Privacy Policy
How 7Net Finance collects, uses, stores, and protects your personal and business data.
Privacy Policy
7Net Finance (operated by SEED Manufacturing and Leasing Company, "we", "us", or "our") is committed to protecting and respecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our platform.
1. Information We Collect
1.1 Personal Information
We collect information you provide directly to us, including:
| Category | Examples |
|---|---|
| Identity | Full name, date of birth, national ID number |
| Contact | Email address, phone number, postal address |
| Business | Business name, registration number, TIN, business type |
| Financial | Income, assets, liabilities, requested loan amount |
| Documents | Uploaded scanned copies of official documents |
1.2 Automatically Collected Data
When you use the platform we may automatically collect:
- IP address and device information
- Browser type and version
- Pages visited and time spent
- Referring URLs
2. How We Use Your Information
We use the information we collect to:
- Process and evaluate your finance access application
- Forward your application to appropriate financial institutions
- Communicate with you regarding your application status
- Verify your identity and prevent fraud
- Comply with legal and regulatory obligations
- Improve our platform and services
3. Legal Basis for Processing
We process your personal data under the following lawful bases:
- Contractual necessity – to process your application
- Legal obligation – to comply with Ethiopian financial regulations and anti-money laundering (AML) requirements
- Legitimate interests – to maintain platform security and prevent fraud
- Consent – where explicitly provided by you
4. Sharing Your Information
We may share your information with:
- Partner financial institutions – to assess and process your financing application
- Regulatory authorities – when required by law (e.g., National Bank of Ethiopia)
- Service providers – technical vendors acting on our behalf under data processing agreements
- Legal advisors – in the event of a dispute or legal proceeding
We do not sell your personal data to third parties.
5. Data Retention
Your data is retained for as long as necessary to fulfil the purposes for which it was collected, subject to legal retention requirements. Application data is typically retained for a minimum of 7 years to comply with Ethiopian financial record-keeping regulations.
6. Data Security
We implement appropriate technical and organisational measures to protect your data, including:
- TLS encryption for data in transit
- Access control and role-based permissions
- Regular security audits
However, no transmission over the internet is completely secure. By using the platform you accept this inherent risk.
7. Your Rights
Subject to applicable law, you have the right to:
- Access the personal data we hold about you
- Request correction of inaccurate data
- Request deletion of data (subject to legal retention obligations)
- Object to or restrict certain processing activities
- Withdraw consent at any time (where processing is consent-based)
To exercise any of these rights, contact us at privacy@seedleasing.et.
8. Cookies
We use cookies and similar tracking technologies. Please see our Cookie Policy for full details.
9. Changes to This Policy
We may update this Privacy Policy periodically. The revised version will be indicated by an updated "Effective Date" and will be made available on the platform.
10. Contact Us
For privacy-related queries:
SEED Manufacturing and Leasing Company — Data Protection Officer Email: privacy@seedleasing.et Addis Ababa, Ethiopia
Last updated: January 1, 2025