Welcome to Monelyx. Your privacy is of paramount importance to us. This Privacy Policy explains how Monelyx LLC. ("we", "us", "our") collects, uses, shares, and protects your personal information when you use our mobile application and our website (collectively, our "Services").
1. Information We Collect
We collect several types of information in connection with the Services, including:
- Account Information: When you register, we collect your name, email address, and password.
- Financial Data: Information you enter into the app, such as account names, balances, transactions, budgets, categories, and labels. This information is fundamental to the operation of the Services.
- Usage Data: We collect information about how you interact with our Services, such as the features you use and frequency of use, to help us improve the app.
2. How We Use Your Information
We use the information we collect to:
- Provide, maintain, and improve our Services.
- Personalize your experience in the app.
- Communicate with you, including sending verification emails and important service notifications.
- Protect the security of our Services and our users.
3. How We Share Your Information
We do not sell or rent your personal information. We may share your information only in the following circumstances:
- With Service Providers: We work with third-party service providers for database hosting, infrastructure, and analytics. These providers only have access to the information necessary to perform their functions and are obligated to protect it.
- By Legal Requirements: We may disclose your information if required to do so by law or in response to valid requests by public authorities.
- With AI Providers We share anonymized transaction descriptions and amounts with our AI partners (Google Gemini) solely to generate insights and categorizations. We do not share your personal identifiers (name, email) with these models.
- With Financial Aggregators To sync your bank accounts, your login credentials and data are processed directly by Plaid. Monelyx never sees or stores your bank passwords.
4. Security of Your Data
We implement technical and organizational security measures to protect your personal information. This includes data encryption in transit and at rest, and the use of secure development practices. However, no system is 100% secure, and we cannot guarantee the absolute security of your information.
5. Your Privacy Rights
Depending on your location, you may have certain rights over your personal information, such as the right to access, correct, or delete the data we have about you. You can manage most of your information directly from the "Settings" section of the app. For other requests, please contact us.
6. Changes to this Policy
We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new policy on this page and, if the changes are significant, we will provide you with a more prominent notice (such as an email notification).
7. Contact
If you have any questions about this Privacy Policy, please contact us at privacy@monelyx.com.