Effective Date: January 1, 2020

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Wefund LLC (“Company,” “we,” “us,” or “our”) respects the privacy of our users and is committed to protecting the personal information you may provide while using our website and services, particularly in the context of merchant cash advance (MCA) and hard money lending. This Privacy Policy explains how we collect, use, disclose, and safeguard your information, as well as your rights with respect to your personal information.

 

By accessing or using our website or services, you acknowledge that you have read, understood, and agree to the collection, use, and disclosure of your information as described in this Privacy Policy.

 

1. Information We Collect

 

We collect the following types of information in order to provide our services:

 

1.1 Personal Information

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We collect personal information that you provide directly to us when applying for services, filling out forms, or contacting us. This includes but is not limited to:

    •    Full Name
   •    Email Address
   •    Phone Number
   •    Residential or Business Address
   •    Social Security Number (SSN) or Tax Identification Number (TIN)
   •    Financial Information (e.g., bank account details, income data)
   •    Identification Documents (e.g., driver’s license, passport)

 

1.2 Business Information

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When you apply for merchant cash advances, we may collect business-related information such as:

    •    Business Name
   •    Employer Identification Number (EIN)
   •    Business Address
   •    Business Financial Data (e.g., revenue, operating costs, profit margins)
   •    Recent Bank Statements (typically last four months)

 

1.3 Automatically Collected Information

 

When you interact with our website, we may automatically collect non-personally identifiable information, such as:

    •    IP Address
   •    Browser type and version
   •    Device type
   •    Pages visited, time spent, and referring URL

This information helps us understand user preferences, optimize the website, and deliver relevant content.

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2. How We Use Your Information

We use the information we collect to:

    •    Evaluate and Process Applications: Review your eligibility for merchant cash advances or hard money lending, and manage underwriting and risk assessments.
   •    Provide Services: Fulfill the requested services, including the disbursement of funds, managing payments, and customer service support.
   •    Communicate with You: Provide important updates regarding your account, respond to inquiries, and send administrative information.
   •    Marketing and Promotions: With your explicit consent, send marketing emails or messages to inform you about special offers, promotions, or new services.
   •    Compliance and Legal Obligations: Comply with applicable laws, regulatory requirements, and legal processes, such as Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
   •    Fraud Prevention and Risk Management: Detect, investigate, and prevent fraudulent activity, security breaches, or other harmful activities.

 

3. Legal Basis for Processing Personal Information

 

We process your personal information only where we have a valid legal basis, including:

    •    Consent: Where you have provided consent for specific purposes (e.g., receiving marketing communications).
   •    Performance of a Contract: When the processing is necessary to fulfill our contract with you (e.g., processing MCA applications).
   •    Legal Obligations: Where we are required to comply with legal obligations, such as financial reporting or regulatory requirements.
   •    Legitimate Interests: To pursue our legitimate business interests, such as improving our services, provided this does not override your rights and freedoms.

 

4. How We Share Your Information

 

We do not sell or rent your personal information. However, we may share your information in the following circumstances:

 

4.1 Service Providers

 

We may share your information with third-party service providers to perform services on our behalf, including:

    •    Underwriting partners
   •    Payment processors
   •    IT and infrastructure service providers
   •    Data analytics providers

These third parties are contractually obligated to protect your data and only use it for the purposes specified by us.

 

4.2 Legal and Regulatory Compliance

 

We may disclose your information where required to do so by law, including:

    •    Responding to subpoenas, court orders, or other legal processes.
   •    Complying with government or regulatory requests (e.g., IRS reporting, compliance with AML/KYC laws).

 

4.3 Business Transfers

 

In the event of a merger, acquisition, or sale of all or a portion of our assets, your information may be transferred as part of that transaction.

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***No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties***

5. Data Security

 

We implement industry-standard security measures, including encryption and secure storage, to protect your personal and financial information from unauthorized access, disclosure, alteration, or destruction. However, no method of transmission over the Internet or method of electronic storage is completely secure. While we strive to use commercially acceptable means to protect your information, we cannot guarantee absolute security.

 

6. Your Rights

 

Depending on your location, you may have the following rights regarding your personal information:

 

6.1 Right to Access and Correct

 

You have the right to request access to the personal information we hold about you and request corrections of any inaccurate information.

 

6.2 Right to Delete

 

You may request the deletion of your personal information, subject to certain exceptions where we are required to retain the data (e.g., for legal or regulatory purposes).

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6.3 Right to Opt-Out of Marketing

 

You may opt-out of receiving marketing communications from us at any time by clicking the “unsubscribe” link in emails or contacting us directly.

6.4 California Privacy Rights (if applicable)

Under the California Consumer Privacy Act (CCPA), California residents have additional rights, including the right to opt-out of the sale of their personal information. We do not sell personal information, but California residents can exercise their rights by contacting us as outlined below.

 

7. Retention of Data

 

We retain your personal and business information only for as long as necessary to fulfill the purposes for which it was collected or to comply with applicable legal, regulatory, or contractual obligations.

 

8. Third-Party Links

 

Our website may contain links to external sites that are not operated by us. We are not responsible for the privacy practices of such websites. We encourage you to review the privacy policies of any third-party websites you visit.

 

9. Changes to This Privacy Policy

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We reserve the right to modify this Privacy Policy at any time. If we make material changes, we will notify you by updating the “Effective Date” at the top of this page. Continued use of our services after any modifications constitutes your acceptance of the updated Privacy Policy.

 

10. Contact Us

 

If you have any questions, concerns, or requests regarding this Privacy Policy or the handling of your personal information, please contact us at:

 

Wefund LLC
Email: info@wefundeasy.com
Phone: 800-528-5391
Address: 1 East Broward Blvd, Fort Lauderdale, FL 33301

 

This Privacy Policy is designed to comply with general U.S. privacy regulations. For specific state or federal laws, or if your company handles sensitive data that falls under more stringent regulations (e.g., HIPAA, GLBA), please consult legal counsel.