Privacy Policy
Our Privacy Policy
Learn how we handle your personal information and ensure your privacy and data security on our platform.
Last Updated on July, 8th 2025
Information We Collect
Introduction
MyFounders.Club (hereinafter referred to as "we," "us," or "our") is a registered trademark of SettleX Community Interest Company ( social enterprise). Company Registration SC746840 , registered 15 East Campbell Street, Glasgow G15DT, United Kingdom
This Privacy Policy describes how we collect, use, process, and disclose your information, including personal data, in conjunction with your access to and use of MyFounders.Club services.
Data Controller
SettleX CIC is the data controller responsible for your personal data. For all matters related to data protection, please contact us at:
Mailing Address:
15 East Campbell Street
Glasgow
G15DT
United Kingdom
Email: hi@myfounders.club
Information We Collect
1. Personal Information You Provide
When using our services, you may provide us with certain personal information, including but not limited to:
Full name
Contact information (email address, phone number, physical address)
National identification information
Business information (company name, commercial registration numbers, etc.)
Payment information
Documents required for business registration and filings
2. Information Collected Automatically
When you access or use our platform, we may automatically collect:
Device information (IP address, browser type, operating system)
Usage data (pages visited, time spent on our website, actions taken)
Cookies and similar technologies data
Log information
3. Information from Third Parties
We may receive information about you from:
Government databases for verification purposes
Business partners and service providers
Public sources as required for business formation and filing requirements
How We Use Your Information
We may use the information we collect from you for various purposes, including:
1. Providing Our Services
Processing business registrations, filings, and related documents
Facilitating communication with government authorities
Managing your account and providing customer support
Processing payments and transactions
2. Compliance and Legal Requirements
Verifying identity and conducting due diligence as required by Saudi law
Complying with legal obligations, including anti-money laundering requirements
Responding to legal requests and preventing fraud
3. Improving Our Services
Analyzing usage patterns to enhance user experience
Developing new features and services
Conducting research and analytics
4. Marketing and Communication
Sending service-related notifications
Communicating about promotions, updates, and new services
Providing personalized recommendations
Legal Basis for Processing
We process your personal data based on the following legal grounds:
Performance of Contract: Processing necessary to fulfill our contractual obligations to you
Legal Obligation: Compliance with legal requirements under Saudi Arabian law
Legitimate Interests: Where processing is in our legitimate business interests
Consent: Where you have given us specific consent to process your data
Data Sharing and Disclosure
We may share your information with the following categories of recipients:
1. Government Authorities
Saudi Ministry of Commerce
Saudi Ministry of Investment
Zakat, Tax and Customs Authority
Other relevant regulatory bodies as required for business filings
2. Service Providers
Payment processors
Cloud services and hosting providers
Customer support services
Professional advisors (lawyers, accountants, etc.)
3. Business Partners
Partner organizations that facilitate business registration processes
Financial institutions for payment processing
4. Other Parties
When required by law or to protect our rights
In connection with a merger, acquisition, or sale of assets
With your consent or at your direction
Data Retention
We retain your personal information for as long as necessary to:
Provide our services to you
Comply with legal obligations
Resolve disputes
Enforce our agreements
Specific retention periods vary based on the type of information and applicable regulatory requirements under Saudi Arabian law. Business formation documents and related personal information are typically retained for a minimum of 10 years as required by Saudi commercial regulations.
Data Security
We implement appropriate technical and organizational measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. These measures include:
Encryption of sensitive data
Regular security assessments
Access controls and authentication procedures
Staff training on data protection
Physical security measures for our facilities
While we strive to protect your personal information, no security system is impenetrable. We cannot guarantee the absolute security of information transmitted through the internet.
Under applicable data protection laws, you may have certain rights regarding your personal information, including:
Right to Access: Request access to your personal information
Right to Rectification: Request correction of inaccurate information
Right to Erasure: Request deletion of your information under certain circumstances
Right to Restriction: Request restriction of processing of your information
Right to Object: Object to processing of your information
Right to Data Portability: Request transfer of your information
To exercise these rights, please contact us using the details provided in the "Contact Us" section.
International Data Transfers
MyFounders.Club primarily processes and stores data within the Kingdom of Saudi Arabia. However, we may transfer your information to service providers located outside Saudi Arabia. When transferring data internationally, we ensure appropriate safeguards are in place to protect your information in accordance with applicable laws.
Children's Privacy
Our services are not directed to individuals under the age of 18. We do not knowingly collect personal information from children. If you become aware that a child has provided us with personal information, please contact us immediately.
Data Retention
We retain your personal information for as long as necessary to:
Provide our services to you
Comply with legal obligations
Resolve disputes
Enforce our agreements
Specific retention periods vary based on the type of information and applicable regulatory requirements under Saudi Arabian law. Business formation documents and related personal information are typically retained for a minimum of 10 years as required by Saudi commercial regulations.
Cookies
Cookies and Tracking Technologies
We use cookies and similar tracking technologies to collect information about your browsing activities on our website. You can manage your cookie preferences through your browser settings. For more information, please refer to our Cookie Policy.
Changes to this Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. We will notify you of any material changes by posting the updated policy on our website and updating the "Last Updated" date. Your continued use of our services after such modifications constitutes your acknowledgment of the modified Privacy Policy.
Contact Us
Compliance with Saudi Arabian Laws
This Privacy Policy is designed to comply with applicable Saudi Arabian data protection laws and regulations, including but not limited to:
Saudi Arabia Personal Data Protection Law (PDPL)
The Anti-Cyber Crime Law
Electronic Transactions Law
Relevant provisions of the Commercial Registration regulations
Contact Us
If you have any questions, concerns, or requests regarding this Privacy Policy or our data practices, please contact us at:
MyFounders.Club
A registered trademark of SettleX Community Interest Company
Company Registration SC746840 ,
Physical Address:
15 East Campbell Street,
Glasgow G15DT, United Kingdom
Email: hi@myfounders.club
By using MyFounders.Club services, you acknowledge that you have read and understood this Privacy Policy and agree to its terms.