Last Updated: September 5, 2016
Welcome to Seed Platform Inc. (“Seed”)! Seed respects your privacy and works hard to protect your personal information. We want you to understand how we may collect, store, use, and protect your personal information.
The Information We Collect
When you sign up for our Services, we are required by federal law to collect “nonpublic personal information” to verify your identity. We also collect various types of information to establish and maintain your account. Personal information, business information, financial information, and financial data will be collected as a prerequisite to registered users being authorized to use the Services to open an account. The collection of business information may include, but is not limited to, your business name, tax identification number, business address, business telephone number, business bank account information, business related documentation, and telephone number, or email address. In addition, you will be required to provide personal information including, but not limited to: name, personal address, date of birth, social security number (SSN), and other similar information. Additional information will be requested at account opening and may be requested throughout the life of the account relationship to meet regulatory and legal requirements. If you choose to provide us with personal information, business information, financial information, and financial data, you consent to the transfer and storage of that information on our servers located within the United States.
USA Patriot Act
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act, a Federal law, requires financial institutions to obtain, verify, and record information that identifies each business that opens an account and the personal information of its owners or representatives. Therefore, when applying for an account, Seed, on behalf of its partner financial institution(s), will ask for details about the personally identifiable information about the business owners, administrators, and/or authorized users such as: name, address, date of birth, SSN, and other information that will allow Seed to confirm identity. Seed may also ask for details about the business owner’s, administrators’, and/or authorized user’s driver’s license number or other identifying information. We may also collect photos, text, videos, or any other information you upload and/or send through our Services.
When you use our Services, we may collect information from your computer or mobile device, such as the unique identification number, the model, operating system and version, your browser type and version, the presence of any device, operating system, or browser add-ons, the times you access our Services, the locations from where you access our Services (attributed based on your IP address, the page you visited before navigating to our Services, and your mobile device’s location services), and your stored contacts.
Information from Third Parties
When using our Services, you may have the option to provide us with information from third parties, such as Facebook, Twitter, Google, and LinkedIn. We may also acquire information about you from third parties in order to verify your identity, process your transactions, detect and prevent fraud, or other similar purposes.
Information from Children
We do not knowingly solicit or collect information from any individuals under the age of 13, or about individuals under the age of 13.
How We Use Information
We use your information to provide and improve our Services, including for the purposes of:
- a. Providing you with the account opening service(s), and customer support as requested or as needed.
- b. Processing and tracking your transactions.
- c. Monitoring and analyzing how you and other users use our Services.
- d. Improving and building features and services you or other users may want.
- e. Minimizing fraud and abuse of our Services.
- f. Communicating with you about changes in our Services, the status and security of your account and data, and administrative information.
- g. Other reasonable uses related to providing, maintaining, and improving our Services.
Why and How We Share Information
When you sign up for our Services, you are directing Seed to share information with third parties as outlined below. The information that Seed shares includes both the information that Seed collects from you directly and the information that Seed collects from third parties.
We may provide your information to third parties for business and legal purposes, including for the purposes of:
- a. Providing and improving our Services as previously described.
- b. Meeting the requirements of any applicable law, regulation or legal process, including complying with orders from courts of law, regulatory agencies, and law enforcement.
- c. Investigating fraud inside and outside our Services.
- d. Broader business dealings such as mergers, asset sales, financings, and acquisitions.
- e. Reporting to credit bureaus.
We will not sell or otherwise give your information to third parties for marketing purposes.
How We Keep Your Information Secure
We have designed policies and procedures to protect both your confidentiality and the security of your information, including your nonpublic personal information. We store and process your personal information using internal/third party servers located in secure data centers in the United States. Additionally, Seed uses firewalls and data encryption.
Despite Seed’s efforts to keep your information secure, we cannot guarantee the security of your information. As a result, we strongly encourage you to take action to protect your personal data and any device you use to access our Services. In the unlikely event that we come to learn that either our system or your account specifically has suffered a security breach, we may attempt to notify you electronically so that you can take appropriate protective steps, by email, text message, phone call, a notice on our website, or any other way, depending on the requirements of applicable law.
Links to Other Sites
We are not responsible for the privacy practices of any third parties or the content of sites that are linked from our Services. We strongly encourage you to read the applicable privacy policies and terms and conditions of such parties or websites.
Seed may collect information regarding your location. You may be able to prevent this collection through your device operating system settings or by following the standard uninstall process to remove our mobile application from your device. Similarly, you may be able to control how your browser interacts with cookies. However, if you remove stored cookies or block them from being set, you may affect the availability and functionality of our Services.
Opting Out of This Policy
We may change this policy from time to time. If we make changes, we will notify you by posting the updated policy and revising the “Last Updated” date above. We encourage you to review the policy whenever you use our Services to stay informed about our information practices and about the choices available to you.
Your California Privacy Rights
California law permits residents of California to request certain details about information we disclose to third parties for direct marketing purposes. If you are a California resident and would like to request this information, please contact us at firstname.lastname@example.org.
Please contact us with any questions or concerns regarding our policy.
Seed Platform Inc.
777 Florida Street #305
San Francisco, CA 94110