Assetli Terms and Conditions

Last updated: July 2, 2026
Version: 1.2

1. Introductory Provisions

1.1 Operator

The operator of the Assetli web application (hereinafter the "Service" or "Assetli") is:

Ondřej Smutný
Business ID (IČO): 75343533
Registered office: Družstevní 511, 294 41 Dobrovice, Czech Republic
E-mail: info@assetli.app
Web: https://assetli.app
Not a VAT payer

(hereinafter the "Operator")

1.2 Subject Matter of the Terms

These terms and conditions (hereinafter the "Terms") govern the rights and obligations between the Operator and the users of the Service (hereinafter the "User") when using the Assetli platform — an AI-powered platform for managing personal finances and the household.

1.3 Description of the Service

Assetli is a web application providing the following features:

• Bank account and transaction management — import via CSV/PDF, automatic synchronization via Wallet by BudgetBakers (hereinafter "WBB"), manual entry
• AI transaction categorization — automatic assignment of categories using Claude AI models (Anthropic)
• AI financial assistant — a floating chat with access to the User's financial data, support for custom API keys
• Budgets and savings envelopes — expense tracking, the envelope method, the 50/30/20 rule
• Subscription tracking — management of recurring payments with reminders and iCal export
• Investments — tracking of stocks, ETFs, cryptocurrencies, and alternative investments with live prices
• Real estate — tracking of value, income, expenses, utilities, appliances, and photovoltaics
• Energy price comparison — indicative comparison of electricity and gas costs with public supplier price lists and official regulator references (CZ, FR, UK, DE)
• Vehicles — tracking of costs, mileage, service events, and TCO analysis
• Valuables and personal property — records with depreciation, warranties, and resale calculation
• Mortgages and loans — repayment schedules, payment records
• Bill Splitting — division of costs within groups with automatic settlement
• Family Legacy — emergency access to financial data for trusted persons
• Financial analytics — cash flow forecasts, a financial score of 0–850, spending patterns
• Financial calculators — FIRE, mortgage, inflation, investment strategy, debt payoff, vehicle TCO
• MCP server — connection with Claude Desktop, Claude Code, and ChatGPT
• File manager — cloud storage for documents and receipts (Cloudflare R2 and Vercel Blob)
• Multi-profile system — separate financial profiles under a single account

1.4 Acceptance of the Terms

By registering an account, signing in, or using the Service in any way, the User confirms that they have read these Terms, understand them, and agree to them. If you do not agree to the Terms, do not use the Service.

1.5 Eligibility

The Service is intended for persons over 15 years of age (in accordance with Section 7 of Act No. 110/2019 Coll., on the Processing of Personal Data, in conjunction with the GDPR). Persons under 15 years of age may not use the Service. Persons aged 15–18 may use the Service with the consent of their legal guardian.

If the Operator discovers that the User does not meet the age requirements, the Operator is entitled to immediately delete the account and permanently remove all data without prior notice.

1.6 Assetli Is Not a Financial Institution

Assetli is not and does not act as an investment advisor, financial analyst, insurance intermediary, consumer credit provider, payment institution, or a regulated entity under Act No. 256/2004 Coll. (the Capital Market Undertakings Act), the MiFID II Directive (2014/65/EU), or any other financial regulation.

The Service serves solely to record, organize, and visualize the User's financial data. All outputs — including AI recommendations, forecasts, the financial score, and calculators — are for informational and educational purposes only and do not constitute financial, investment, tax, or legal advice.

Before making any financial decision, the User should consult a qualified professional (a financial advisor, tax advisor, or lawyer).

2. Registration and User Account

2.1 Creating an Account

The User may create an account in the following ways:

• E-mail and password — with mandatory verification of the e-mail address
• Google OAuth — sign-in via a Google account

2.2 Password Requirements

The password must contain at least 8 characters. Passwords are stored exclusively in hashed form (bcrypt, SALT_ROUNDS=12). The Operator does not have access to passwords in readable form.

2.3 Two-Factor Authentication (2FA)

The User may enable two-factor authentication via TOTP applications (Google Authenticator, Authy, etc.). Upon activation, the User receives 10 single-use backup codes.

2.4 Premium Trial

Every newly registered user automatically receives a 30-day trial period of the Premium plan. After the trial period expires, the account is automatically switched to the Free plan unless the User purchases a paid plan.

2.5 AI Credit

Every newly registered user receives a one-time credit of $2.00 USD for use of the AI assistant. This credit is non-refundable and non-transferable.

2.6 User Obligations

The User is obliged to:

• Provide truthful and current information upon registration
• Protect login credentials from unauthorized access
• Not provide access to their account to third parties
• Use the Service in accordance with legal regulations and these Terms
• Not perform automated access (scraping, bots) without the written consent of the Operator

2.7 Limit on the Number of Accounts

One User may have only one account. Creating multiple accounts for the purpose of repeatedly obtaining the trial period, AI credits, or other benefits is prohibited and is grounds for the immediate termination of all affected accounts.

3. Plans and Payments

3.1 Plans

The Service is offered in three plans:

• Free — a free plan with a limited number of profiles, accounts, transactions, and other entities; includes full analytics and financial calculators, synchronization via Wallet by BudgetBakers, and connection via MCP.
• Premium — higher or unlimited limits, AI transaction categorization, AI chat assistant (with a monthly AI budget), file manager, Family Legacy, data exports, and the option to enter a custom API key without a surcharge.
• Max — the highest limits and the largest file storage; otherwise the same range of features as the Premium plan.

The specific and always current scope of the limits of each plan (numbers of profiles, accounts, transactions, storage size, etc.) is listed on the Pricing page (https://assetli.app/pricing). The Operator reserves the right to change the limits and the composition of the plans; material changes are announced in accordance with Article 14.

3.2 Prices

The current prices of all plans are listed on the Pricing page (https://assetli.app/pricing) and are also bindingly displayed in the Stripe payment interface before the payment is completed. Prices may be stated in CZK, EUR, or USD depending on the selected currency and language version. The Operator is not a VAT payer.

3.3 Payment Terms

Payments are processed exclusively through the payment processor Stripe, Inc. The Operator never stores payment details (card numbers, CVV) on its servers.

The subscription automatically renews at the end of the paid period unless the User cancels it.

3.4 Subscription Cancellation

The User may cancel the subscription at any time without fees or penalties. After cancellation, the plan remains active until the end of the paid period. After that, the account automatically switches to the Free plan.

3.5 Money-Back Guarantee

All Premium and Max subscriptions are covered by a 14-day money-back guarantee. In the case of a refund request within 14 days of purchase, the amount will be refunded in full.

3.6 AI Credits

The AI assistant consumes tokens. The price per message is displayed transparently with each AI response. The User may:

• Use the AI credit provided as part of the plan
• Purchase additional AI credits
• Enter a custom API key for Anthropic, OpenAI, or Google Gemini and pay the provider directly without a surcharge

3.7 Price Changes

The Operator reserves the right to change the prices of the plans. Existing subscribers will be informed of the change at least 30 days in advance by e-mail. A price change applies only upon the next renewal of the subscription.

4. Personal Data Protection (GDPR)

4.1 Data Controller

The data controller is the Operator listed in Article 1.1. Given the scope of the processing, no data protection officer (DPO) has been appointed.

4.2 Data Processed

The Operator processes the following categories of data:

Registration data: name, e-mail address, hashed password, date of registration, language preference, and optionally a phone number and date of birth.

Financial data: bank accounts (name, type, currency, balance), transactions (amount, date, description, category), budgets, investments, real estate, vehicles, valuables, mortgages, loans, subscriptions, savings envelopes.

Payment data: Stripe Customer ID, the last 4 digits of the card, card type, expiration date. Card numbers are never stored on the Operator's servers.

Usage data: login logs, IP addresses, AI conversations, uploaded files.

4.3 Purposes of Processing and Legal Basis

4.4 Recipients of Personal Data (Processors)

All processors are contractually bound to comply with the GDPR. Only transaction texts for the purposes of categorization and the content of AI conversations are shared with Anthropic — never login credentials or payment information.

The Operator never sells, shares, or provides Users' personal or financial data to third parties for marketing or advertising purposes.

4.5 Rights of the Data Subject

In accordance with the GDPR (Art. 15–22), the User has the following rights:

• Right of access (Art. 15) — in account settings, the Data Export section
• Right to rectification (Art. 16) — by editing data in account settings
• Right to erasure (Art. 17) — by deleting the account in settings (the Danger Zone section); deletion is immediate and permanent
• Right to data portability (Art. 20) — GDPR export in JSON format
• Right to restriction of processing (Art. 18) — by contacting info@assetli.app
• Right to object (Art. 21) — in privacy settings or by contacting info@assetli.app

4.6 Supervisory Authority

Supervisory authority: Office for Personal Data Protection (Czech Data Protection Authority)
Pplk. Sochora 27, 170 00 Praha 7
E-mail: posta@uoou.cz
Web: www.uoou.cz

4.7 Data Retention

• Active account: all data is retained for the duration of the account
• Inactive account: see Article 6.5 (inactive accounts)
• After account deletion: personal data is deleted within 30 days; anonymized financial data may be retained for a period of 5 years for the purposes of statutory obligations
• Payment records: retained for the period required by law (at least 5 years under the tax regulations of the Czech Republic)

4.8 Security

• Encrypted connections (HTTPS/TLS)
• Password hashing (bcrypt, SALT_ROUNDS=12)
• Two-factor authentication (TOTP)
• Protection against brute-force attacks with automatic account lockout
• Form protection via reCAPTCHA v3
• Encryption of sensitive data (Family Legacy notes: AES-256-GCM; API keys: SHA-256 hash)
• Database hosted in the EU (MongoDB Atlas, Frankfurt, Germany)

5. Intellectual Property

5.1 Ownership of the Service

The Service, including its design, source code, database structure, graphic elements, and documentation, is the intellectual property of the Operator. The name "Assetli" and the logo are trademarks of the Operator.

5.2 Ownership of User Data

All financial data, transactions, documents, and files uploaded by the User remain the property of the User. The Operator obtains a non-exclusive license to this data solely for the purpose of providing the Service.

5.3 AI Outputs

The outputs of the AI assistant (categorization, analyses, recommendations) are generated by artificial intelligence and are for informational purposes only. They do not constitute financial, tax, or legal advice. The Operator is not liable for decisions made on the basis of AI outputs.

5.4 Feedback

By submitting feedback, suggestions for improvement, or bug reports, the User grants the Operator a royalty-free, worldwide, non-exclusive, and perpetual license to use, modify, and implement such feedback.

6. Account Termination and Service Discontinuation

6.1 Account Termination by the User

The User may delete their account at any time in account settings (the Danger Zone section). Deletion requires confirmation by entering a specific phrase. Deletion is immediate, permanent, and irreversible. Deleting the account terminates all data, including profiles, transactions, investments, files, and AI conversations. Unused AI credits are forfeited.

6.2 Account Termination by the Operator — Breach of the Terms

The Operator reserves the right to immediately and without prior notice suspend or permanently delete the User's account in the event of:

• A breach of these Terms
• Fraudulent conduct or an attempt at fraud
• Misuse of the Service for money laundering or other illegal activity
• Repeated chargeback requests with the payment processor
• Creating multiple accounts for the purpose of abusing benefits (trial, credits)
• Automated access to the Service without the Operator's consent
• An attempt at unauthorized access to other Users' data
• Any conduct that the Operator reasonably considers harmful to the Service, other Users, or the Operator

6.3 Account Termination by the Operator — Without Cause

The Operator reserves the right to terminate the User's account without cause with a notice period of 30 days. In such a case, the User will be informed by e-mail and will be allowed to export their data. If the User has an active paid subscription, they will be refunded the proportional part of the amount paid for the unused period.

6.4 Account Termination by the Operator — Suspicion of Fraud

In the case of a reasonable suspicion of fraudulent conduct, the Operator reserves the right to immediately and without prior notice suspend or permanently delete the User's account, without an obligation to provide evidence or state specific reasons. This right exists for the purpose of protecting the Service, other Users, and the Operator. In the case of immediate termination due to suspicion of fraud, the User is not entitled to a refund of amounts paid or of unused credits.

6.5 Inactive Accounts

The Operator reserves the right to terminate and delete accounts that are inactive over the long term, in particular if the User does not sign in to the account for a period longer than 12 months. This measure serves to protect Users' data, optimize resources, and ensure security.

Before any deletion of an inactive account, the Operator will send a notice to the registered e-mail address with a reasonable period (typically at least 30 days) for signing in again and with the option to export data. Inactivity means the absence of any sign-in to the account.

6.6 Discontinuation of the Service

In the case of a decision to discontinue the Service, the Operator will:

• Inform Users at least 60 days in advance by e-mail
• Enable the export of all data (GDPR export in JSON format)
• Refund the proportional part of paid subscriptions for the unused period
• Delete all data in accordance with the GDPR

7. Third-Party Integrations

7.1 Wallet by BudgetBakers (WBB)

Transaction synchronization via WBB is an optional feature. To use it, the User needs their own WBB Premium account. The Operator is not a partner or representative of BudgetBakers. BudgetBakers s.r.o. is solely responsible for the accuracy and availability of the WBB service.

7.2 Market Data Providers

Live prices of stocks and ETFs are obtained from external market data providers (in particular Yahoo Finance, and potentially other providers such as Alpha Vantage or Tiingo). Live cryptocurrency prices are provided via the CoinMarketCap and CoinGecko APIs. Exchange rates are obtained from the public API frankfurter.app, which is based on the reference rates of the European Central Bank. The Operator is not liable for the accuracy, completeness, or timeliness of this data.

7.3 AI Providers

The AI features use models from Anthropic (Claude), and optionally OpenAI (GPT) and Google (Gemini). When the AI assistant is used, transaction texts and conversations are sent to the relevant provider. The Operator is not liable for outages or changes in third-party APIs.

7.4 MCP (Model Context Protocol)

The User may generate an API key to connect their financial data with the Claude Desktop, Claude Code, or ChatGPT applications. API keys are stored as SHA-256 hashes. The User is responsible for the security of their API key.

7.5 Stripe

Payments are processed via Stripe, Inc. (PCI DSS certified). The Operator never stores payment details. The terms of use of Stripe are governed by the terms of Stripe.

7.6 Energy Price Comparison

The energy savings feature provides an indicative comparison of the User's electricity and gas costs against publicly available supplier price lists and official reference values published by national regulators (in particular ERÚ for the Czech Republic, CRE for France, Ofgem for the United Kingdom, and Bundesnetzagentur for Germany). The comparison is for information only: it is not an offer, financial or energy advice, or brokerage of any contract. The Operator does not sell or broker energy, is not affiliated with any supplier, and receives no commission. Price data may be simplified or outdated; the actual price always depends on the specific contract, region, and period. The User should verify current terms directly with the supplier before making any decision. The Operator is not liable for the accuracy, completeness, or timeliness of third-party price data. No personal data of the User is shared with suppliers or regulators as part of the comparison.

8. Liability and Limitation of Warranty

8.1 Service "As Is"

The Service is provided "as is" (AS IS) and "as available" (AS AVAILABLE) without any warranties, whether expressed or implied.

8.2 Limitation of Liability

The Operator's total liability to the User for any damage arising in connection with the use of the Service is limited to the higher of the following amounts:

• The sum of the payments paid by the User over the last 12 months, or
• CZK 1,000

8.3 Exceptions to the Limitation of Liability

The limitation of liability under Article 8.2 does not apply to:

• Intentional infliction of damage or gross negligence
• Harm to health, life, or personality rights
• Breach of obligations under the Consumer Protection Act
• Breach of obligations under the GDPR

8.4 Exclusion of Liability

The Operator is not liable for:

• Decisions made on the basis of AI outputs or analytical data
• Inaccuracy of third-party market data (stock price providers, CoinMarketCap/CoinGecko, frankfurter.app)
• Outages of third-party services (Anthropic, Stripe, MongoDB Atlas, WBB)
• Loss of data caused by force majeure
• Damage arising due to unauthorized access to the User's account as a result of insufficient security on the User's side

8.5 AI Disclaimer

The outputs of the AI assistant, AI categorization, the financial score, analytical overviews, cash flow forecasts, and calculators are for informational and educational purposes only. They do not constitute financial, investment, tax, or legal advice.

Due to the probabilistic nature of machine learning, AI outputs may in some situations contain inaccurate, incomplete, or misleading information. The User is obliged to:

• Always verify the correctness of AI outputs before making any decision
• Not combine AI outputs with financial decisions without consulting a qualified professional
• Understand that AI transaction categorization may not be 100% accurate and may require manual correction

The Operator is not liable for any damage arising as a result of decisions made on the basis of AI outputs.

8.6 Accuracy of Imported Data

The Operator does not guarantee the accuracy, completeness, or correctness of data imported from bank statements (CSV, PDF, raw text) or of data synchronized via Wallet by BudgetBakers. Data import depends on the format and quality of the source file. The Operator does not verify the correctness of imported data and is not liable for decisions made on the basis of an incomplete or erroneous import.

Live prices of stocks (from external market data providers) and cryptocurrencies (CoinMarketCap/CoinGecko) may be delayed or inaccurate. The Operator does not guarantee the timeliness of market data and is not liable for investment decisions made on its basis.

8.7 Right to Human Review (GDPR Art. 22)

In accordance with Art. 22 of the GDPR, the User has the right not to be subject to a decision based solely on automated processing if such a decision has legal or similarly significant effects. AI transaction categorization and the financial score are auxiliary tools without legal effects. The User may at any time manually correct any automated output or contact the Operator at info@assetli.app with a request for human review.

8.8 Security Statement

The Operator implements reasonable technical and organizational measures to protect Users' data (see Article 4.8). Nevertheless, no method of data transmission or storage is 100% secure. The Operator cannot guarantee the absolute security of data and is not liable for unauthorized access to data caused by:

• Insufficient security on the User's side (a weak password, sharing of login credentials)
• Compromise of the User's device
• Attacks beyond the Operator's control

The User bears responsibility for the security of their login credentials, API keys, and the devices from which they access the Service.

8.9 Force Majeure

The Operator is not liable for a failure to fulfill obligations caused by circumstances of force majeure, including natural disasters, wars, pandemics, power outages, cyberattacks, third-party outages, or governmental measures.

9. Indemnification

9.1 User's Commitment

The User undertakes to indemnify, defend, and hold harmless the Operator, its employees, suppliers, and partners from any claims, damages, losses, costs, and expenses (including reasonable legal representation costs) arising from:

• The User's use of the Service
• The User's breach of these Terms
• The User's infringement of the rights of third parties (including personal data protection rights)
• The User's entry of false or misleading information
• Sharing the financial data of other persons without their consent (e.g., in Bill Splitting or the multi-profile system)

9.2 Scope

This obligation survives even after the termination of the User's account.

10. Acceptable Use

10.1 Prohibited Activities

When using the Service, it is prohibited to:

• Use the Service for any illegal activity or in violation of legal regulations
• Attempt unauthorized access to other Users' data, servers, or systems
• Perform automated access (scraping, bots, crawlers) without written consent
• Perform reverse engineering, decompilation, or disassembly of the Service
• Use data exported from the Service to train AI models or develop competing products
• Share login credentials with third parties or enable unauthorized access to the account
• Upload malicious content (malware, viruses, scripts)
• Misuse the feedback, voting, or rating system
• Enter the financial data of other persons without their knowledge and consent
• Infringe the intellectual property rights of the Operator or third parties

10.2 Consequences of Breach

A breach of the acceptable use rules is grounds for the immediate suspension or permanent deletion of the account under Article 6.2.

11. Multi-Profile System and Data Sharing

11.1 Separate Profiles

The multi-profile system allows the User to create multiple independent financial profiles (e.g., "My Finances", "Partner", "Son") under a single account. All profiles are managed by a single User — the profiles are not shared accounts with separate login credentials.

11.2 Responsibility for Data in Profiles

The User bears full responsibility for all data entered into all profiles under their account. If the User enters the financial data of another person (e.g., a partner or child), they are obliged to obtain the consent of that person to the processing of their data.

11.3 Bill Splitting and Sharing with Third Parties

The Bill Splitting feature allows expense groups to be shared via public links. The User acknowledges that:

• Data shared via public links may be accessible to persons without an Assetli account
• The Operator is not liable for the unauthorized use of data shared by the User
• The User is obliged not to share the sensitive personal data of third parties without their consent

11.4 Family Legacy

The Family Legacy feature allows emergency access to financial data to be set up for trusted persons. The User acknowledges that, by activating Family Legacy and adding contacts, they grant these persons potential access to a summary of their financial data under the conditions set by the User. The Operator is not liable for the use of data by trusted persons after obtaining authorized access.

12. Data Breach Notification

12.1 The Operator's Obligation

In accordance with Art. 33 and 34 of the GDPR, the Operator undertakes to:

• Notify a personal data breach to the supervisory authority (Czech Data Protection Authority) within 72 hours of discovery, if the breach is likely to pose a risk to the rights of data subjects
• Without undue delay, inform affected Users if the breach poses a high risk to their rights and freedoms
• Document all security breaches, including the remedial measures taken

12.2 The User's Obligation

The User is obliged to immediately inform the Operator at info@assetli.app if they discover or suspect unauthorized access to their account.

13. Data Aggregation and Anonymization

13.1 Authorization

The User agrees that the Operator may create aggregated and anonymized data from Users' data for the purpose of:

• Improving the Service and its features
• Statistical analysis and benchmarking
• Training and improving AI models for transaction categorization

13.2 Conditions

Aggregated data must not allow the identification of an individual User. Anonymized data is not subject to the GDPR and may be retained even after the deletion of the User's account.

14. Changes to the Terms

14.1 Right to Make Changes

The Operator reserves the right to change these Terms at any time.

14.2 Notification of Changes

• Minor changes (formal modifications, correction of typos): announced on the website
• Material changes (changes to rights and obligations, prices, data processing): announced by e-mail at least 30 days in advance

14.3 Disagreement with Changes

If the User does not agree with a material change, they may delete their account. In the case of an active paid subscription, they will be refunded the proportional part for the unused period.

14.4 Acceptance

By continuing to use the Service after the changes take effect, the User expresses agreement with the amended Terms. Older versions of the Terms are archived and available upon request.

15. Dispute Resolution

15.1 Out-of-Court Resolution

In the case of a dispute, the User shall first contact the Operator at info@assetli.app. The Operator undertakes to respond within 7 business days.

15.2 ODR Platform

EU consumers may use the online dispute resolution platform: https://ec.europa.eu/consumers/odr

15.3 Competent Court

• Consumer disputes: the competent court is determined by the place of residence of the User (consumer)
• Business disputes: the Regional Court in Prague

15.4 Governing Law

These Terms are governed by the law of the Czech Republic, in particular Act No. 89/2012 Coll. (the Civil Code) and Act No. 634/1992 Coll. (the Consumer Protection Act).

16. Final Provisions

16.1 Entire Agreement

These Terms, together with the Privacy Policy and the Cookie Policy, constitute the entire agreement between the Operator and the User.

16.2 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions remain in effect.

16.3 Assignment

The User may not assign their rights and obligations under these Terms without the consent of the Operator. The Operator may assign its rights (e.g., upon a sale of the service).

16.4 Non-Exercise of Rights

The fact that the Operator does not exercise a particular right does not constitute a waiver of that right.

16.5 Survival of Provisions

Provisions that by their nature are intended to survive the termination of the contractual relationship (in particular personal data protection, intellectual property, limitation of liability) survive even after the termination of the account.

16.6 Language Versions

The Terms are available in Czech, English, German, and French. In the event of a conflict between the language versions, the Czech version prevails.

16.7 Contact

Ondřej Smutný
Business ID (IČO): 75343533
Not a VAT payer
Registered office: Družstevní 511, 294 41 Dobrovice
E-mail: info@assetli.app
Web: https://assetli.app

By agreeing to these Terms, the User confirms that they:

• ✅ Have read and understand these Terms
• ✅ Agree to the processing of personal data in accordance with Article 4
• ✅ Are over 15 years of age; if aged 15–18, have the consent of their legal guardian
• ✅ Will use the Service in accordance with the Terms and legal regulations

Effective date: June 19, 2026
© 2026 Assetli. All rights reserved.