Bexit Privacy Policy
1. Introduction
Bexit ("Bexit", "we", "us", or "our") respects your privacy and is committed to protecting your personal information.
This Privacy Policy explains how Bexit collects, uses, stores, protects, and shares information when you access or use the Bexit mobile application, website, and related services (collectively, the "Services").
Bexit provides a platform that connects business owners and founders who wish to sell their businesses with individuals or entities interested in purchasing or investing in businesses.
By creating an account or using the Bexit Services, you acknowledge that you have read and understood this Privacy Policy and agree to the collection and use of your information as described below.
2. Information We Collect
2.1 Account Information
When you register for a Bexit account, we may collect:
- Full name
- Email address
- Mobile phone number
- Password or authentication information
- Account type, such as Founder/Seller or Investor/Buyer
- Profile information that you choose to provide
2.2 Profile and Business Information
If you create or manage a business listing, we may collect information that you voluntarily provide, including:
- Business name
- Business description
- Business location
- Business category or industry
- Asking price or expected valuation
- Financial or operational information submitted as part of a business listing
- Information about your role or relationship with the business
- Business images, documents, and other supporting information
- Any other information you voluntarily provide in connection with a business listing
If you use Bexit as an investor or buyer, we may collect information relating to your investment interests, preferences, and requirements that you choose to provide.
2.3 Transaction and Payment Information
If you purchase a membership or other paid service through Bexit, we may collect information necessary to process and verify the transaction, such as:
- Membership or subscription details
- Transaction reference and payment status
- Billing information
- Other information required to process the payment
Payment card details may be processed directly by our third-party payment service provider. Bexit does not necessarily store complete payment card information on its own systems.
2.4 Communications
We may collect information contained in communications you send to us, including inquiries, support requests, feedback, and complaints.
If Bexit provides communication features between users, information necessary to operate, secure, and support those features may also be processed.
2.5 Technical and Usage Information
When you use Bexit, we may automatically collect certain technical information, including:
- IP address
- Device type
- Operating system
- Application version
- Browser type, where applicable
- Device identifiers
- Login information
- Date and time of access
- Pages, screens, or features accessed
- General usage and interaction information
- Error and diagnostic information
This information helps us operate, maintain, secure, and improve the Services.
3. How We Use Your Information
We may use the information we collect for the following purposes:
- To create and manage your Bexit account
- To provide and operate the Bexit Services
- To allow founders to create and manage business listings
- To allow investors and buyers to discover business opportunities
- To facilitate communication between users where the relevant Bexit features are used
- To process memberships, subscriptions, and payments
- To verify accounts and information where appropriate
- To provide customer support
- To communicate with you regarding your account, membership, transactions, or the Services
- To send service-related notifications
- To improve and develop Bexit and its features
- To monitor and maintain the security of the Services
- To detect, prevent, and investigate fraud, misuse, unauthorized access, or other prohibited activities
- To comply with applicable laws, regulations, legal requests, and governmental requirements
- To establish, exercise, or defend our legal rights
- To enforce our Terms and Conditions and other applicable policies
Where marketing communications are sent, you may have the option to opt out in accordance with applicable requirements.
4. Business Listings and Information Shared Through Bexit
Bexit allows users to publish information relating to businesses for potential buyers or investors.
Information that you choose to include in a public or accessible business listing may be viewed by other Bexit users depending on the features, membership level, and privacy settings applicable to the Services.
You are responsible for ensuring that you have the necessary rights and permissions to provide any business information, documents, photographs, or other content that you upload to Bexit.
You should avoid uploading personal information relating to another individual unless you have the appropriate legal basis or permission to do so.
5. Sharing of Personal Information
We may share personal information where reasonably necessary to operate Bexit and provide the Services.
This may include sharing information with:
- Our employees and authorized personnel
- Technology and hosting service providers
- Payment service providers
- Cloud storage and infrastructure providers
- Communication and customer-support service providers
- Professional advisers, including legal, accounting, or financial advisers
- Service providers that assist us with security, fraud prevention, analytics, or technical operations
We may also disclose information:
- When required by applicable law or a valid legal request
- To comply with governmental or regulatory requirements
- To investigate suspected fraud, security incidents, or unlawful activity
- To establish, exercise, or defend our legal rights
- To protect the rights, safety, or property of Bexit, our users, or others
- In connection with a merger, acquisition, restructuring, sale, or transfer of all or part of our business or assets
We will not sell your personal information to third parties for their independent direct marketing purposes without your consent where such consent is required by applicable law.
6. Payment Service Providers
Membership and other payments made through Bexit may be processed through third-party payment service providers, including UPayments, or another payment provider selected by Bexit.
Payment information may be shared with the relevant payment provider to process transactions, refunds, payment verification, and payment-related inquiries.
The processing of payment information by the payment provider may also be subject to that provider's own terms and privacy policy.
7. International Data Transfers
Some of our service providers or technology infrastructure may be located outside Kuwait.
Where personal information is transferred, stored, or processed outside Kuwait, we will take reasonable measures to ensure that such processing is carried out in accordance with applicable laws and applicable data protection requirements.
Information that you voluntarily make available through Bexit may also potentially be accessible to users in other countries depending on the functionality of the Services.
8. Retention of Personal Information
We retain personal information only for as long as reasonably necessary for the purposes described in this Privacy Policy, including:
- Providing and maintaining your account and the Services
- Maintaining business and transaction records
- Meeting legal, regulatory, accounting, or reporting obligations
- Resolving disputes
- Preventing fraud and misuse
- Establishing, exercising, or defending legal claims
When information is no longer required, we may delete, anonymize, or securely dispose of it in accordance with applicable requirements.
9. Security of Personal Information
We take reasonable technical and organizational measures to protect personal information against unauthorized access, loss, misuse, alteration, disclosure, or destruction.
These measures may include access controls, authentication, encryption where appropriate, secure hosting, monitoring, and other security practices.
However, no method of transmitting or storing information electronically can be guaranteed to be completely secure. Therefore, while we take reasonable measures to protect your information, we cannot guarantee absolute security.
You are responsible for keeping your Bexit account credentials confidential and should notify us if you believe your account has been accessed without authorization.
10. Cookies and Similar Technologies
Where applicable, you may manage cookies through your browser or device settings. Disabling certain cookies may affect the functionality of some features.
For the mobile application, similar technologies such as device identifiers, software development kits (SDKs), or analytics technologies may be used where necessary to operate and improve the application.
The Bexit website and certain digital services may use cookies or similar technologies to:
- Maintain sessions and account functionality
- Remember preferences
- Improve performance and functionality
- Understand how users interact with our Services
- Improve security
- Analyze usage and performance
11. Your Rights
Requests relating to your personal information can be submitted using the contact details provided in Section 15.
We may need to verify your identity before processing certain requests.
Some requests may be subject to legal or regulatory limitations.
Subject to applicable laws and regulations, you may have rights regarding your personal information, including the right to:
- Request access to personal information we hold about you
- Request correction or updating of inaccurate information
- Request restriction of certain processing where legally applicable
- Object to certain uses of your information
- Withdraw consent where processing is based on consent
- Opt out of certain marketing communications
12. Third-Party Services and Links
Bexit may use or provide access to third-party services, payment providers, websites, applications, or other services.
Third-party services may have their own privacy policies and terms. Bexit is not responsible for the privacy practices of third parties that operate independently from Bexit.
We recommend reviewing the privacy policies of third-party services before providing them with personal information.
13. Children's Privacy
Bexit is intended for individuals who are 18 years of age or older.
We do not knowingly collect personal information from individuals under 18 through the Services.
If we become aware that personal information has been provided by an individual under 18, we may take reasonable steps to delete such information.
14. Changes to This Privacy Policy
We may update this Privacy Policy from time to time to reflect changes to our Services, business practices, legal requirements, or applicable regulations.
When changes are made, we may update this Privacy Policy and provide notice where required by applicable law.
Where required by applicable law, we may also provide additional notice or obtain consent for material changes.
Your continued use of Bexit after an updated Privacy Policy becomes effective constitutes your acknowledgment of the updated policy, to the extent permitted by applicable law.
15. Contact Us
If you have questions, concerns, requests, or complaints regarding this Privacy Policy or the handling of your personal information, please contact us:
Bexit
Email: info@bexit.co
WhatsApp: +965 66774530
Commercial Registration No.: 432070