This is the default tier for new users who sign up on Sycamore
Full Name
Email Address
Mobile Number
Airtime & Data - 0
Cable & Electricity - 0
Transfers - 0
Loan Friends - 0
Airtime & Data - 0
Cable & Electricity - 0
Transfers - 0
Loan Friends - 0
Open
This is the next tier after Tier 0
In addition to Tier 0 requirements:
Full Personal details including Address
Selfie
BVN or NIN
Verified Email
Verified Phone number
Airtime & Data - 50,000
Cable & Electricity - 50,000
Transfers - 50,000
Loan Friends(Lender) - 200,000
Airtime & Data - 50,000
Cable & Electricity - 50,000
Transfers - 200,000
Loan Friends(Lender) - 200,000
Open
This is the next tier after tier 1. The limits on this tier are what is currently applicable to all Sycamore users.
In addition to Tier 0 and Tier 1 requirements:
Valid Government ID - one of an International Passport, Drivers’ Licence, Voter’s card
Utility Bill - showing the customer’s address submitted during onboarding
Airtime & Data - 50,000
Cable & Electricity - 50,000
Transfers - 500,000
Loan Friends(Lender) - 1,000,000
Airtime & Data - 100,000
Cable & Electricity - 100,000
Transfers - 1,000,000
Loan Friends(Lender) - 1,000,000
Open
Users who accept the terms and conditions on the Indemnity Contract in the app will be upgraded to this tier
In addition to Tier 0, Tier 1 and Tier 2 requirements:
Indemnity Contract
Airtime & Data - 100,000
Cable & Electricity - 100,000
Transfers - 5,000,000
Loan Friends - 1,000,000
Airtime & Data - 100,000
Cable & Electricity - 100,000
Transfers - 5,000,000
Loan Friends(Lender) - 5,000,000
Open