Last Updated: June 6, 2023
Welcome to the Indie Technologies, Inc. (dba Found) (“Found”, “we”, or “us”) website located at https://found.com (the “Site”). These Terms of Service and any Additional Terms as discussed herein (collectively, the “Terms”) are a legal agreement between you, as a current or prospective user of Found’s services (“you,” “your”), and Found. Please read these Terms and our Privacy Policy (“Privacy Policy”) carefully because they govern your use of our Site and our financial management and certain banking services designed for self-employed professionals accessible via our Site and our mobile device application (“App”). To make these Terms easier to read, the Site, our services and App are collectively called the “Services.”
Found is a financial technology company and not a bank. Found provides you with access to products and services provided by third parties, including Piermont Bank, Member FDIC, (“Sponsor Bank”) that offers Found-branded banking products and services. By opening a deposit account with Sponsor Bank through our Services (your “Account”), you also agree to the Piermont Business Account and MasterCard Agreement (available at https://found.com/legal/piermont-account-terms) and Piermont’s Privacy Policy (available at https://www.piermontbank.com/privacy-policy/). The banking services associated with your Account, and described herein, are provided by Sponsor Bank.
IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE TERMS YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND CLIENT THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTION 22 “DISPUTE RESOLUTION” BELOW FOR DETAILS REGARDING ARBITRATION.
Agreement to Terms. By using our Services, you agree to be bound by these Terms which include any additional terms listed on our Legal Documents page that relate to your use of any of our Services or features thereof. If you don’t agree to be bound by these Terms, do not use the Services. If you are accessing and using the Services on behalf of a company or other legal entity, you represent and warrant that you have the authority to bind that company or other legal entity to these Terms. In that case, “you” and “your” will refer to that company or other legal entity.
Privacy Policy. Please refer to our Privacy Policy for information on how we collect, use, and disclose information from our users. You acknowledge and agree that your use of the Services is subject to our Privacy Policy.
Changes to Terms or Services. We may update the Terms at any time, at our sole discretion. If we do so, we’ll let you know either by posting the updated Terms on the Site or through other communications. It’s important that you review the Terms whenever we update them or you use the Services. If you continue to use the Services after we have posted updated Terms, you are agreeing to be bound by the updated Terms. If you don’t agree to be bound by the updated Terms, then, except as otherwise provided in Section 22(f) “Effect of Changes on Arbitration,” you may not use the Services anymore. Because our Services are evolving over time we may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion.
Who May Use the Services?
Eligibility. The Services are only available to residents of the United States. You may use the Services only if you can form a binding contract with Found. You agree to use the Services in compliance with these Terms, and all applicable local, state, national, and international laws, rules and regulations. We may require those users who have not reached the age of majority in their jurisdiction to provide us with parental or legal guardian consent to enroll in the Services. Any use or access to the Services by anyone under 13 is strictly prohibited. The Services are not available to any Customers of the Services previously removed from the Services by Found.
Registration and Your Information. If you want to use certain features of the Services you’ll have to create an Account). To create an Account, you will be asked to provide information requested by us or Sponsor Bank. Any information you provide will be collected and used in accordance with our Privacy Policy.
Prohibited Businesses. Found does not allow Account creation for businesses engaging in restricted and prohibited activities. A full list of Prohibited Businesses can be found at https://found.com/help/using-found/prohibited-businesses.
Accuracy of Account Information. It’s important that you provide us with accurate, complete and up-to-date information for your Account and you agree to update such information to keep it accurate, complete and up-to-date. If you don’t, we might have to suspend or terminate your Account. You agree that you won’t disclose your Account password to anyone and you’ll notify us immediately of any unauthorized use of your Account. You’re responsible for all activities that occur under your Account, whether or not you know about them.
Customer ID and Password Security.