Last Modified: As of 14 January 2025
Terms of Service for “Penny” – AI-powered Personal Finance App
Welcome! These Terms of Service (“Terms”) govern your access and use of the “Penny” mobile application (the “App”) and any associated services offered by MULA AI CORP (“we,” “us,” or “our”).
You represent that you are of legal age in the jurisdiction where you reside (generally 18 years old and above) and are allowed to use the App and the Services, as defined in these Terms, under applicable laws.
By accessing or using the App, you are deemed to have read, accepted, and agreed to be bound by these Terms and the Privacy Policy.
The App provides an AI-powered platform to help you manage your personal finances. Features may include:
Account aggregation (with your permission)
Transaction categorization
Budgeting tools
Personalized financial insights and recommendations
Educational resources
The App and the Services that we provide are on an "as-is" and "as-available" basis. We are constantly developing and improving the App, so these features may change over time. We reserve the right to modify the App or the Services with or without prior notice. We are not liable in the event that we modify, suspend, terminate or discontinue any part of the App or any of the Services.
We grant you a non-exclusive, non-transferable, non-sublicensable, revocable, limited license to download, install, and use the App solely for personal and non-commercial use.
You shall not engage in any of the following prohibited activities, among others:
Copying, modifying, or creating derivative works of the App;
Reverse engineering, decompiling, or disassembling the App;
Redistributing, selling, or transferring the App or any part thereof to any third party.
Any upgrades or additional features to the App shall be subject to the same license terms.
THE APP, THE SERVICES, AND ITS CONTENT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND ARE NOT INTENDED AND SHOULD NOT BE CONSTRUED AS FINANCIAL, LEGAL, OR TAX ADVICE. YOU SHOULD CONSULT WITH A QUALIFIED FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS.
FURTHER:
WHILE WE STRIVE TO PROVIDE ACCURATE INFORMATION, THE APP AND ITS CONTENT MAY CONTAIN ERRORS OR INACCURACIES.
THE APP RELIES ON AI ALGORITHMS, WHICH MAY NOT ALWAYS BE PERFECT. SO, WHILE WE HOPE YOU FIND THE APP’S RECOMMENDATIONS USEFUL, WE CAN’T TAKE RESPONSIBILITY FOR ANY LOSSES OR DAMAGES THAT MIGHT COME FROM RELYING ON THEM.
WE DISCLAIM ANY LIABILITY FOR DATA LOSS, DAMAGES, OR LOSS OF PROFITS ARISING FROM YOUR USE OF THE APP AND THE SERVICES AS WELL AS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
WE, ALONG WITH OUR DEDICATED TEAM — LIKE OUR OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS — WON’T BE HELD RESPONSIBLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES. THIS INCLUDES ANYTHING THAT MIGHT ARISE FROM TORT (LIKE NEGLIGENCE), CONTRACTS, OR OTHER SITUATIONS. THIS INCLUDES, BUT IS NOT LIMITED TO, LOSSES SUCH AS MISSED PROFITS, GOODWILL, DATA LOSS, OR ANY OTHER INTANGIBLE LOSSES — EVEN IF WE WERE AWARE THAT THESE ISSUES COULD HAPPEN. THIS APPLIES TO ANYTHING RELATED TO THESE TERMS OR YOUR EXPERIENCE USING THE APP AND/OR ANY OF THE SERVICES.
IN NO EVENT WILL OUR COLLECTIVE LIABILITY INCLUDING OUR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS AND DIRECTORS, TO ANY PARTY (REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE) EXCEED US$100 OR THE AMOUNT YOU HAVE PAID US FOR THE APP OR ANY OF THE SERVICES IN THE LAST TWELVE MONTHS OUT OF WHICH LIABILITY AROSE.
YOU AGREE TO HOLD US HARMLESS FOR ANY LOSSES ARISING FROM YOUR LOSS OR MISUSE OF YOUR ACCOUNT. ANY DAMAGE TO OUR SYSTEM OR OUR SERVICES CAUSED BY YOUR ACCOUNT WILL BE YOUR RESPONSIBILITY.
YOU ALSO AGREE TO DEFEND, INDEMNIFY, AND HOLD US AND OUR DEDICATED TEAM HARMLESS FROM AND AGAINST ANY CLAIMS, DISPUTES, DEMANDS, LIABILITIES, DAMAGES, LOSSES AND COSTS AND EXPENSE ARISING OUT OF OR IN CONNECTION WITH, AMONG OTHERS, YOUR ACCESS TO THE APP OR ANY OF THE SERVICES OR VIOLATION OF THESE TERMS.
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/or 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.
We also want to be clear that we can’t be held responsible for any data loss, damages, or lost profits that might occur while using, accessing, or availing of third-party content, products, or services through the App.
The App and its content, including all intellectual property rights, are exclusively owned by us, our licensors, or other providers. We do not give you a license to use any of these, and you may not use them without our written permission. You likewise agree not to modify, reproduce, distribute, or create derivative works of the App or its content without our express written permission.
You agree that any action, proceeding, suit, or dispute arising out of, or related, to these Terms shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to its conflict of laws principles. Any disputes arising out of or related to this Agreement shall be exclusively resolved by binding arbitration in accordance with the rules of the Delaware Rapid Arbitration Act, with the seat and venue of arbitration in the State of Delaware.
To ensure that disputes are dealt with soon after they arise, you agree that regardless of any statute or law to the contrary, ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED.
You irrevocably waive, to the fullest extent permitted by applicable law, any right you may have to a trial by jury in respect of any dispute directly or indirectly arising out of, under or in connection with these Terms.
These Terms and our Privacy Policy constitute the sole entire agreement between you and us regarding your use of the App and the Services.
We may update these Terms from time to time. We will notify you of any changes by posting the revised Terms on the App or through other channels. Your continued use of the App after the revised Terms are posted constitutes your agreement to be bound by the revisions.
If you disagree with the revisions, (a) we may delete your account and relevant data after multiple notices within 90 days from receipt of your disagreement to the changes to this Privacy Policy; or (b) you may request for the deletion of your account by emailing privacy@mulah.ai.
These Terms and our Privacy Policy constitute the sole entire agreement between you and us regarding your use of the App and the Services.
We may update these Terms from time to time. We will notify you of any changes by posting the revised Terms on the App or through other channels. Your continued use of the App after the revised Terms are posted constitutes your agreement to be bound by the revisions.
If you disagree with the revisions, (a) we may delete your account and relevant data after multiple notices within 90 days from receipt of your disagreement to the changes to this Privacy Policy; or (b) you may request for the deletion of your account by emailing privacy@mulah.ai.
If you have any questions about these Terms, please contact us at privacy@mulah.ai.