Terms of Service

1. Identification of the provider

The Advanta platform is operated by Advanta Lda., a Portuguese commercial company with its registered office in Portugal, hereinafter referred to as “Advanta”, “we” or “the platform”.

2. Purpose and scope

These Terms of Service (“Terms”) govern access to and use of the Advanta digital platform, which provides intermediation services for factoring and confirming operations aimed at small and medium-sized enterprises (SMEs) with a registered office or establishment in Portugal.

By accessing or using the platform, the user declares that they have read, understood and fully accepted these Terms. If the user does not agree with any provision, they should refrain from using the service.

3. Definitions

• Client: a company that registers on the platform to assign trade receivables (factoring) or to confirm payments to suppliers (confirming).
• Factor: the financial institution or authorised entity that acquires the receivables assigned by the Client.
• Platform: the set of web pages, applications and APIs made available at advanta.capital and app.advanta.pt.
• Trade Receivable: an invoice or claim arising from a commercial relationship between the Client and its debtor.

4. Registration and user account

To use Advanta's services, the user must create an account by providing true, complete and up-to-date information. The user is responsible for:

• Maintaining the confidentiality of their access credentials;
• All activities carried out on their account;
• Immediately notifying Advanta in the event of unauthorised use.

Advanta reserves the right to suspend or close accounts that breach these Terms, that provide false information or that show evidence of fraudulent activity.

5. Factoring services

Through the platform, the Client may submit trade receivables for a treasury advance. The process includes:

1. Submission of the invoices by the Client on the platform;
2. Analysis and validation of the eligibility of the receivables;
3. Presentation of a proposal setting out the advance amount, discount rate and applicable conditions;
4. Acceptance by the Client and formalisation of the assignment of receivables;
5. Transfer of the advanced amount to the Client's bank account.

The specific conditions of each operation (rate, term, fees) are communicated individually before acceptance and form an integral part of the contractual agreement.

6. Confirming services

Confirming allows the Client to offer its suppliers the early payment of invoices. Advanta acts as an intermediary between the Client, its suppliers and the financing entities, under the terms agreed for each operation.

7. Obligations of the Client

The Client undertakes to:

• Provide truthful information and authentic documentation;
• Ensure that the assigned receivables are legitimate, free of encumbrances and not subject to dispute;
• Not assign the same receivable to more than one entity;
• Comply with all tax and legal obligations applicable to its activity;
• Immediately report any material change in the financial situation of the company or of its debtors.

8. Pricing and financial conditions

The rates, fees and other financial conditions applicable to each operation are presented transparently before acceptance by the Client. Advanta may charge:

• A discount rate on the nominal value of the advanced receivables;
• A service fee for the use of the platform;
• Additional charges in the event of default by the debtor, under the terms previously agreed.

9. Intellectual property

All content on the platform — including texts, graphics, logos, icons, images, software and source code — is the property of Advanta or its licensors and is protected by the applicable intellectual property legislation.

The reproduction, distribution, modification or commercial use of any platform content without Advanta's prior written authorisation is prohibited.

10. Limitation of liability

Advanta makes all reasonable efforts to ensure the availability and proper functioning of the platform. However, it does not guarantee:

• The uninterrupted or error-free operation of the platform;
• The approval of all submitted operations;
• Payment by debtors within the agreed terms.

Advanta shall not be liable for indirect damages, loss of profits or losses arising from service interruptions, technical failures or commercial decisions taken on the basis of information from the platform, except in the cases provided for by law.

11. Protection of personal data

The processing of personal data is carried out in accordance with the General Data Protection Regulation (GDPR) and the applicable national legislation. For detailed information, please see our Privacy Policy.

12. Communications

By registering on the platform, the user consents to receiving electronic communications relating to the service, including operational notifications, updates on the status of operations and regulatory information. The user may opt out of receiving marketing communications at any time.

13. Amendment of the terms

Advanta reserves the right to amend these Terms at any time. Changes will be communicated to the user with a minimum of 15 business days' notice, by email or notification on the platform. Continued use of the service after the changes take effect constitutes acceptance of them.

14. Dispute resolution

These Terms are governed by Portuguese law. For the resolution of any disputes arising from the use of the platform, the parties submit to the exclusive jurisdiction of the courts of the district in which Advanta's registered office is located, without prejudice to recourse to alternative dispute resolution mechanisms.

15. Final provisions

If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions shall retain their full validity and effect. Advanta's forbearance in respect of any breach does not constitute a waiver of the right to require subsequent compliance.

16. Contact

For questions relating to these Terms, please contact us at diogo@advanta.pt.