By accessing the Wocap website (the "Website") and/or the Wocap platform (collectively, the "Services"), you acknowledge that you have read, understood, and agree to be bound by these Terms of Use (the "Terms"), as well as our Privacy Policy. These Terms constitute a binding agreement between you and Wocap S.A., a société anonyme (limited by shares) incorporated under the laws of Greece, registered with the Greek General Commercial Registry (GEMI) under registration number 182915901000, with tax identification number 802795397, and having its registered office in Kifisia, Greece.
By accepting these Terms, you represent and warrant that you are duly authorized to act on behalf of the legal entity you represent and to bind such entity to these Terms and to the use of the Services.
Users agree that communications, consents, and records provided electronically through the platform shall have the same legal effect as written documents.
If you do not agree to these Terms, or if you do not have the authority to bind the entity on whose behalf you are acting, you must not access or use the Services. Continued use of the Services constitutes acceptance of these Terms and any future modifications.
Wocap provides a cloud-based digital platform designed to facilitate dynamic discounting of trade payables between corporate Buyers and their Suppliers. Through the platform, Buyers can allocate surplus liquidity to offer early payment of approved invoices in exchange for a discount, while Suppliers may elect to receive early payment under terms defined by them.
The platform operates exclusively on invoices that have been approved for payment by the relevant Buyer.
The service enables both parties to engage in automated matching mechanisms based on user-defined parameters, without reliance on financial institutions, lending products, or traditional factoring structures.
Wocap's services are sector-agnostic and adaptable to various enterprise resource planning (ERP) environments, supporting both integrated and file-based (e.g., Excel) workflows.
The Wocap platform is offered exclusively to legal entities (businesses) and is not intended for individual or consumer use. By registering or using the Services, you represent and warrant that:
Wocap reserves the right to approve, reject, or suspend accounts at its discretion.
To access the platform, Users must complete the registration process and provide accurate company and user information. Each account is associated with a specific legal entity and its authorized representatives.
You are solely responsible for maintaining the confidentiality of your account credentials and for all activities conducted under your account.
You agree to:
Wocap shall not be liable for any loss or damage arising from unauthorized access due to your failure to safeguard credentials.
You agree to use the Services in compliance with applicable laws and these Terms. Users are solely responsible for ensuring that their use of the platform and any transactions entered into comply with applicable laws, regulations, and internal policies.
Specifically, you shall not:
Wocap may temporarily suspend or restrict access to the Services for maintenance, upgrades, or security reasons, without prior notice where reasonably necessary.
Wocap reserves the right to suspend or terminate access without notice in case of suspected misuse or breach of these Terms.
Wocap operates strictly as a technology service provider. The platform enables interactions between corporate Buyers and their Suppliers for the purpose of facilitating early invoice payments through dynamic discounting auctions.
Wocap:
All transactions conducted through the platform are entered into independently by Users, who remain solely responsible for their decisions, compliance, and internal approvals.
Use of the platform does not create any obligation to transact. Suppliers retain full discretion to participate or not in any prepayment opportunity.
Users agree to treat as confidential any non-public information obtained through the platform, including but not limited to invoices, pricing, commercial terms, and counterparty data, and not to disclose such information to any third party without proper authorization, except as required by law.
Nothing in these Terms shall be construed as creating any agency, partnership, joint venture, or fiduciary relationship between Wocap and any User, or between Users.
All intellectual property rights related to the Wocap platform and website—including but not limited to the software, user interface, databases, algorithms, visual content, logos, trademarks, and proprietary documentation—are and shall remain the sole and exclusive property of Wocap or its licensors.
You may not:
Subject to your compliance with these Terms, Wocap grants you a limited, non-exclusive, non-transferable, and revocable right to access and use the platform solely for your internal business purposes.
Any feedback, suggestions, or ideas provided by Users regarding the Services may be used by Wocap without restriction or obligation.
The Services are provided "as is" and "as available," without warranties of any kind, whether express or implied, including availability, accuracy, or fitness for a particular purpose.
Wocap does not warrant uninterrupted or error-free operation.
To the maximum extent permitted by law, Wocap shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, revenue, data, or business interruption.
Except in cases of gross negligence or willful misconduct, Wocap's total cumulative liability shall not exceed the total amount paid (if any) by the User for the Services during the twelve (12) months preceding the event giving rise to the claim.
Wocap may update these Terms at any time. Material changes will be communicated via the Website or email.
Continued use constitutes acceptance of the revised Terms.
These Terms and any dispute arising out of or in connection with them (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of Greece, without regard to its conflict of law rules.
The competent courts of Athens, Greece shall have exclusive jurisdiction to resolve any dispute or claim arising out of or in connection with these Terms, unless otherwise required by mandatory provisions of applicable law.
Wocap is fully committed to protecting your privacy and complying with applicable data protection laws, including the EU General Data Protection Regulation (GDPR).
Wocap acts as a Data Processor with respect to the personal data of Suppliers processed on behalf of Buyers via the platform, and as a Data Controller for user registration and platform usage data.
We collect and process only the data necessary to:
Wocap implements appropriate technical and organizational safeguards, including ISO/IEC 27001 certified information security practices, encryption, access controls, data backup protocols, and role-based permissions to protect against unauthorized access, disclosure, or loss of data.
Wocap may use carefully selected third-party service providers (subprocessors) to support core functionalities (e.g., cloud hosting or analytics), all bound by data protection agreements and confidentiality obligations.
Users are responsible for the accuracy, completeness, and validity of all data uploaded to the platform. Wocap does not verify such data.
Users have the right to access, correct, or request the deletion of their personal data in accordance with GDPR. Requests can be submitted at: info@wocap.io.
For more details, please refer to our full Privacy Policy.
Either party may terminate these Terms for convenience with thirty (30) days' prior written notice. Termination will not affect rights or obligations accrued before the termination date.
Wocap reserves the right to suspend or terminate your access to the platform immediately and without prior notice if you:
Upon termination:
These Terms, together with any policies, legal notices, or platform-specific documents referenced herein, constitute the entire agreement between you and Wocap concerning your access to and use of the platform. They supersede all prior and contemporaneous understandings or agreements, whether written or oral.
If any provision of these Terms is found to be invalid, illegal, or unenforceable by a competent authority, that provision shall be modified or interpreted to the minimum extent necessary to make it enforceable, and the remaining provisions shall remain in full force and effect.
No failure or delay by either party to exercise any right, power, or remedy under these Terms shall constitute a waiver of that right or any other rights. Any waiver must be in writing and signed by the waiving party.
You may not assign or transfer any of your rights or obligations under these Terms without prior written consent from Wocap. Wocap may freely assign or transfer these Terms in connection with a merger, acquisition, or sale of assets, or to any affiliate.
Neither party shall be liable for any delay or failure in performance resulting from events beyond its reasonable control, including but not limited to acts of God, natural disasters, internet or telecommunications outages, labor disputes, governmental actions, or acts of war.