Privacy Policy

Welcome to Crbit Inc. We are committed to protecting your personal information and respecting your privacy rights. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our advanced personal finance application and related services (collectively, the "Services").

Crbit is a sophisticated personal finance app that allows users to track their money, collaborate with others, perform financial oversight, change categories, review recurring transactions, add receipts, split transactions, and set up profiles for personal, family, couple, and more. By accessing or using our Services in the United States and Canada, you agree to this Privacy Policy. If you do not agree with its terms, please do not use the Services.

2.1 Information You Provide to Us

Account Registration: When you create an account, we collect personal information such as your name, email address, and a password.
Profile Information: You may choose to add additional information to your profile, such as a profile picture or financial goals.
Communications: If you contact us directly, we may receive additional information about you, such as your name, email address, and the content of your message.
User Content: Information you provide when using the Services, including transaction categories, receipts, notes, and any other content you add to your account.
Collaboration Data: When you choose to share your financial data with your connections (e.g., family members, partners), all your financial data is shared with them. Currently, users do not have the ability to select specific information to share or restrict.

2.2 Information Collected via Plaid

We use Plaid Inc. ("Plaid") to securely access and gather your financial data from your linked bank accounts and financial institutions. Plaid provides us with read-only access to your financial transactions, account balances, recurring transactions, and other relevant financial data. We do not collect or store your bank login credentials.

By using our Services and connecting your financial accounts, you acknowledge and agree to Plaid’s Privacy Policy, which can be found at https://plaid.com/legal/#end-user-privacy-policy.

2.3 Information Automatically Collected

Device and Usage Information: We collect information about your device and how you interact with our Services, such as IP address, device type, operating system, unique device identifiers, app usage data, access times, pages viewed, and the page you visited before navigating to our Services.
Cookies and Similar Technologies: We use cookies, web beacons, and other tracking technologies to collect information about your interactions with our Services to enhance your experience and for analytical purposes.

2.4 Location Information

With your consent, we may collect geolocation data to provide location-based features, such as tagging transactions by location or providing region-specific services. You can enable or disable location services at any time through your device settings.

We use the information we collect for various purposes, including to:

• Provide and Improve Our Services: Deliver the functionalities you request, such as tracking your finances, categorizing transactions, adding receipts, splitting transactions, and setting up profiles.
• Facilitate Collaboration: Enable you to share your financial data with selected connections for collaborative financial management.
• Provide In-Depth Data Analysis: Utilize third-party large language model (LLM) providers to analyze your financial data and provide you with detailed insights and analytics.
• Personalize Your Experience: Customize content and features based on your preferences and usage patterns.
• Communicate with You: Send you updates, security alerts, support messages, and administrative notifications.
• Analyze and Enhance Services: Monitor and analyze usage and trends to improve the quality and performance of our Services.
• Ensure Security: Protect against unauthorized access, fraud, or other illegal activities.
• Comply with Legal Obligations: Fulfill our legal obligations and enforce our agreements.
• Other Purposes: Carry out any other purpose described to you at the time the information was collected.

4.1 With Your Connections

Collaboration Features: When you choose to share your financial data with others (e.g., family members, partners), all your financial data is shared with them. Currently, you do not have the ability to control or limit what information is shared with your connections.

4.2 With Third-Party Service Providers

We may share your information with third-party service providers who perform services on our behalf, such as:

• Plaid: To securely access and retrieve your financial data without collecting your bank credentials.
• Cloud Storage Providers: For data hosting, storage, and backup to ensure your data is securely maintained within the United States and/or Canada.
• Analytics Services: To analyze usage patterns and improve our Services.
• Customer Support Providers: To offer customer service and support.
• Large Language Model (LLM) Providers: We collaborate with third-party LLM providers to offer you in-depth data analysis and insights. For this purpose, we share your financial data with these providers. We take measures to ensure that your data is handled securely and in compliance with this Privacy Policy.

Important Note: By using our Services, you consent to the sharing of your financial data with third-party LLM providers for data analysis purposes. These providers are contractually obligated to protect your information and use it solely to provide analytical services to you.

4.3 Legal Compliance and Protection

We may disclose your information if required to do so by law or in the good faith belief that such action is necessary to:

• Comply with legal obligations, regulations, or legal processes.
• Protect and defend our rights, property, or safety, and that of our users or the public.
• Investigate and prevent fraud or other illegal activities.

4.4 Business Transfers

In the event of a merger, acquisition, reorganization, or sale of all or a portion of our assets, your personal information may be transferred as part of the transaction. We will provide notice before your personal information is transferred and becomes subject to a different privacy policy.

4.5 With Your Consent

We may share your information with third parties when you provide explicit consent.

5.1 Access and Update Information

You can access, update, or delete your account information at any time by logging into your account settings within the app. If you need assistance, please contact us at contact@crbit.io.

5.2 Manage Sharing Preferences

Data Sharing with Connections: Currently, all your financial data is shared with your connections when you choose to collaborate. We plan to enhance our Services to allow more granular control over what information you share in the future.

5.3 Opt-Out of Communications

Promotional Communications: You may opt out of receiving promotional emails by following the unsubscribe instructions provided in those emails or by adjusting your account settings.
Push Notifications: You can opt out of receiving push notifications by changing the settings on your device.

5.4 Control Over Information

Location Information: You can enable or disable location services when you use our Services at any time through your device settings.
Cookies: You can set your browser to refuse all or some browser cookies or to alert you when cookies are being used.

We prioritize the security of your personal information and implement industry-standard security measures to protect it, including:

• Encryption: All data transmitted between your device and our servers is encrypted using Secure Socket Layer (SSL) technology.
• Access Controls: Access to personal information is restricted to authorized personnel who need it to perform their job functions.
• Secure Cloud Storage: We use reputable cloud service providers that employ robust security protocols to store and protect your data within the United States and/or Canada.
• Regular Security Assessments: We conduct regular security audits and assessments to identify and address potential vulnerabilities.

While we strive to protect your personal information, no method of transmission over the internet or electronic storage is completely secure. We cannot guarantee absolute security but are committed to protecting your information to the best of our abilities.

We retain your personal information for as long as necessary to provide you with our Services and fulfill the purposes outlined in this Privacy Policy. We may also retain certain information for legitimate business interests or as required by law, such as for legal, tax, or accounting purposes.

We provide our Services to users in the United States and Canada. All personal information is stored and processed within these countries. By using our Services, you consent to the transfer of your information to our facilities and to those third parties with whom we share it as described in this Privacy Policy, within the United States and Canada.

Our Services may contain links to third-party websites or services that are not operated by us. This includes links to Plaid and other financial institutions, as well as third-party LLM providers. We have no control over, and assume no responsibility for, the content, privacy policies, or practices of any third-party websites or services. We encourage you to review the privacy policies of any third-party services you access.

We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. We will notify you of any significant changes by posting the new Privacy Policy on this page and updating the "Last Updated" date. Your continued use of the Services after such changes constitutes your acceptance of the new Privacy Policy.

If you have any questions, concerns, or comments about this Privacy Policy or our data practices, please contact us at:

Email: contact@crbit.io

By using our Services, you consent to receive electronic communications from us, including notices and updates related to your account and the Services. You agree that any such communications satisfy any legal requirement that such communications be in writing.

This Privacy Policy and any disputes related to it shall be governed by and construed in accordance with the laws of the United States and Canada, without regard to their conflict of law provisions.

Personal Information: Information that identifies, relates to, or could reasonably be linked with a particular individual.
Processing: Any operation performed on personal information, such as collection, storage, use, disclosure, or deletion.
Services: The Crbit mobile application and related services that allow users to track their finances, collaborate with others, and manage personal financial data.

If you are a California resident, you have certain rights under the California Consumer Privacy Act ("CCPA"), including the right to:

• Access Information: Request information about the categories and specific pieces of personal information we have collected about you.
• Request Deletion: Request the deletion of your personal information, subject to certain exceptions.
• Non-Discrimination: Not be discriminated against for exercising any of your CCPA rights.

To exercise your rights, please contact us at contact@crbit.io with the subject line "California Privacy Rights." We will verify your request using the information associated with your account, including your email address.

• Data Minimization: We collect only the personal information necessary to provide the Services.
• Automated Decision-Making: We do not use your personal information for automated decision-making or profiling beyond providing in-depth data analysis through third-party LLM providers.
• Do Not Track Signals: Our Services do not respond to "Do Not Track" signals.

Thank you for trusting Crbit with your personal financial data. We are committed to protecting your privacy and providing a secure and user-friendly experience.