Privacy Policy

Last updated: February 2025

Document Status: Placeholder

This document is a placeholder and will be updated with comprehensive privacy terms prior to full platform launch.

1. Data Controller

Looplets ("we", "us", "our") is the data controller responsible for your personal data collected through this platform.

2. Information We Collect

We collect and process the following categories of personal data:

  • Account Information: Email address, display name, and profile details you provide.
  • Verification Documents: Government-issued identification, proof of income, or property ownership documents submitted for verification purposes.
  • Usage Data: Information about how you interact with the platform, including access logs and feature usage.
  • Communications: Messages exchanged with other members through the platform.

3. Legal Basis for Processing

We process your personal data based on: (a) contractual necessity to provide platform services; (b) legitimate interests in fraud prevention and platform security; (c) compliance with legal obligations; and (d) your consent where specifically requested.

4. Data Minimisation and Retention

We apply data minimisation principles and collect only information necessary for the stated purposes. Personal data is retained only for as long as necessary to fulfil those purposes or as required by law.

5. Verification Document Handling

Verification documents are stored with encryption at rest and in transit. Access is restricted to authorised personnel for verification purposes only. Verification status may be displayed to other members; source documents are never shared with or displayed to other members.

6. Data Sharing

We do not sell your personal data. We may share data with: (a) service providers who assist in platform operations under appropriate data protection agreements; (b) law enforcement or regulatory authorities when required by law; (c) other members only to the extent necessary to facilitate the platform's core functionality.

7. Your Rights

Subject to applicable law, you have the right to:

  • Access your personal data
  • Rectify inaccurate personal data
  • Request erasure of your personal data
  • Object to or restrict processing
  • Data portability
  • Withdraw consent where processing is based on consent

8. Security Measures

We implement appropriate technical and organisational measures to protect personal data against unauthorised access, alteration, disclosure, or destruction.

9. Contact

For privacy-related enquiries, please contact us at privacy@letloop.com.