Clarification Regarding Certain Claims Circulating Online

Over the past few days, certain malicious posts circulated on social media have relayed inaccurate and misleading information regarding the activities of Daba.

We would like to provide clarification in order to reassure our community and set the record straight.

Daba has been operating for more than four and a half years with a clear mission: to democratize investing across Africa and enable African and international investors to access the continent’s economic opportunities more easily.

Since its creation, the platform has served thousands of users worldwide and facilitated transactions representing several million dollars across multiple African markets.

The trust of our users and the transparency of our operations remain at the core of our commitment.

Security of Funds and Account Access

We want to be perfectly clear: client assets remain fully secure on the Daba platform and are held with authorized custodians and depository institutions, in accordance with the regulatory frameworks and requirements applicable to each asset class.

All users can continue to:

• view their investments and account balances
• access their accounts normally
• withdraw cash balances when available

The security of our users’ assets remains our highest priority.

Clarification Regarding Certain Claims Circulating Online

Certain posts circulating on social media have claimed or implied that Daba is a “scam” or that users would no longer be able to access their funds.

These claims are false and without any factual basis. In several instances, the social media accounts spreading these allegations do not appear to be verified users of the platform. These claims appear to originate from individuals whose intentions are questionable, who aim to confuse our customers and who are spreading misleading information likely to create unnecessary concern among the public.

These statements in no way reflect the reality of our operations or the experience of the thousands of users who use the platform every day and have done so for several years.

Temporarily Limited Features for Certain Users

Some users located in Francophone West Africa may currently experience temporary limitations on certain features, including:

• deposits of new funds
• trading operations

These temporary restrictions apply only to users connecting from this region. The platform’s functionalities remain fully accessible to users located in other regions, who can continue to use all services normally, in accordance with applicable regulatory requirements.

As a result of these temporary adjustments, new account registrations from this region have also been temporarily paused, and a waitlist has been established for users who wish to access our services.

We recognize the growing interest and enthusiasm for the Daba platform across the region and thank users for their patience and understanding during this adjustment period.

Our teams are actively working to restore full functionality as quickly as possible.

Regulatory Framework and Compliance

Since its inception, Daba has been committed to operating in full compliance with applicable regulatory frameworks and the highest standards of financial compliance (see compliance page).

In order to ensure compliance with applicable regulations, Daba operates through a set of licensed entities within its group as well as partnerships with duly licensed local financial institutions, allowing the platform to offer its services across different African markets within a structured legal framework.

As part of its continued expansion and development in the region, Daba has also been engaged for several months in the process of obtaining authorization from the Financial Markets Authority of the WAEMU (AMF-UMOA).

This initiative aims to further strengthen our regulatory presence in the region, offer innovative financial services, promote financial inclusion across the zone, and continue improving the protection and transparency offered to our users.

Our Commitment and Vision

Daba was founded with the ambition of contributing to the development and democratization of African capital markets.

This ambition remains unchanged: to build investment infrastructure that enables Africans and investors around the world to access the continent’s economic opportunities.

We believe that the future of Africa depends on broader access to investment opportunities, stronger financial inclusion, and modern financial infrastructure.

In this spirit, Daba adopts an open and inclusive approach toward all participants in the financial ecosystem.

We do not typically comment publicly on unfounded accusations, as doing so diverts us from our mission and our work in service of our users and the African continent. However, Daba reserves the right to take any appropriate measures necessary to protect its image, reputation, integrity, and the trust of its community against the dissemination of false, misleading, or defamatory information.

We sincerely thank our community for their continued trust and support.

For any questions or assistance, our team remains available through in-app customer support.

Daba Finance

March 12th 2026