kimbocorp is a platform for advisors and entrepreneurs to create, manage, and monetise real businesses. Registered in Singapore with filing agent status, our mission is to power global commercial ambitions through people and purpose.
kimbocorp may, from time to time, invite users to (a) refer prospective clients for a kimbocorp company plan, or (b) sell or introduce their own services in connection with a kimbocorp client relationship, and to earn a commission as set out below (the "programme"). The programme is separate from, and additional to, the main terms and conditions.
To participate and earn a commission, a person ("participant") must:
3.1 Referral commission. For referrals under clause 4.1 (Feasibility referrals) and clause 4.2 (Company activation referrals), the commission rate is 20% of the amount actually received by kimbocorp in respect of the relevant Feasibility fee or activation fee, payable by kimbocorp to the participant. Commission is one-time only - there is no recurring, renewal, or ongoing component, regardless of how long the referred client or service relationship continues.
3.2 Own-service platform fee. For own-service or other referrals under clause 4.3, kimbocorp retains a platform fee of between 6% and 12% of the amount kimbocorp actually receives in respect of the relevant service fee, with the balance remitted to the participant. The applicable rate within this range is determined by kimbocorp at its discretion, and is disclosed to the participant before the relevant engagement proceeds. Once disclosed and the engagement has proceeded on that basis, the rate applicable to that specific engagement will not be increased retrospectively.
Commission is earned and becomes payable at different points depending on the type of referral, as follows:
4.1 Feasibility referrals. Where a participant refers a prospective client who takes up a kimbocorp Feasibility Option, commission is earned once kimbocorp has actually received the Feasibility fee from the referred client. Commission under this clause is payable regardless of whether the referred client subsequently formalises into a Full Activation, and is separate from, and additional to, any commission earned under clause 4.2.
4.2 Company activation referrals. Where a participant refers a prospective client who takes up a kimbocorp company plan, commission is earned only once kimbocorp has actually secured a functional bank or EMI account for the referred company - i.e., once the banking guarantee outcome under clause 5.6 of the main terms and conditions has been met. Commission is not earned merely because the activation fee has been paid; if banking is never secured and a refund becomes due under clause 5.6 of the main terms, no commission is payable. Where a participant has already earned commission under clause 4.1 in respect of the same client's earlier Feasibility referral, commission under this clause 4.2 is earned in addition, not instead.
4.3 Own-service or other referrals. Where a participant refers, sells, or introduces their own service in connection with a kimbocorp client relationship, kimbocorp's platform fee under clause 3.2 is deducted upon kimbocorp's actual receipt of the relevant payment for that service, and the balance is remitted to the participant.
4.4 Excluded work and partial payments. Notwithstanding any other provision of this programme, no commission is payable in respect of:
4.5 Payout timing. Amounts payable to a participant under clause 4.1, 4.2, or 4.3 in a given calendar month are paid on the 20th or 21st day of the following calendar month, together with a statement showing the basis of calculation. There is no partial or early payout ahead of this cycle, save as affected by clause 4.7 (minimum payout threshold).
4.6 Payout method. The participant nominates a preferred payout method via the kimbocorp portal, from the following supported methods only:
No other payout method is supported. kimbocorp will pay commission using the nominated method, less any bank charges, transfer fees, or platform fees (e.g., PayPal's own processing fee) that kimbocorp itself incurs in making the payment.
4.7 Minimum payout threshold. No payout is made until the participant's accumulated, earned, and unpaid amounts - pooling amounts under clauses 4.1, 4.2, and 4.3 together - reach SGD 400. Amounts below this threshold are not paid out but carry forward and accumulate toward the next payout cycle (per clause 4.5) until the threshold is met, at which point the full accumulated amount is paid.
4.8 Status tracking. kimbocorp tracks and updates the status of each participant's payable amount (e.g., pending, confirmed, scheduled, paid) via its own portal; status is not self-reported by the participant. kimbocorp will show the participant the amount expected to be paid and an estimated payout date. kimbocorp reserves the right to revise either - including delaying a payout - where circumstances change, including but not limited to a bank or EMI ultimately not supporting the account, or delay in confirming the trigger event under clause 4.1, 4.2, or 4.3.
5.1 Referral commission (clauses 4.1 and 4.2). Where a payment giving rise to a commission under clause 4.1 or 4.2 is later refunded, reversed, or charged back for any reason (including under clause 5.6 or 5.7 of the main terms and conditions), no commission is payable in respect of it. Where commission has already been paid on a payment that is subsequently refunded, reversed, or charged back, kimbocorp reserves the right to deduct the amount from any future commission owed to the participant, or to invoice it directly.
5.2 Own-service platform fee (clause 4.3). Where a payment in respect of which kimbocorp retained a platform fee under clause 3.2 and remitted a balance to the participant under clause 4.3 is later refunded, reversed, or charged back for any reason, kimbocorp will not retain any platform fee on that payment, and kimbocorp reserves the right to deduct the amount already remitted to the participant from any future amount owed to the participant, or to invoice it directly.
Participation in the programme does not create an employment, partnership, agency, or joint venture relationship between kimbocorp and the participant. The participant is solely responsible for any tax obligations arising from commission received, and kimbocorp makes no representation as to the tax treatment of such payments.
The following will result in forfeiture of any commission otherwise due, and may result in removal from the programme:
kimbocorp reserves the right to amend, suspend, or discontinue the programme, or any individual participant's participation in it, at any time and without liability, including where kimbocorp reasonably suspects conduct under clause 7. Commission already earned (per clause 4) prior to any such change remains payable on the terms in place when it was earned.
This document applies in addition to kimbocorp's main terms and conditions. In the event of any conflict specifically concerning referral or commission mechanics, this document prevails; in all other respects, the main terms and conditions continue to apply, including to the participant's own company plan, if any.
kimbocorp is a platform for advisors and entrepreneurs to create, manage, and monetise real businesses. Registered in Singapore with filing agent status, our mission is to power global commercial ambitions through people and purpose.
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