Last Modified: As of 27 November 2024
This Privacy Policy (“Privacy Policy”) describes how MULA AI CORP (“we,” “us,” or “our”) collects, uses, processes, stores, and protects your personal information when you use Penny, an AI-powered mobile application to help you manage your personal finances (the “App”), and any associated services better for you.
We strongly believe in protecting this information and your privacy. Please read this Privacy Policy carefully.
“Personal information” generally refers to any data or information that can identify you such as name, address, email address, number, your IP address, or other unique identifier.
Account Information such as name, email address, mobile phone number, and password.
Identity verification information such as date of birth and gender.
Financial data such as bank and investment account names, account balances, account number, and credit and debit card details, among others.
II. Information we collect when you use the App
Account Usage Information
Additional financial data such as transaction details
Data relating to the use of the App, including but not limited to performance, frequency of usage, and crash and performance logs and reports.
We do not sell your information to anybody. PERIOD. Your data is run through a process that aggregates and anonymizes it automatically. This means your data cannot be connected with any of your personally identifiable details.
User Community
Allows sharing of aggregated data insights relevant (ie. “You spend 10% more on groceries than people similar to you.”) to help you understand your financial behavior
Analytical Researchers in the Company
Personally unidentifiable transaction information is analyzed and labeled to provide you personalized actionable insights. (ie. “Be wary of your water bills since the weather is getting warmer this summer.”)
Plaid
A third-party payments solution to give you the most seamless and effective App experience (Plaid Account Terms and Privacy Policy)
If you have given your consent for us to use your personal information in a particular way, but later change your mind, you should contact us and we will stop doing so.
Depending on your location, you may have the following rights with respect to your personal information.
You may have the right to:
Access your personal information that we store or request for a copy of such;
Update, correct, or delete certain personal information;
Ask us to restrict the way that we use your personal information;
Request to stop using your personal information for marketing purposes.
This section explains how and where your data is stored and secured.
A. Data Storage
Your information is stored in a secure data center that adheres to global safety standards, as well as on your device. Through the app, you have the capability to recover and export your data with ease.
B. Data Encryption
Your information is encrypted during transfer over the Internet and also when stored on our servers. Our servers are hosted in secure facilities with stringent physical and electronic safety measures to protect against unauthorized access.
You may access, review, and update your personal information at any time through the App. You may also delete your account, which will delete user-linked personal information, or request that we delete your account on your behalf.
The App and the Services are not directed to children under 18 years old (or other applicable law), and so we do not knowingly collect personal information from children nor do we offer any content targeted to children.
The App may also integrate with or link to other third-party services. Your use of those services is subject to their separate terms and conditions and privacy policies, so we urge you to review these prior to use. We are not agents, brokers, or otherwise responsible for these third-party services. The access of these third-party services shall be at your own risk.
If you have questions or concerns regarding this Privacy Policy or if you see any bugs or vulnerabilities in our systems, please contact us at privacy@mulah.ai