Privacy Policy of

It is advised to carefully read the user agreement, disclaimer and Privacy policy before using the site. The website is only usable on the terms and conditions contained in the documents mentioned above. If you are not in agreement with any of the terms, you should immediately stop the usage of the site. Usage of the site means that you have agreed to the terms of the user agreement and the Privacy policy.

1. Terms And Definitions.

The terms and definitions used in the Privacy policy are given in the user agreement and in the terms and definitions given below:

1.1. Personal data processing: This involves any action (operation) or set of actions (operations) that is being performed with the use of automation tools or without using tools with personal data, including collection, accumulates, storage, updating, extraction, transfer (distribution, provision, access), recording, systematisation, depersonalisation, deletion, blocking, destruction of personal data. This means any information that is related to an identifiable natural person.

1.2. Confidentiality of personal data: This entails a mandatory requirement that prevents the site administration or other persons who have access to personal data from disseminating them without the consent of the subject of personal data or any other legal ground.

1.3. Cookies: These are small pieces of data that is sent on a web server and is stored on a user's computer (or any other device) which the web client or the web browser sends to the web server each time in an HTTP request anytime they try to open a computer network that is built on the IP protocol.

1.4. I.P address: This is a unique network address of a node in a computer network that is built on the IP protocol.

1.5. Consent: Consent translates to a freely given agreement of a data subject to the processing of personal data that is translated to him or her.

1.6. Data subject: The data subject refers to an identifiable natural person whose personal data is being processed.

1.7. Pseudonymisation: This is the processing of personal data in a way such that the personal data no longer has a specific data subject absent the use of additional information.

1.8. Controller Responsible For The Processing: This refers to the legal person, agency, public authority or any other legal body that determines the means and the purposes for the processing of a personal data. The processor is a legal or natural person, agency or body who processes personal data on the controller's behalf.

2. Data Controller.

Foundico is the data controller of this site.

2.1. General Provisions: The site management reserves the right to change the Privacy policy at any time with prior notice by Foundico. The Privacy policy becomes effective starting from the moment of publication. If you do not agree with any of the policy, it is advised to immediately stop using the site.

2.2. The content of the Privacy policy is written in English language: In a case where any translation of the Privacy policy conflicts the the version in English language, the English version is retained as the priority version.

2.3. Use of the site translates to the acceptance of the Privacy policy and the terms of processing the user's personal data by the user. If the user disagrees with the terms provided in the privacy setting, he must stop using the site.

2.4. This privacy policy applies to all the information that the site can receive from the user while the user is using the latest site.

2.5. The Privacy policy is directly applicable only to the site and does not apply directly to third party sites. The site administration is not responsible for any third party sites which the user can click on the links that are available in the site.

2.6. There is no verification of the authenticity of the site users provide to the site administration.

2.7. Additional conditions that are related to the processing of personal data may be recorded in the promotion rules. If any, it should be considered as part of the Privacy policy. In cases of confliction of certain provision in the Privacy policy with the provisions of the promotion rules, the provision of the promotion rules takes precedence.

3. Subject Of The Privacy.

3.1. The Privacy policy holds the site administration to the obligations of not disclosing the confidentiality of the personal data provided by the user upon the request of the site administration during registration to the site and also to provide regime for all protection of such data.

3.2. Some information is collected by the site for general purpose when a user uses the site. They are;

  • The type of version of the browser;

  • The operating system of the accessing system;

  • The connecting website between the accessing system and the site;

  • The times and the date of access to the site;

  • The IP Address (Internet Protocol Address);

  • The accessing system's internet service provider.

3.3. These general information are needed to provide the content of the site correctly and they do not draw conclusions about the user.

3.4. The user provides personal data authorization for operating this policy by filling out fields on the registration form in the site which includes information about the following :

  • The User's full name;

  • The user's date of birth;

  • User's sex;

  • User's email address;

  • User's postal address.

3.5. The site also has the capability to store some information on the computer or any other device of the user in the form of cookies.

4. Objectives Of The User's Personal Information Collection.

User's personal data collected by the site is used by the Administration for these purposes:

4.1. For the identification of the user that is registered on the site in order to provide access to the personalized resources of the site.

4.2. To establish a feedback with the user on the use of the site and also for conducting promotional actions.

4.3. so as to provide the customer with an effective client and technical support in cases of problems that are related to the usage of the site.

4.4. To implement advertising activities with the consent of the user.

4.5. To be able to provide law enforcement authorities with adequate information that are necessary for criminal prosecution in a case that cyber attack happens.

5. Ways And Terms Of Personal Data Processing.

5.1. The data of the user is processed without time limit by any lawful means with the use of automation tools or without such tools.

5.2. By using the site, the user agrees for site administration to have the right to transfer his personal data to third parties or services like Facebook, Google Analytics, Sum&Substance, Yandex.Metrika, Disqus for the purpose of analyzing statistical data and functionality expansion of the site.

5.3. Personal data of the user can only be transferred to authorised bodies on the grounds and order established by legislation.

6. Obligations Of The User.

Here are the obligations of the user:

6.1. The user must provide reliable information and personal data that are necessary to use the site.

6.2. To always update and/or supplement the information and personal data in any case of change in the information.

7. Obligations Of The Site Administration.

7.1. The site administration is held by obligation to make use of the information received only for the purposes that have been specified in this Privacy Policy.

7.2. Not to disclose the personal data of the User without a prior written permission of the User, and also not to sell, or exchange and publish, or disclose in any other possible way, except for security purposes as provisions have been made in this privacy policy.

7.3. To take measures that will always protect the privacy of the personal data of the user.

8. Legal Basis For Processing Personal Data.

8.1. Every personal data subject being processed is with compliance of the legal obligations under Art. 6(1) of the GDPA which holds the data controller under an obligation to first receive the consent of the data subject for any specific processing operation of personal data.

9. The Cookies Policy.

The purpose for which this site use cookies are listed below:

9.1. Performance: Cookies enhances the performance of the site by helping to solve compatibility issues like quicker loading of contents, identification of the browser type, etc. A session ends and is deleted when the browser is closed.

9.2. Site Preferences: Cookies also help to retain your site performance and tries to boost your experiences with the site. Example, remembering your preferred language and personalizing site contents. A session ends and is when the browser is closed.

9.3. Analyses: The site uses cookies to analyze third party tools so as to help it understand activities of the site visitors in the site and at such, increase the quality of our site contents. Some of these third party tools are page views, site visits, referrals to the site, etc. A session ends after two years if the user does not visit the site.

9.4. Security: The site uses cookies to ensure that the user's device is logged for the duration of his visit when he registers for access to a restricted area. A Session ends and is deleted when the browser is closed.

9.5. Site Visitor Feedback: The site uses a third party survey to invite visitors to provide feedback to the site. When this is done, cookies are used to prevent the invitation of a visitor multiple times.

9.6. The site user can prevent setting of cookies through our site by corresponding the adjustment of the web browser that is being used and by doing so, permanently deny the setting of cookies. Example, some browsers give you the option of accepting or deleting cookies.

9.7. You also have these options in the cookies policy:

  • Opt Out: Foundico allows you the opportunity to stop the use of information about your activities on other websites enabling the provision of interest-based advertisement for you. For example, you can opt out of interest-based Google ads using the Google Ads settings. Although you might still receive Foundico ads even when you opt out, they will not be customized for you.

  • Refusal Of Cookies: The user can limit the access of his information by disabling cookies on his browser settings. It is also possible to modify the browser settings to require permission any time the site attempts to set a cookie.

9.8. Non Foundico Websites And Limits: The website is not responsible for the practices of third party websites which might be found on the site. These websites might have their own cookies privacy policy. Thus, it is advised that the user should read the cookies policy of these websites before using them.

9.9. The user should note that blocking of cookies might negatively affect the usability of the website as certain features of the site might be restricted by the blocking of cookies.

10. Rights Of The Data Subject.

The user has certain rights in relation to his personal data. They are:

10.1. The user can request access to personal data which includes:

  • Purpose of the processing;

  • Categories of data concerned;

  • Estimated period that the data will be stored or the criteria that will be used to calculate such time;

  • Any available information to the source of personal data when the personal data are not collected from the data subject;

  • Information about the existence of automation decision-making like profiling which is referred to in the Article 22(1) and 22(4) of the GDPR.

11. Disclosure Of Information.

11.1. The site may disclose any information collected about the data subject which includes both recent and former customers to Foundico affiliated companies and non affiliated third parties and this includes fraud verification services, Email service providers and Foundico users who you engage in transactions.

11.2. The user's personal data will not be sold or rented to third parties for their own marketing purposes except if in connection with a merger, financing or acquisition and sale of Foundico assets.

11.3. Users should note that by using the site's services, they give their consent for the retention and use of their personal data by third parties who support the site's customer identification and anti-fraud control to perform these services on the site's behalf.

11.4. The site may also share de-identified information that can not reasonably be used to identify the user with affiliated companies or/and non affiliated third parties.

11.5. The site does guarantee the security of data transferred to it via the internet. Such transmissions is at the user's own risk. However, the site provides strict security procedures and measures to ensure the prevention of unauthorized access to these data once they are received.

11.6. The site may also transfer user's information outside the EEA for to international organizations if it is held by legal obligations which it is subject to. However, cases like this are unlikely to happen and when they do, the site will ensure that appropriate protections are in place.

12. Child Policy.

Services or products that are available om the site are not for persons under the age of 18 years and thus does not solicit any kind of information from such persons.

12. Security.

Foundico protects the user's personal data and information from disclosure, misuse, loss, destruction and alteration with the use of relevant electronic and procedural safeguards. Foundico is however not responsible for the security of any data transmitted through the internet or third party content.

13. Additional conditions.

All the users' wishes and claims to the Site Administration should be sent to the email address You should describe the nature of your enquiry or how you think the Privacy policy have not been complied with to the best of your ability in your message.

By using this site you agree to the Privacy Policy.