PRIVACY POLICY

Last Updated: [01/06/2020]

This Privacy Policy describes how Thinkwire Inc. (“we”, “us” or “our”) collects, uses and discloses personal information in connection with www.LendersAPI.com website (the “Website”) and related services.

The purpose of the Website is to allow participating lenders to share information about borrowers so that other lenders can use this information in determining whether to extend credit to borrowers (the “Service”).

COLLECTION AND USE OF PERSONAL INFORMATION

Information we collect about borrowers

We collect personal information about borrowers from lenders who choose to input this information into the Service. The personal information that we collect includes:

  • Borrower identifiers for corporate entities:
    • Legal business name
    • Dba
    • Legal type (partnership, corp, etc.)
    • Tax number
    • Naics code
    • Established date
    • Addresses
    • Links (website)
    • Email
    • Phone
  • Borrower identifiers for individuals:
    • Role (applicant, director, etc.)
    • Full legal name
    • Date of birth
    • Addresses
    • Email
    • Phone
    • Social insurance number
    • Passport
  • Information about the lender’s experience with the borrower
    • Whether the loan was funded or not
    • What date the application was received
    • Whether there was any history of fraud associated with the borrower

Lenders API relies on it’s users to obtain consent from borrowers to allow borrower personal information to be shared into the Service and accessed and used by other lenders for the purposes of making lending decisions. By providing us with borrower personal information, the member represents and warrants that they have obtained all necessary consents to provide the member personal information to us for the purposes of providing the Service.

Information we collect about our lenders

We also collect information about our lenders in order to provide them with access to the Service. In order to access the Service a member will need to create an account by providing their name, title, company name, business contact information. We use this information to provide, manage and administer the Service and for security purposes.

We may also collect certain information about lenders automatically when they visit the Website, including IP address, the date and time of the visit, the pages visited, the features used, and the actions taken. This information is used to provide the Website and Service.

We also use cookies and similar technologies to help our Website function, remember preferences and settings and for security purposes. It may be possible to control cookies using browser settings. For example, lenders may be able to set their browser to block or delete cookies, or to notify the member before a cookie is set. If cookies are blocked not all features of the Website may be functional.

DISCLOSURE OF PERSONAL INFORMATION

Lenders. Certain borrower personal information is shared with participating lenders to assist them in making lending decisions.

Service Providers. We may use service providers to provide certain services on our behalf such as website hosting, data hosting and processing, analytics, marketing and advertising, communications and other services. Some of these service providers may be located outside of Canada, including in the United States.

Business transactions. If Lenders API or any of its assets are sold or merged with another entity, we may share your personal information as part of that transaction.

Legal. We and our service providers may disclose personal information in response to a search warrant or other legally valid inquiry or order (which may include lawful access by Canadian, US or other foreign governmental authorities, courts or law enforcement agencies) or as otherwise required or permitted by law.

SECURITY OF PERSONAL INFORMATION

We have implemented security measures to protect against unauthorized access, use, modification and disclosure of personal information in our custody and control. However, please be aware that no security measures can offer absolute security and therefore it is possible that personal information may be lost, stolen, or accessed without authorization.

RETENTION OF PERSONAL INFORMATION

The file containing your personal information will be maintained on our servers or those of our service providers and will be accessible by authorized employees, representatives and agents as necessary for the purposes described in this privacy policy. We retain personal information for as long as necessary for the purposes for which such information was provided or to otherwise meet legal and business requirements.

YOUR RIGHTS WITH RESPECT TO PERSONAL INFORMATION

You may request access to or correction of your personal information in our control by contacting us as described below. You may also withdraw your consent to our processing of your personal information. Your right to access or correct your personal information, and withdraw consent, is subject to certain legal restrictions and we take steps to verify identity before providing access or making corrections.

UPDATES TO OUR PRIVACY POLICY

This Privacy Policy is effective as of the Last Updated date written above. We may update or amend this Privacy Policy from time to time. The revised Privacy Policy will be posted on our Website. We recommend that you refer to this Privacy Policy frequently for the latest information about our personal information practices.

CONTACT US

If you have any questions or concerns about this Privacy Policy or about how we handle personal information, please contact us by writing at privacy@lendersapi.com.