Effective Date: March 1, 2022
Company Name: Lexio Capital
Website: www.lexiocapital.com
Lexio Capital respects your privacy. This Privacy Policy explains how we collect, use, store, and protect information submitted through our website, applications, funding forms, identity verification links, and related services.
Information We Collect
We may collect information from you or your business, including but not limited to:
Business name, owner name, phone number, email address, business address, requested funding amount, bank information, financial information, application information, and documents you provide to us.
For identity verification purposes, we may also collect personal information such as your legal name, date of birth, address, government identification number, Social Security number or other identifying information, driver’s license or other government-issued identification, photographs of your ID, selfie images, liveness checks, device information, IP address, and other information needed to verify your identity.
How We Use Your Information
We use your information to:
Verify your identity
Review and process funding applications;
Prevent fraud, identity theft, and unauthorized activity;
Confirm business ownership and account information
Communicate with you about your application
Comply with legal, regulatory, underwriting, and risk-management requirements
Improve our services.
Identity Verification and Third-Party Providers
We may use third-party service providers, including Plaid, to help verify your identity and review information you provide. These providers may collect and process identity documents, photos, selfie images, device information, and other verification data on our behalf.
By submitting your information or completing an identity verification flow, you authorize Lexio Capital and our service providers to collect, use, and process your information for identity verification, fraud prevention, compliance, underwriting, application review, and related business purposes.
Biometric and Photo Verification Notice
If identity verification requires you to submit a selfie, facial image, video, or government ID containing your photograph, our service providers may use that information to confirm that you are the person associated with the submitted identity document.
Depending on your state, this information may be considered biometric information or biometric data. Lexio Capital and our service providers use this information only for identity verification, fraud prevention, security, compliance, underwriting, and related business purposes.
Lexio Capital does not sell biometric information.
Bank Verification and Financial Information
As part of our application and underwriting process, we may request access to business bank account information, bank statements, transaction history, balances, deposits, withdrawals, payment activity, and related financial data.
We may use third-party providers to help securely connect to, collect, verify, and analyze bank account information. This information is used to evaluate funding eligibility, verify revenue, detect fraud, review account activity, and support underwriting decisions.
How We Share Information
We may share your information with:
Identity verification providers
Bank verification providers
Underwriting and fraud-prevention vendors
Payment processors
Credit, background, or risk-review providers where permitted
Legal, compliance, or regulatory parties when required
Internal employees, contractors, affiliates, or service providers who need the information to perform business functions.
Lexio Capital does not sell your personal information.
Data Security
We use reasonable administrative, technical, and physical safeguards to protect your information. However, no website, transmission, or storage system can be guaranteed to be 100% secure.
Data Retention
We retain information for as long as necessary to review applications, provide services, comply with legal obligations, prevent fraud, resolve disputes, enforce agreements, and maintain business records.
Identity verification data may also be retained by our third-party service providers according to their own policies and applicable law.
Your Choices
You may contact us to request access, correction, or deletion of certain personal information, subject to legal, regulatory, fraud-prevention, underwriting, and business-record retention requirements.
Some information may need to be retained where required by law, compliance obligations, fraud-prevention requirements, contractual obligations, or legitimate business purposes.
Consent
By using our website, submitting an application, uploading documents, or completing an identity verification or bank verification process, you consent to the collection, use, processing, and sharing of your information as described in this Privacy Policy.
Changes to This Privacy Policy
Lexio Capital may update this Privacy Policy from time to time. Any updates will be posted on this page with a revised effective date.
Contact Us
For questions about this Privacy Policy or your personal information, contact us at:
Lexio Capital
2750 N 29th Ave STE 124
Hollywood, FL 33020
Website: www.lexiocapital.com
Email: info@lexiocapital.com