Privacy Policy

Last Updated: January 7, 2026

1. Introduction

StockIt ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our B2B procurement platform for schools and vendors.

By using StockIt, you agree to the collection and use of information in accordance with this policy.

2. Information We Collect

2.1 Information You Provide

  • Account Information: Name, email address, phone number, organization name, and role
  • Business Information: School details, vendor information, bank account details (for payouts)
  • Transaction Data: Requisitions, purchase orders, payment information, and delivery records
  • Communication Data: Messages, comments, and correspondence through our platform

2.2 Automatically Collected Information

  • Usage Data: IP address, browser type, device information, pages visited, and time spent on pages
  • Cookies and Tracking: We use cookies to enhance your experience and analyze platform usage
  • Log Data: Server logs, error reports, and system performance data

3. How We Use Your Information

We use the collected information for the following purposes:

  • To provide and maintain our procurement platform services
  • To process requisitions, purchase orders, and payments
  • To facilitate vendor payouts and financial transactions
  • To manage user accounts and authentication
  • To send notifications, updates, and important communications
  • To improve our platform, analyze usage patterns, and enhance user experience
  • To detect, prevent, and address technical issues and security threats
  • To comply with legal obligations and enforce our terms of service

4. Data Sharing and Disclosure

We do not sell your personal information. We may share your information in the following circumstances:

4.1 Service Providers

We may share data with third-party service providers who assist us in operating our platform, including payment processors (Paystack), cloud hosting services, and analytics providers.

4.2 Business Transactions

Information may be disclosed in connection with a merger, acquisition, or sale of assets, subject to confidentiality agreements.

4.3 Legal Requirements

We may disclose information if required by law, court order, or government regulation, or to protect our rights, property, or safety.

4.4 With Your Consent

We may share information with your explicit consent or at your direction.

5. Data Security

We implement industry-standard security measures to protect your information, including:

  • Encryption of data in transit and at rest
  • Secure authentication and access controls
  • Regular security audits and vulnerability assessments
  • Employee training on data protection
  • Compliance with relevant data protection regulations

However, no method of transmission over the Internet or electronic storage is 100% secure. While we strive to protect your data, we cannot guarantee absolute security.

6. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this policy, comply with legal obligations, resolve disputes, and enforce our agreements. Transaction and financial records may be retained for longer periods as required by law.

7. Your Rights

Depending on your location, you may have the following rights regarding your personal information:

  • Access: Request a copy of the personal information we hold about you
  • Correction: Request correction of inaccurate or incomplete information
  • Deletion: Request deletion of your personal information, subject to legal requirements
  • Objection: Object to certain processing of your information
  • Portability: Request transfer of your data to another service provider
  • Withdrawal of Consent: Withdraw consent where processing is based on consent

To exercise these rights, please contact us at privacy@stockitng.com.

8. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to track activity on our platform and store certain information. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our platform.

9. Children's Privacy

Our platform is designed for use by schools and businesses, not by individuals under the age of 18. We do not knowingly collect personal information from children. If you believe we have collected information from a child, please contact us immediately.

10. International Data Transfers

Your information may be transferred to and processed in countries other than your country of residence. These countries may have data protection laws that differ from those in your country. We take appropriate measures to ensure your data is protected in accordance with this Privacy Policy.

11. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last Updated" date. You are advised to review this Privacy Policy periodically for any changes.

12. Contact Us

If you have any questions about this Privacy Policy, please contact us: