Non-Custodial, Explained: How Daili Keeps Your Money Safe

"Non-custodial" is one of those words that sounds more complicated than it actually is. If you've seen it on our site and wondered what it really means for your money, here's the plain-language version.

The short answer

Daili does not hold your money. When you save through Daili Savings, your Naira sits in an account maintained by one of our licensed banking or payment partners — not in an account controlled by Daili Technologies Limited. We build the app you use to set goals, track progress, and manage your money. Our partners handle the actual holding and movement of funds, under their own regulatory license.

Why build it this way?

Holding customer deposits directly is a heavily regulated activity reserved for licensed banks and deposit-taking institutions. Daili is a technology company — we're not a bank, not a microfinance institution, and not a lender. Rather than trying to become all of those things at once, we partner with institutions that already meet that regulatory bar, and focus on building the best possible experience on top of their infrastructure.

Who actually holds the money?

Our current infrastructure partners are Monnify and Moniepoint, both licensed payment infrastructure providers. As we grow, we expect to add banking partners including Providus Bank and Wema Bank, and payment partners like Paystack. Whichever partner is powering a given feature, the same principle holds: your funds sit with them, under their license, not with us.

What this means for you, practically

• You get the benefit of a simple, easy-to-use savings and business app;
• Your money is protected by the regulatory safeguards that apply to our licensed partners;
• If you ever have a dispute about a transaction, Daili's support team will help investigate and, where the issue involves a partner's system, liaise with that partner directly on your behalf.

For the full detail, our Terms & Conditions and Product Policy lay out exactly how this works, including our complete list of current and expected partners.