from the crowd, up to a maximum collective pool cap of R50,000.00 across the pilot cohort.

8.2. Matched funding is subject to pool availability and is allocated as campaigns reach each R500 increment.

8.3. Dormancy Rule: If a campaign records zero financial activity (no new pledges or external inputs) for 60 consecutive days, it will be flagged as dormant, and any earmarked matching funds will be returned to the general partner pool.

9. Mandatory Post-Funding Reporting (Evidence of Spend)

9.1. Within 30 days of fund drawdown, Participants are strictly required to log into their

KasiKonnect profile and upload; Evidence of Spend; including photographs of the purchased business assets/inventory

9.2. Non-Compliance Penalty: Failure to submit evidence of spend within the 30-day window will result in an immediate, permanent block on the Participant KasiKonnect profile, barring them from running future campaigns or accessing ecosystem benefits.

10. Marketing and Media Promotion

10.1. KasiKonnect will create social media assets and digital banners (sponsored by SimplyBiz) adhering to standard digital media ratios and text limits.

10.2. Participants receive a maximum of two (2) creative revisions on campaign marketing assets. Additional customization requests will be for the Participant’s own account.

10.3. While promoters will drive broad platform visibility, each Participant remains individually responsible for actively promoting their unique campaign link and campaign QR code within their own network.

11. Selection and Disqualification

11.1. Selection for the pilot cohort is governed by SimplyBiz and KasiKonnect

administrators. Decisions regarding eligibility are final.

11.2. If a Participant cannot be contacted within five (5) working days of selection notification, or rejects their participation, they will forfeit their place to an alternate applicant.

11.3. Incentives, coaching access, and matching funds are non-transferable.

12. Backer Contributions and Disclaimers

12.1. Contributions made by crowd backers are voluntary.

12.2. Neither FundUbuntu, Indigo Africa, KasiKonnect, SimplyBiz, nor Nedbank Limited guarantees that a campaign will reach its target or achieve a specific level of contribution.

13. Prohibited Conduct

Participants will be immediately disqualified and reported if they:

• Submit false, misleading, or fraudulent business information;

• Attempt to artificially manipulate donation velocity or campaign outcomes;

• Misrepresent business performance or engage in unlawful trading practices;

• Upload offensive, discriminatory, or infringing content.

14. Liability and Governing Law

14.1. Promoters assume no liability for direct or indirect losses arising from participation in the campaign, technical line failures, or third-party service interruptions beyond reasonable control.

14.2. By participating, Participants grant permission for FundUbuntu, KasiKonnect, and

SimplyBiz powered by Nedbank to feature their business names, logos, images, and

growth stories in promotional materials at no cost.

14.3. These Terms and Conditions are governed by and interpreted in accordance with the laws of the Republic of South Africa.

Enquiries

For questions regarding the FundUbuntu Launch Campaign, contact:

• KasiKonnect / FundUbuntu: fundubuntu@kasikonnect.online

• SimplyBiz: contactus@simplybiz.co.za