Effective Date: January 1, 2024 | Last Updated: April 2026
1. Introduction
Ribit Capital (“we,” “us,” “our,” or “Company”) is committed to protecting your privacy and ensuring transparency in how we collect, use, and manage your personal information. This Privacy Policy explains our practices regarding data collection and usage when you apply for our services, use our website, or communicate with us via SMS/MMS.
A privacy statement is a mandatory requirement from Mobile Network Operators. This policy ensures that all personal information you share with us is handled responsibly and in compliance with applicable laws and regulations.
2. Information We Collect
We collect information in the following ways:
2.1 Information You Provide Directly
- Contact Information: Name, email address, phone number, and mailing address
- Financial Information: Business details, annual revenue, credit information, and banking details
- Application Data: Information provided through our application forms and webforms
- Communication Records: Any correspondence between you and our team
2.2 Information Collected Automatically
- Device and browser information
- IP address and location data
- Website usage analytics
- Cookies and similar tracking technologies
2.3 SMS/MMS Communications
When you consent to receive SMS/MMS messages from Ribit Capital, you agree to allow us to collect your phone number and communicate with you regarding loan offers, account updates, and promotional materials. Your phone number will not be shared or sold to third parties for marketing purposes.
3. How We Use Your Information
We use the information we collect for the following purposes:
- Application Processing: To evaluate your loan application and determine eligibility
- Communication: To contact you regarding your application status and account
- Compliance: To meet legal, regulatory, and lending requirements
- Fraud Prevention: To detect and prevent fraudulent or unauthorized activities
- Service Improvement: To enhance our products, services, and customer experience
- Marketing: To send promotional offers and updates (with your consent)
- Analytics: To understand how users interact with our website and services
4. Information Sharing & Protection
4.1 When We Share Information
We may share your information with:
- Service Providers: Third-party vendors who assist in processing applications and managing our services
- Legal Authorities: When required by law or to protect our legal rights
- Credit Bureaus: For credit reporting and verification purposes (with appropriate disclosures)
- Affiliate Partners: Only with your explicit consent and for purposes you have authorized
4.2 What We Do NOT Do
- We do not sell or rent your personal information to third parties for marketing purposes.
- We do not share your phone number with external marketing companies without your consent.
- We do not disclose your information publicly or without legal justification.
- We do not use your data for purposes not disclosed in this policy.
4.3 Privacy Commitment
Our privacy policy clearly states that mobile phone contact information will not be shared or sold to third parties for marketing purposes. This commitment is binding and applies to all personal data collected through our webforms and services.
5. Data Security
We implement industry-standard security measures to protect your information from unauthorized access, alteration, disclosure, or destruction. These measures include:
- Encryption of sensitive data in transit and at rest
- Secure webform submission protocols
- Access controls and user authentication
- Regular security audits and updates
- Employee training on data protection practices
While we strive to protect your information, no security system is completely impenetrable. We encourage you to use strong passwords and report any suspicious activity immediately.
6. Your Rights & Opt-Out Options
6.1 Your Rights
You have the right to:
- Access: Request access to the personal information we hold about you
- Correction: Ask us to correct inaccurate or incomplete information
- Deletion: Request deletion of your information (subject to legal retention requirements)
- Opt-Out: Unsubscribe from marketing communications at any time
- Transparency: Receive a clear explanation of how your data is used
6.2 Opting Out of SMS/MMS Communications
To unsubscribe from SMS/MMS messages, reply with the word “STOP” to any message from Ribit Capital, or contact us directly using the information provided in Section 9 below.
6.3 Opting Out of Marketing Communications
You may opt out of receiving promotional emails and other marketing materials by clicking the “Unsubscribe” link in any email from us or by contacting our support team.
7. Data Retention
We retain your personal information for as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required by law. Typically, we retain application data for a minimum of 3-7 years to comply with lending regulations and fraud prevention requirements.
When you request deletion, we will remove your information from our active systems unless we are legally required to retain it. Archived or backup data may take additional time to fully purge.
8. Updates to This Policy
Ribit Capital may update this Privacy Policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors. We will notify you of any material changes by updating the “Last Updated” date at the top of this page.
If we make significant changes that affect how we use your information, we will provide additional notice (such as via email). Your continued use of our services constitutes your acceptance of the updated Privacy Policy.
9. Contact Us
If you have questions, concerns, or requests regarding this Privacy Policy or our handling of your information, please contact us:
Ribit Capital
Email: deals@ribitcapital.com
Website: https://ribitcapital.com
We aim to respond to all privacy inquiries within 10 business days.
Data Subject Rights Request
To exercise your rights under applicable data protection laws (CCPA, GDPR, etc.), please submit a formal request with the following information:
- Your full name and contact information
- Specific right you wish to exercise (access, deletion, correction, opt-out)
- Any relevant details about your interaction with us
Send requests to: deals@ribitcapital.com