By accessing or using the Wocap website (the “Site”) and/or the Wocap platform (together, the “Services”), you acknowledge that you have read, understood, and agree to be legally bound by these Terms of Use (the “Terms”), as well as our Privacy Policy. These Terms form a binding agreement between you and Wocap and are governed by the laws of Greece.
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 your full acceptance of these Terms and any future modifications thereto.
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 can gain accelerated access to working capital on their own terms.
The service enables both parties to engage in automated, transparent, and mutually beneficial auction processes, without the involvement of financial institutions, lending products, or traditional factoring.
Wocap’s services are sector-agnostic and adaptable to various enterprise resource planning (ERP) environments, offering seamless integration and data automation to support working capital optimization at scale.
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 reject or suspend accounts that do not meet its eligibility criteria, at its sole discretion.
To access and use Wocap’s platform, Users must complete the registration process by submitting accurate and truthful company and contact information. Each account is linked to a specific legal entity and its authorized representatives. You are solely responsible for maintaining the confidentiality and security of your account credentials (including usernames and passwords), and for all activity that occurs under your account.
You agree to:
Wocap shall not be liable for any loss or damage resulting from your failure to safeguard login information or unauthorized use of your account.
You agree to use the Wocap platform solely in accordance with these Terms, applicable laws and regulations, and in line with your company’s internal policies and authorizations.
Specifically, you shall not:
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 the relevant parties. Users remain solely responsible for ensuring that such transactions are appropriate and legally permissible under their internal policies and regulatory obligations.
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, without prior written consent from Wocap:
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.
To the maximum extent permitted by law, neither party shall be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, revenue, data, or business interruption, even if advised of the possibility of such damages.
Except in cases of (a) indemnification, (b) gross negligence or willful misconduct, or (c) failure to pay fees, the total cumulative liability of either party shall not exceed the total amount paid (or payable) by the Customer for the Services in the six (6) months preceding the event giving rise to the claim.
This limitation shall not apply in cases of gross negligence, willful misconduct, or fraud.
To the fullest extent permitted by law, Wocap shall not be liable for any indirect, incidental, or consequential damages. Our total liability is limited to the amount paid (if any) by you for using our services in the 12 months prior to any claim.
Wocap reserves the right to amend or update these Terms at any time. Any material changes will be communicated to Users via a prominent notice on the website or by email.
Your continued access or use of the platform after such notification shall constitute your acceptance of the revised Terms. We encourage you to review the Terms periodically to ensure you remain informed of any updates.
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 has implemented appropriate technical and organizational safeguards, including ISO 27001-aligned policies (certification pending), 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 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.