Privacy Policies

Privacy Policy for LendFi

Lend Finance ("LendFi", "we", "us", or "our") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and protect your personal information when you use our decentralized peer-to-peer lending platform ("Platform").

Information We Collect

When you use our Platform, we collect certain personal information from you. This may include:

  • Financial information you provide when you apply for a loan or invest in a loan, such as your bank account details and credit score.

  • Transaction information related to your use of our Platform, such as loan amounts, interest rates, and repayment schedules.

  • Technical information about your device and internet connection, such as your IP address, browser type, and operating system.

How We Use Your Information

We use your personal information to provide and improve our Platform, communicate with you, and comply with legal requirements. This may include:

  • Processing loan applications and investment transactions.

  • Conducting creditworthiness and risk assessments using artificial intelligence algorithms.

  • Communicating with you about your account, loans, and investments.

  • Sending you marketing communications about our Platform and related services.

  • Detecting and preventing fraud, security breaches, and other illegal activities.

  • Complying with legal and regulatory requirements.

How We Share Your Information

We may share your personal information with third parties as necessary to provide and improve our Platform, comply with legal requirements, and protect our rights and interests. This may include:

  • Service providers that help us operate and maintain our Platform, such as payment processors and hosting providers.

  • Financial institutions and credit bureaus that help us process loan applications and assess creditworthiness.

  • Regulatory authorities and law enforcement agencies as required by law or to protect our rights and interests.

  • Other users of our Platform as necessary to facilitate loans and investments.

We may also share your personal information with third parties for marketing purposes with your consent.

How We Protect Your Information

We take appropriate technical and organizational measures to protect your personal information from unauthorized access, disclosure, alteration, and destruction. We use industry-standard encryption to transmit sensitive data, and we regularly monitor our systems for security vulnerabilities.

Your Rights

You have certain rights with respect to your personal information, including the right to access, correct, and delete your information. You may also have the right to object to certain processing activities and to request that we transfer your information to another organization. To exercise your rights, please contact us using the information below.

Changes to this Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. We will notify you of any material changes by posting the updated Privacy Policy on our Platform or by other means as required by law.

Contact Us

If you have any questions or concerns about this Privacy Policy, please contact us.

Last updated