Privacy Policy
Effective Date: March 1, 2026
AXLE (“we”, “our”, or “us”) is a financial technology platform developed and operated by Kedrus Consulting Ltd (“Kedrus”, “Company”). We are committed to protecting and respecting your privacy, and to handling your personal data in a secure, transparent, and lawful manner.
This Privacy Policy explains how we collect, use, process, store, and protect your personal data when you access or use AXLE, including our mobile applications, websites, and related services (collectively, the “Services”). Our data handling practices are designed to comply with applicable data protection regulations, including the Nigeria Data Protection Regulation (NDPR) and, where applicable, the General Data Protection Regulation (GDPR).
By using AXLE, you acknowledge that you have read and understood this Privacy Policy and consent to the collection and use of your information in accordance with its terms.
1. Data Controller
Kedrus Consulting Ltd is the entity responsible for determining how and why your personal data is processed and is therefore the Data Controller for the purposes of applicable data protection laws. As the Data Controller, we are committed to ensuring that your personal data is handled in accordance with the highest standards of data protection and privacy.
If you have any questions, concerns, or requests regarding your personal data or this Privacy Policy, you may contact us at:
Email: [email protected]
2. Personal Data We Collect
In order to provide our services effectively and in compliance with regulatory obligations, we collect and process various categories of personal data. The type and scope of data collected depend on how you interact with AXLE.
We may collect identity information such as your full name, date of birth, and government-issued identification, including but not limited to your National ID, Bank Verification Number (BVN), or passport. In certain cases, we may also collect biometric data, such as facial images or verification selfies, for identity authentication purposes.
We also collect contact information, including your email address and phone number, to enable communication, account verification, and service-related notifications.
As part of providing financial services, we collect financial data such as bank account details, wallet balances, and transaction history. This information is essential for processing transactions, enabling transfers, and maintaining accurate records.
Additionally, we automatically collect certain technical data when you use AXLE, including your IP address, device information, operating system, and log data. We also collect usage data, such as how you interact with the platform, transaction patterns, and behavioral data, to improve our services and enhance security.
We limit the collection of personal data to what is necessary, relevant, and proportionate to the purposes outlined in this Policy.
3. Legal Basis for Processing
We process your personal data in accordance with the legal bases permitted under applicable data protection laws, including the GDPR where applicable.
Processing is carried out where it is necessary for the performance of a contract, particularly in order to provide you with access to AXLE services and to fulfill our obligations to you as a user. We also process your data where necessary to comply with legal and regulatory obligations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
In certain circumstances, we rely on our legitimate interests as a business, such as fraud prevention, system security, and service improvement, provided that such interests do not override your fundamental rights and freedoms.
Where required, we will obtain your consent before processing specific categories of personal data, and you have the right to withdraw such consent at any time.
4. Purpose of Data Processing
Your personal data is processed for a variety of purposes that are essential to the operation and improvement of AXLE. These include creating and managing user accounts, verifying user identity, processing transactions, and enabling the movement and conversion of value across financial systems.
We also process your data to monitor transactions for fraud and suspicious activity, to comply with applicable legal and regulatory obligations, and to provide customer support. In addition, we use certain data to analyze usage patterns, improve platform performance, and enhance user experience.
All processing activities are carried out in a manner that is lawful, fair, and transparent.
5. KYC and AML Compliance
As a financial technology platform, AXLE operates within a regulated environment that requires strict adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. As such, we are obligated to verify the identity of our users and to monitor transactions for potential risks.
This may involve the use of third-party identity verification providers, as well as ongoing monitoring of transactions and account activity. Where necessary, we may report certain transactions or activities to relevant regulatory or law enforcement authorities in compliance with applicable laws.
Failure to provide accurate and complete verification information, or the detection of suspicious or non-compliant behavior, may result in restrictions being placed on your account, including suspension or termination of access to our services.
6. Data Sharing
In the course of providing our services, we may share your personal data with trusted third parties who support our operations. These may include licensed financial institutions, payment processors, identity verification providers, fraud detection services, and compliance partners.
We may also disclose your information to regulatory authorities, law enforcement agencies, or other governmental bodies where required to do so by law or in response to valid legal processes.
All third parties with whom we share data are required to maintain appropriate safeguards and to process personal data in accordance with applicable data protection laws. We do not sell, rent, or trade your personal data to third parties for marketing purposes.
7. International Data Transfers
In certain circumstances, your personal data may be transferred to and processed in countries outside Nigeria. Such transfers may be necessary to facilitate our services, particularly where we engage international service providers or partners.
Where data is transferred across borders, we take appropriate steps to ensure that adequate safeguards are in place to protect your personal data, in line with the requirements of the NDPR and GDPR. These safeguards may include contractual protections, data processing agreements, and adherence to recognized data protection standards.
8. Data Retention
We retain your personal data only for as long as is necessary to fulfill the purposes for which it was collected, including the provision of services, compliance with legal and regulatory obligations, and the resolution of disputes.
In certain cases, we may be required to retain data for extended periods in order to comply with financial regulations, audit requirements, or anti-money laundering laws. Once data is no longer required, it will be securely deleted or anonymized.
9. Data Security
We take the security of your personal data seriously and implement appropriate technical and organizational measures to protect it against unauthorized access, loss, misuse, or alteration. These measures include data encryption, secure server infrastructure, access controls, and ongoing monitoring of our systems.
While we strive to protect your data, it is important to note that no method of transmission over the internet or method of electronic storage is completely secure. As such, we cannot guarantee absolute security, but we continuously work to maintain a high standard of protection.
10. Your Rights
In accordance with applicable data protection laws, you have certain rights in relation to your personal data. These may include the right to access your data, request corrections to inaccurate information, request deletion of your data, restrict or object to certain types of processing, and withdraw consent where processing is based on consent.
We are committed to enabling you to exercise your rights in a transparent and accessible manner. Requests can be made by contacting us at [email protected], and we will respond within the timeframes required by applicable law.
11. Cookies and Tracking Technologies
We use cookies and similar tracking technologies to enhance your experience, analyze usage patterns, and improve the functionality of our platform. These technologies allow us to understand how users interact with AXLE and to make informed improvements.
You have the option to control or disable cookies through your device or browser settings. However, disabling cookies may affect the functionality of certain features of the platform.
12. Third-Party Services
AXLE may integrate or provide access to third-party services and platforms. These third parties operate independently and have their own privacy policies and practices. We do not control and are not responsible for the data handling practices of such third parties.
We encourage you to review the privacy policies of any third-party services you interact with.
13. Children’s Privacy
AXLE is not intended for use by individuals under the age of 18. We do not knowingly collect or process personal data from minors. If we become aware that we have inadvertently collected data from a minor, we will take steps to delete such information promptly.
14. Changes to This Policy
We may update this Privacy Policy from time to time to reflect changes in our services, legal obligations, or data processing practices. Any updates will be published on this page, and where appropriate, we may notify users through additional channels.
Your continued use of AXLE after such updates constitutes acceptance of the revised Privacy Policy.
15. Contact Information
If you have any questions, concerns, or requests regarding this Privacy Policy or your personal data, you may contact us at:
Company: Kedrus Consulting Ltd
Product: AXLE
Email: [email protected]