1. Introduction
Welcome to Bueno Technologies Pte. Ltd. ("Bueno"). By using our services at Bueno and Bueno Account, you agree to comply with these Terms and Conditions. Please read them carefully.

2. Definitions

• "Bueno Account" or "CMP": Bueno's trade credit management, digital invoicing, accounts receivable, and accounts payable platform.
• "Seller": A legal entity or business owner that has created a Bueno Account, is the Invoice issuer, and has entered into a Commercial Agreement with Bueno, supplying goods or services to a Buyer under a contract of sale.
• "Buyer": A legal entity or business owner that has created a Bueno Account and is the invoice recipient to which the Seller has supplied goods or services under a contract of sale and is responsible for the payment of the related Invoice.
• "Commercial Agreement": A legally valid and enforceable financing agreement entered into between Bueno and the Seller to assign or sell Account or Invoice to Bueno or the Funder, allowing the Seller to offer deferred payment to its Buyers on a without recourse basis underwritten by Bueno, the Funder, or the Insurance Provider on or through the Bueno Account.
• "Payment Obligation Acknowledgement": The digitally executed onboarding letter or document issued by Bueno and endorsed by the Buyer, pursuant to which the Buyer agrees to be bound by Bueno’s platform-wide payment terms, policies, and enforcement framework, including liability for late payment fees, legal fees, and collection costs.
• "Payment Obligation Acceptance": The digitally executed letter or document issued by Bueno and accepted by the Buyer in relation to a specific Account or Invoice, confirming the validity of that transaction, consenting to its assignment, and unconditionally agreeing to make payment in full to Bueno by the stated Due Date, including acceptance of any associated fees or charges.
• "Funder": The funding partner providing financing to the Seller, which includes but is not limited to Account or Invoice payment advancement for the goods or services supplied under a contract of sale issued by the Seller to the Buyer on or through the Bueno Account, where the Buyer bears the liability to complete the full Account or Invoice payment on or before the Due Date, which is directly or indirectly assigned to Bueno, the Funder, the Insurance Provider, or their agents under a Commercial Agreement.
• "Insurance Provider": The insurance partner that underwrites the Account or Invoice on or through the Bueno Account and assumes payment Collection and insurance claims responsibilities on overdue payments after the Account’s or Invoice’s longest maturity.
• “Invoice”: The demand for the sum due for the goods or services supplied under a contract of sale issued by or on behalf of the Seller to the Buyer, which is directly or indirectly assigned to Bueno, the Funder, the Insurance Provider, or their agents under a Commercial Agreement on a without recourse basis.
• “Account”: All accounts receivable arising from sales of goods or services supplied under a contract of sale with an Invoice issued by or on behalf of the Seller to the Buyer, including those under any trade names, through any divisions and any selling agent of the Seller, created, processed, or transacted on or through the Bueno Account.
• “Account Debtor”: Outlined in the SOGA and shall include the Buyer, the Seller, or any person liable on Account, including but not limited to the Account guarantors.
• “Business Day”: Any day excluding Saturday, Sunday, and any day that is a legal public holiday under the laws of Singapore or on which banking institutions located in Singapore are closed.
• “Due Date”: Any Account or Invoice, the date on which payment of that Account or Invoice is contractually due from the Account Debtor, being the date specified in the Invoice or, if not specified, calculated as the Invoice issue date plus the agreed payment terms (e.g. 30, 60, or 90 days), or otherwise such date as determined under applicable laws of Singapore.
• “Collection”: All good funds and payments received from any actions taken by Bueno, the Funder, the Insurance Provider, or their agents to demand, enforce, recover, or otherwise obtain payment of amounts due from an Account Debtor under an Account or Invoice, whether by reminders, notices, negotiations, third-party collection services, legal proceedings, enforcement actions, or any other lawful means.
• “Credit Risk”: The risk that the Account Debtor will fail to pay the Account or Invoice in full by the Due Date solely because of the Account Debtor’s financial inability to pay. Financial inability to pay means the Account Debtor’s failure to make payment of an Account or Invoice by the Due Date arising from insolvency, bankruptcy, liquidation, suspension of business operations, or other financial incapacities, but excludes any failure to pay caused by commercial disputes, set-offs, Fraud, or other non-financial reasons.
• “Fraud”: Any act, omission, misrepresentation, or concealment of a material fact (whether by the Seller, its officers, employees, agents, contractors, any person acting on its behalf, or the Buyer) committed in connection with this Agreement, any Account, Invoice, or trade transaction, where such act, omission, misrepresentation, or concealment is: (i) Knowingly false; (ii) made without belief in its truth; or (iii) made recklessly, meaning with conscious disregard for, or wilful blindness to, information or circumstances indicating that the matter is untrue, inaccurate, misleading, or incomplete.
• “SOGA”: The Sale of Goods Act (Cap. 393 of Singapore) as in effect on the date hereof in Singapore, as amended from time to time, and any successor statute.

3. Services
Bueno provides a digital software platform for managing business-to-business (“B2B”) trade credit sales and procurements.
Bueno facilitates Account and Invoice payment advancement to B2B Sellers for the goods or services supplied under a contract of sale issued by the Seller to the Buyer on or through the Bueno Account, where the Buyer bears the responsibility and liability to complete the Account or Invoice payment by the Due Date.
Services include credit assessment, digital invoicing, trade credit management, accounts receivable management, accounts payable management, and facilitating, financing, transacting, and processing B2B sales, trades, procurements, purchases, and payments.

4. User Obligations

• 4.1 Compliance: Users must comply with all applicable laws in Singapore, including data protection laws.
• 4.2 Accurate Information: Users are responsible for providing accurate and complete information.
• 4.3 Confidentiality: Users must maintain the confidentiality of their login credentials.

5. Data Protection

• 5.1 Data Collection: We collect personal and business information necessary for providing our services in compliance with Singapore's Personal Data Protection Act (PDPA).
• 5.2 Data Use: Data will be used for credit management, compliance checks, and service improvements.
• 5.3 Data Sharing: Information may be shared with partners and regulatory authorities as necessary. All data sharing is conducted per applicable laws.
• 5.4 Security: We implement appropriate technical and organisational measures to safeguard user data.

6. Fees and Payments

• 6.1 Platform Fee: Platform fees are based on the terms of your Commercial Agreement and the Bueno Account.
• 6.2 Late Payment Fee: Late payment fees apply as specified in the Commercial Agreement, Payment Obligation Acceptance letter and the Bueno Account.
• 6.3 Payment Method: Payments must be made through approved methods detailed in the Commercial Agreement and Bueno Account.
• 6.4 Payment Obligation Acceptance and Enforcement: Buyer may be required to confirm payment obligations through a Payment Obligation Acceptance letter or document, digitally executed on or through the Bueno Account.
• 6.4.1 Upon digital acceptance or endorsement, the Buyer acknowledges the validity and enforceability of the invoiced amount, and undertakes to make full payment by the specified Due Date without deduction, set-off, or counterclaim, and agrees that in the event of non-payment or late payment, a late payment fee of 3% per month (or part thereof) may be charged on the overdue amount, and the Buyer bear all reasonable collection costs, legal fees, and administrative charges incurred by Bueno or its Funder in recovering the debt.
• 6.4.2 The Buyer's digital acceptance or endorsement of a Payment Obligation Acceptance letter or document shall constitute a binding and enforceable commitment under Singapore law, including the Contracts (Electronic Transactions) Act 2010 (Cap. 48A).

7. Limitation of Liability

• 7.1 No Liability for Default: Bueno is not liable for defaults or disputes arising from acts of God, civil unrest, or other force majeure events.
• 7.2 No Warranties: Services are provided "as is" without warranties of any kind.
• 7.3 Indemnification: Users agree to indemnify Bueno against any claims arising from their use of the platform or breach of these terms.

8. Termination

• 8.1 Termination by Seller: Seller may terminate the Commercial Agreement and Bueno Account with a 30-day written notice.
• 8.2 Termination by Bueno: Bueno may terminate the Commercial Agreement and Bueno Account for breach of terms, insolvency, or at its discretion with appropriate notice.

9. Governing Law
These Terms and Conditions are governed by the laws of Singapore. Disputes will be resolved under the laws of Singapore.

10. Modifications
Bueno reserves the right to modify these Terms and Conditions at any time. Users will be notified of changes via the Bueno Account or email.

11. Confidentiality
Seller and Buyer agree to keep all information obtained through the use of the platform confidential and not disclose it without written consent, except as required by Law.

12. Insurance
Accounts and Invoices are insured as per agreements with Bueno, the Funder, and the Insurance Provider, ensuring trade credit-risk coverage for Account and Invoice payment advancements.

13. Arbitration
Disputes that cannot be resolved amicably will be referred to arbitration under the rules of the Singapore International Arbitration Centre (SIAC).

14. Contact Information
For questions regarding these Terms and Conditions, please get in touch with Bueno at:

• Company registered name: Bueno Technologies Pte. Ltd.
• Company registered number: 202128505G
• Company registered address: 68 Circular Road, #02-01, Singapore 049422
• Contact email: hi@bueno.money
• Contact number: +65 9889 6427

By accessing or using our Services or otherwise manifesting your consent to these Terms and Conditions (the "T&C"), you signify that you have read, understood and agree to the T&C and our collection, storage, use and disclosure of your personal information as described in this Privacy Policy. Additionally, by submitting your application to obtain a Bueno Account, you signify that you have read, understood, and agree to be bound by the T&C.

You also agree to receive all notices and other communications from us electronically. Bueno reserves the right to make unilateral modifications to the T&C and will provide notice of these changes by posting an updated version to the Legal Page. If you are the individual applying for the Bueno Account, you represent and warrant that you are an authorised representative of the Seller or Buyer with authority to bind the Seller or Buyer to the T&C and that you agree to the T&C on the Seller's or Buyer's behalf.