Foundect

Privacy Policy

Last Updated: 20 December, 2025

This Privacy Policy explains how Foundect ("Foundect", "we", "us", or "our") collects, uses, stores, shares, and protects your personal data when you access or use the Foundect platform, website, applications, and related services (collectively, the "Platform").

By using Foundect, you agree to the collection and use of your data in accordance with this Privacy Policy.

1. Information We Collect

We collect information to provide, operate, and improve the Platform.

1.1 Personal Information

We may collect the following personal data:

  • Full legal name
  • Email address
  • Phone number
  • Date of birth
  • National ID (NID) number
  • NID document images
  • Selfie images for verification
  • E-TIN number (if applicable)
  • Nominee information
  • Bank account details
  • Profile photo
  • Account credentials

This information is required for identity verification, regulatory compliance, and platform security.

1.2 Business Information

For Business Accounts, we may collect:

  • Business name
  • Business registration details
  • Trade license
  • Business address
  • Owner or director information
  • Campaign details
  • Financial information relevant to campaigns

1.3 Usage & Technical Information

We automatically collect certain technical data, including:

  • IP address
  • Device type
  • Browser type
  • Operating system
  • Pages visited
  • Time spent on the Platform
  • Interaction logs

This data helps us improve performance, security, and user experience.

2. How We Use Your Information

We use collected data for the following purposes:

  • Account creation and management
  • Identity verification and KYC compliance
  • Fraud prevention and security monitoring
  • Campaign listing and participation
  • Transaction verification
  • Communication and notifications
  • Platform analytics and improvements
  • Legal and regulatory compliance

3. Shari'ah & Regulatory Compliance

Some data is collected to ensure compliance with:

  • Shari'ah-aligned investment requirements
  • Anti-Money Laundering (AML) regulations
  • Know Your Customer (KYC) obligations

Failure to provide required data may result in account rejection or suspension.

4. Data Sharing & Disclosure

Foundect does NOT sell user data.

We may share data only when necessary:

  • With regulatory authorities when legally required
  • With verification partners for KYC checks
  • With law enforcement under valid legal requests
  • With service providers strictly for platform operations

All third parties are contractually obligated to maintain confidentiality.

5. Data Storage & Security

We implement reasonable technical and organizational measures to protect user data, including:

  • Encrypted storage
  • Secure servers
  • Access controls
  • Regular security reviews

However, no system is 100% secure. Users acknowledge the inherent risks of digital data transmission.

6. Data Retention

We retain personal data:

  • As long as required to provide services
  • As long as mandated by law or regulation
  • For dispute resolution and compliance

Even after account deletion, some data may be retained to meet legal obligations.

7. User Rights

Depending on applicable laws, you may have the right to:

  • Access your personal data
  • Request corrections
  • Request deletion (subject to legal limits)
  • Withdraw consent (where applicable)

Requests can be made through the Support page.

8. Cookies & Tracking Technologies

Foundect may use cookies and similar technologies to:

  • Maintain sessions
  • Improve platform functionality
  • Analyze user behavior

Users may disable cookies via browser settings, though some features may not function properly.

9. Third-Party Links

The Platform may contain links to third-party websites.

Foundect is not responsible for the privacy practices of external sites. Users should review their respective privacy policies.

10. Children's Privacy

Foundect does not knowingly collect data from individuals under the legal age.

If such data is identified, it will be removed immediately.

11. International Data Transfers

Your data may be processed or stored outside your country of residence, subject to appropriate safeguards and legal compliance.

12. Changes to This Policy

Foundect reserves the right to update this Privacy Policy at any time.

Continued use of the Platform constitutes acceptance of the revised policy.

13. Contact Information

For privacy-related inquiries:

Email: support@foundect.com

(Support page)

Final Note

Your trust matters to us. Foundect is committed to protecting user data while maintaining transparency, compliance, and ethical responsibility.

END OF PRIVACY POLICY