Introduction
Welcome to LexaroX. We are committed to protecting your privacy and ensuring the security of your personal and financial information. This Privacy Policy explains how we collect, use, disclose, and safeguard your data when you use our personal finance management application and services.
Important: By using LexaroX, you agree to the collection and use of information in accordance with this policy. If you do not agree with our policies and practices, please do not use our services.
Information We Collect
1. Personal Information
We collect information that you provide directly to us, including:
- Account Information: Name, email address, phone number, and password
- Profile Data: Profile picture, preferences, and settings
- Authentication Data: Information from Google or Apple Sign-In if you choose to use these services
- Communication Data: Messages, feedback, and support requests you send to us
2. Financial Information
To provide our core services, we collect:
- Transaction Data: Income, expenses, transfers, and financial transactions you record
- Account Details: Bank account names, wallet information (we never store banking credentials)
- Budget Information: Budget plans, spending categories, and financial goals
- Investment Data: Portfolio information, asset holdings, and investment transactions
- Lending Records: Money lent or borrowed, payment history, and related notes
3. Automatically Collected Information
- Device Information: Device type, operating system, unique device identifiers
- Usage Data: App features used, time spent, interaction patterns
- Log Data: IP address, access times, pages viewed, app crashes
- Location Data: Approximate location based on IP address (with your consent)
How We Use Your Information
We use the collected information for the following purposes:
- Service Delivery: To provide, maintain, and improve LexaroX features and functionality
- Personalization: To customize your experience and provide personalized insights
- AI Insights: To generate financial recommendations and cost optimization suggestions using artificial intelligence
- Communication: To send you updates, security alerts, and support messages
- Security: To detect, prevent, and address fraud, security issues, or technical problems
- Analytics: To understand usage patterns and improve our services
- Compliance: To comply with legal obligations and enforce our terms
- Research: To conduct research and development for new features (using anonymized data)
Data Security
We implement industry-leading security measures to protect your information:
- Encryption: All data is encrypted in transit (TLS 1.3) and at rest (AES-256)
- Secure Authentication: Support for two-factor authentication (2FA) and biometric login
- Access Controls: Strict internal access controls and regular security audits
- Secure Infrastructure: Data stored in SOC 2 Type II compliant data centers
- Regular Testing: Continuous security testing and vulnerability assessments
- Incident Response: 24/7 monitoring and rapid incident response procedures
Note: While we use industry-standard security measures, no method of transmission over the internet or electronic storage is 100% secure. We cannot guarantee absolute security.
Information Sharing
We do not sell your personal information. We may share your information only in the following circumstances:
With Your Consent
We share information when you explicitly authorize us to do so, such as when you invite others to shared wallets.
Service Providers
We work with third-party service providers who perform services on our behalf:
- Cloud hosting providers (data storage and infrastructure)
- Analytics providers (usage analysis and improvements)
- Customer support tools (help desk and communication)
- Payment processors (for paid subscriptions)
These providers are bound by strict confidentiality agreements and cannot use your data for any other purpose.
Legal Requirements
We may disclose information if required by law, court order, or governmental request, or to:
- Comply with legal obligations
- Protect our rights, privacy, safety, or property
- Enforce our terms and agreements
- Respond to claims of fraud or security breaches
Business Transfers
In the event of a merger, acquisition, or sale of assets, your information may be transferred. We will notify you before your information becomes subject to a different privacy policy.
Your Rights and Choices
You have the following rights regarding your personal information:
Access and Portability
You can access, download, and export your data at any time through the app settings.
Correction
You can update or correct your personal information directly in the app.
Deletion
You can request deletion of your account and all associated data. We will delete your information within 30 days, except where retention is required by law.
Opt-Out
You can opt out of:
- Marketing communications (while still receiving essential service emails)
- AI-powered insights and recommendations
- Data collection for analytics (may limit functionality)
Data Portability
You can export your data in CSV, Excel, or PDF format.
Cookies and Tracking
We use cookies and similar technologies to:
- Keep you logged in and remember your preferences
- Analyze how you use our services
- Improve performance and user experience
You can control cookies through your browser settings. For more details, see our Cookie Policy.
Children's Privacy
LexaroX is not intended for users under 18 years of age. We do not knowingly collect personal information from children under 18. If we discover that we have collected information from a child under 18, we will delete that information immediately.
International Data Transfers
Your information may be transferred to and processed in countries other than your country of residence. These countries may have different data protection laws. We ensure appropriate safeguards are in place to protect your information in accordance with this Privacy Policy.
Data Retention
We retain your information for as long as necessary to provide our services and fulfill the purposes outlined in this policy. Specific retention periods:
- Active Accounts: Data retained while your account is active
- Inactive Accounts: Data deleted after 2 years of inactivity (with prior notice)
- Deleted Accounts: Data deleted within 30 days of account deletion
- Legal Requirements: Some data may be retained longer if required by law
Changes to This Policy
We may update this Privacy Policy from time to time. We will notify you of any material changes by:
- Posting the new policy on this page
- Updating the "Last Updated" date
- Sending you an email notification (for significant changes)
- Displaying an in-app notification
Your continued use of LexaroX after changes become effective constitutes acceptance of the updated policy.