Last updated: December 2024
Bank-level encryption protects your data both in transit and at rest.
We're clear about what data we collect and how we use it.
You own your data and can export or delete it anytime.
Folosat is an expense tracking and bill splitting application. We are not a bank and do not provide banking services, hold funds, or process financial transactions. We help you track expenses and coordinate bill splitting among friends, but all actual payments are handled directly between users through their preferred payment methods (Venmo, PayPal, cash, etc.).
Your financial data (expense records, split calculations, savings goals) is kept secure and private, but we do not have access to your bank accounts, credit cards, or any actual funds.
We collect information you provide directly to us, such as when you create an account, add expenses, or contact us for support.
We use the information we collect to provide, maintain, and improve our services.
We implement appropriate security measures to protect your personal information.
You have several rights regarding your personal data:
If you have any questions about this Privacy Policy, please contact us at hello@folosat.com