Privacy Policy

Introduction

SpendWise AI ("we", "us", "our") operates the SpendWise platform available at https://spendwiseapp.in.

SpendWise AI is operated by SpendWise AI, based in Karnataka, India.

By accessing or using our Service, you consent to the collection, use, and disclosure of your information as described in this Privacy Policy.

1. Data We Collect

We collect information you provide and information collected automatically.

1.1 Information You Provide

• Account Information: Email, username, encrypted password, preferences
• Financial Data: Expenses, budgets, categories, transaction details
• Usage Data: Features used, settings configured
• Communication Data: Messages sent to support or AI assistant

1.2 Automatically Collected Data

• Device Information: Browser, OS, device type
• Usage Analytics: Pages visited, interactions (via Vercel Analytics)
• IP Address: For security and fraud prevention
• Cookies & Storage: Authentication and session management

2. How We Use Your Data

We process your data for:

• Service Delivery: Operate and maintain SpendWise
• Personalization: Tailored insights and budgeting
• AI Processing: Generate financial insights
• Communication: Updates, alerts, support responses
• Security: Fraud detection and prevention
• Legal Compliance: Regulatory obligations
• Business Operations: Analytics and subscription management

We process your data based on: your consent, contractual necessity (providing the service), and legitimate interests (improving the platform).

3. AI Processing & Third-Party APIs

3.1 AI Usage

SpendWise uses AI to generate financial insights.

• Your data is processed securely within our systems
• AI queries may be sent to third-party providers (e.g., Mistral AI)
• Data shared is limited to what is necessary

3.2 Data Handling

• All API communication is encrypted (TLS 1.2+)
• We do not intentionally store your financial data with third-party AI providers beyond what is required for processing
• Providers are selected based on security and privacy standards

4. Payment Processing

Payments are securely processed via Razorpay.

• We do not store card details
• Payments are handled on Razorpay’s secure infrastructure
• We only receive transaction status and subscription details

5. Data Sharing & Disclosure

We do not sell your data.

We may share data with:

• Service Providers: Hosting, analytics, infrastructure
• Legal Authorities: If required by law
• Business Transfers: In case of merger/acquisition

Data Protection

• Access is restricted and controlled
• Financial data is protected using secure access mechanisms (e.g., row-level controls)

6. Data Retention

• Active Accounts: Data retained while account is active
• Deleted Accounts: Data deleted within 30 days
• Backups: Retained up to 90 days
• Legal Obligations: Retained longer if required

7. Your Privacy Rights

You have the right to:

• Access: Download your data (CSV/JSON)
• Correct: Update inaccurate data
• Delete: Remove your account and data
• Opt-out: Unsubscribe from communications

8. Cookies & Tracking

We use cookies for authentication, preferences, and analytics (via Vercel Analytics). By using SpendWise, you consent to our use of cookies. You may disable cookies in your browser, but some features may not function properly.

9. Security Measures

We implement:

• Encryption in transit (TLS 1.2+) and at rest
• Password hashing and strict access control systems
• Rate limiting and periodic security reviews

10. Children’s Privacy

SpendWise is not intended for users under 18. If we discover such data, we will delete it immediately.

11. International Data Transfers

Your data may be processed outside your country. We ensure appropriate safeguards are applied to protect your data.

12. Third-Party Links

We are not responsible for privacy practices of external websites. Please review their policies separately.

13. Changes to This Policy

We may update this Privacy Policy. Updates will be posted on this page, and continued use constitutes acceptance.

14. Contact

15. Entire Understanding

This Privacy Policy should be read alongside our Terms of Service and forms the complete understanding of how we handle your data.