Privacy Policy

Effective as of 25.09.2023

1. General terms

Salto X OÜ, registry code 16360806, registry address Vana-Kalamaja st 45-14 Tallinn Harju County, 10415 (referred to "Salto X" in this Privacy Policy) has developed this Privacy Policy. The purpose of this Privacy Policy is to inform the Users and provide the Users with an understanding of how Salto X process, handle, collect, use, disclose, and deal with the Personal Data of the Users which are natural persons, that the Users give Salto X, that Salto X receive through third parties or that is in our possession.

This Privacy Policy will inform the Users as to how Salto X looks after the Users' Personal Data when the Users visit our website saltox.co (referred to "Salto X Platform") (regardless of where Users visit it from) and tell the Users about the Users' privacy rights and how the law protects the Users.

If Users have any questions regarding the Privacy Policy of Salto X or if Users wish to obtain additional information on how to exercise the rights specified herein, Users can contact Salto X by writing an email to dpo@saltox.co. Additional contact information is available on the Salto X Platform.

The Personal Data processing activities carried out by Salto X can be described not only in this Privacy Policy but also in the Terms of Use of the Salto X Platform and the Cookies section of the Privacy Policy.

The terms used in the Privacy Policy conform to the terms used in the Terms of Use insofar as the Privacy Policy does not specify otherwise.

"Personal Data" refers to any information that directly or indirectly can identify a living natural person, such as name, address, contact details, identification numbers, online identifiers, etc.

2. Processing of the Personal Data

2.1 Collection of the Personal Data

Personal Data is collected from the User directly and from the User's use of the Services, as well as indirectly from external sources and third parties such as public and private registers or other providers of databases or other persons (see Section 6). Salto X may record phone calls, visual images, video, and/or audio, save e-mail communication, or otherwise document the User's interaction and communication with Salto X. Salto X primarily collects from and processes the Personal Data about the Users. Salto X also collects from and processes the Personal Data of such natural persons as:

legal representatives, authorised persons, contact persons, transaction partners, registrants, agents, payers, heirs;

who are connected to the Company, for example, shareholders, board members, corporate representatives, signatories, and ultimate beneficial owners.

2.2 Categories of the Personal Data

Salto X processes several categories of Personal Data from the Users and other third parties:

2.2.1. identification data such as - the User's first name and surname, middle name, gender, date of birth, place of birth, personal identity number, place of tax residence, tax ID;

2.2.2. contact data such as - the User's residence address or address for communication purposes, postal address, country of residence, email address and phone number, the language of communication;

2.2.3. financial data such as - bank account;

2.2.4. occupation (employment) data such as - data about employer, occupation, position grade, area of work, and working experience;

2.2.5. correspondence records such as - the User's communication with Salto X through the Salto X Platform via live chat, via email and/or by phone, or other tools which could be introduced, as well as information from surveys and polls (type, date, tracking ID);

2.2.6. location data such as - IP address, login place, and transaction place;

2.2.7. other data - voice and/or video recording data such as phone voice recordings.

Salto X does not process sensitive data related to the User's health, ethnicity, religious or political beliefs unless required by law or in specific circumstances where, for example, the User reveals such data while using the Services.

3. Cookies

Salto X uses cookies to analyse how the User uses the Salto X Platform. Please read Cookie Policy for more information about cookies.

4. Legal basis and purpose of processing the Personal Data

4.1. Performance of agreements

For Salto X to provide the Services it shall gather certain information about Users. In such cases, the main purpose of the processing of the User's data by Salto X is to document, execute and administer agreements with the User.

Examples of such purposes of processing are:

to take steps at the request of the User prior to entering into an agreement, as well as to conclude, execute, maintain, and terminate an agreement with the User.

to execute national and international transactions via financial institutions, settlement, and payment systems.

to manage relations with the Users, as well as to authorise, provide, control, and administer access to the Services.

4.2. Compliance with legal obligations

For Salto X to comply with the legal obligations under applicable legislation, Salto X is required to process the User's Personal Data in accordance with regulatory legislation and data protection legislation.

Examples of such purposes of processing are:

before the User may use the Services on the Salto X Platform and during the cooperation with the User under the Agreement, Salto X performs the due diligence of the User, to verify the User's identity and to keep the User's data updated and correct by verifying and enriching data through external and internal registers;

to prevent, discover, investigate, and report money laundering, and terrorist financing;

to comply with rules and regulations related to accounting, tax information exchange, and risk management.

4.3. Legitimate interest

Some purposes of the User's Personal Data processing are based on Salto X legitimate interests balanced against the User's as a data subject's interests and rights.

Examples of such purposes of processing are:

to provide the User with additional Services, create offers, and direct marketing activities through different channels;

to develop, examine and improve Salto X business, the Services, and the User experience, to strengthen User’s satisfaction and loyalty, as well to strengthen Salto X brand, to perform surveys, analyses, and statistics;

to organise lotteries, competitions, campaigns, and events for the Users;

to protect the interests of the User and/or Salto X and Salto X employees, including security measures;

to prevent, limit, and investigate any misuse or unlawful use or disturbance of the Services, including fraud prevention;

to ensure adequate provision of the Services and the safety of information within the Services, as well as to improve, develop and maintain Salto X website, technical systems and IT infrastructure, including testing Salto X digital environment;

to record phone calls and video streams with the Users for Service quality assurance and claims processing purposes;

to provide payment initiation and/or account information service to the User.

4.4. Consent

In some cases, Salto X will ask for the User's consent to process Personal Data. In those cases, the User will be separately informed about the particular purpose of processing. If the User submits sensitive data or data not requested by Salto X on its own initiative, processing will occur based on the User's explicit consent. The User can withdraw given consent at any time.

5. Profiling and automated decision making

Profiling is any form of automated processing of Personal Data used to assess certain personal characteristics of the User, in particular, to analyse or predict, for example, the economic situation, personal preferences, interests, and place of residence. Profiling is used, for example, to make analysis based on the performance of agreements and for marketing activities and service development based on Salto X legitimate interest or the User's consent. Salto X may make automated decisions in such processes as risk management and transaction monitoring to counter fraud in compliance with the regulatory legislation in areas of anti-money laundering, terrorism, and proliferation financing.

6. Transfer of Personal Data to third parties

As part of Salto X processing, Salto X may share the User's data with certain recipients such as authorities, Salto X group companies, suppliers, payment service providers, and business partners. At the same time, Salto X will not disclose more of the User's Personal Data than is necessary for the purpose of disclosure and in accordance with regulatory requirements and data protection legislation.

Recipients may process the User's Personal Data by acting as data processors and/or as data controllers. When a recipient processes the User's Personal Data on its own behalf as a data controller, the recipient is responsible for providing information on such processing of the User's Personal Data. Salto X undertakes to guarantee appropriate technical and organisational security measures to ensure that the Personal Data processor upholds security standards that are not lower than the security standards set by Salto X.

Salto X discloses the Personal Data to recipients such as:

authorities, such as law enforcement agencies, bailiffs, notaries, tax authorities, supervisory authorities and Financial Intelligence Unit, and any other authorised person, including administrators, which are involved in any restructuring process of the Companies;

third party, who is taking debt collection steps to recover debt from the User (such as debt collectors, lawyers, court bailiffs, insolvency administrators, etc.);

to the parent (holding) company of Salto X, its governing enterprise and any enterprises dependent on the governing enterprise, other companies or enterprises, which directly or indirectly have obtained a significant share in the share capital of Salto X or in which Salto X has obtained direct or indirect participation, insofar as such information is necessary for the performance of functions delegated to them;

credit and financial institutions, correspondent banks, custodian banks, insurance providers and intermediaries of services, third parties participating in the trade execution, settlement, and reporting cycle;

financial and legal consultants, auditors, or any other data processors of Salto X, insofar as such information is necessary for the performance of functions delegated to them;

providers of databases and registers, e.g. to population registers, commercial registers, securities registers, or other registers holding or intermediating the User's data, debt collectors and bankruptcy, bailiffs, notaries or insolvency administrators;

participants and/or parties related to domestic, European, and international payments;

persons and suppliers related to the provision of the Services of Salto X, such as providers of IT, telecommunications, payment intermediaries, credit institutions, hosting, archiving, postal services, etc.

Please be informed that the User data may be requested by the state authorities located in the countries where Salto X offers its services, including countries outside the EU/ EEA. In all such cases, Salto X evaluates the request and assesses whether the provided reasoning for the disclosure of the User's data is substantiated, whether the requested data amount is proportional, and whether the correct channels have been used to request the disclosure of the User's data. Unless prohibited by law, Salto X will inform the User about receiving a request to disclose the particular User's data.

7. Geographical area of processing

As a general rule, the User's Personal Data is processed within the European Union/ European Economic Area (referred to as "EU/ EEA") but in some cases may be transferred to and processed in countries outside of the EU/EEA.

The transfer and processing of Personal Data outside of the EU/EEA can take place provided there is a legal basis and one of the following conditions:

the country outside the EU/EEA, where the recipient is located, has an adequate level of data protection as decided by the EU Commission;

the controller or processor has provided appropriate safeguards, for example, the EU Standard Contractual Clauses or other authorised contractual clauses, approved codes of conduct, or certification mechanisms;

there are derogations for specific situations applicable, for example, the User's explicit consent, the performance of a contract with the User, conclusion or performance of a contract concluded in the interest of the User, establishment, exercise, or defense of legal claims, important reasons of public interest. Upon request, the User can receive further details on his/ her data transfers to countries outside the EU/EEA.

8. Retention period

Personal Data will be retained for no longer than is necessary for the particular purpose of processing for which the data is collected, or which is stipulated in the regulatory legislation.

Personal Data will be processed by Salto X as long as the contractual relationship with the User exists.

In cases when Personal Data processing occurs based on the User's consent, the Personal Data will be retained as long as the consent is valid.

Other retention periods may be established and applicable when the Personal Data is processed for purposes based on Salto X legitimate interest, for example, for the establishment, exercise or defence of legal claims, for a maximum period of limitation according to the regulatory legislation.

In all cases, Salto X limits the processing of Personal Data to a minimum.

9. Your rights as a data subject

Salto X respects User's rights to access, manage and control the Personal Data that Salto X processes. Once Salto X receives a request from the User to exercise any of the rights listed below, Salto X will review the User's request and provide a response without undue delay and in any event within one month of receipt of the request.

According to the data protection legislation, this time period may be extended if the User's request is complex or if due to the number of received requests, Salto X cannot prepare a reply within the previously set time limit. In this case, Salto X informs the User about the extension of the time limit for preparing a reply to the User's request and indicates the specific term for preparing a reply.

Should the User wish to exercise any of the rights listed below, the User can do so by submitting a request in one of the following ways:

9.1. by sending an electronic request to: dpo@saltox.co

9.2. by sending a signed request to: Estonia, Tallinn, Vana-Kalamaja 45-14, 10415

Salto X reserves the right to request additional information from the User in order to verify the identity of the person, who has sent the request, and to protect the User's data from being disclosed to unauthorised persons, as well as to request a signed request with secure e-signature or with handwritten signature for verification and security purposes. If the User or Salto X has terminated the Agreement and is not able to identify the data subject via the User's Account, Salto X has the right to request identification of the person before any Personal Data disclosure, based on such request.

The User has the right to access the Personal Data free of charge. However, if the User's requests are manifestly unfounded or excessive, Salto X retains the right to charge a reasonable fee or to refuse to act on the request.

Below is a summary of the User's specific rights:

receive confirmation if the User's Personal Data is being processed by Salto X and, if so, then to access it;

require the User's Personal Data to be corrected if it is inadequate, incomplete, or incorrect;

require the erasure of the User's Personal Data;

restrict the processing of the User's Personal Data;

object to the processing of the User's Personal Data if the processing is based on Salto X's legitimate interests;

object to the processing of the User's Personal Data for direct marketing;

receive the Personal Data that is provided by the User and is being processed based on consent or performance of an agreement in a structured, commonly used electronic format and, where feasible, transmit such data to another service provider (right to data portability);

withdraw the consent to process the User's Personal Data;

request not to be subject to fully automated decision-making, including profiling, if such decision-making has legal effects or similarly significantly affects the User. This right does not apply if the decision-making is necessary in order to enter into or to perform an agreement with the User, if the decision-making is permitted under the data protection legislation, or if the User has provided explicit consent.

If the User considers that the processing of the User's Personal Data infringes the User's rights and interests under the data protection legislation, the User can lodge a complaint. The complaint can be lodged with a supervisory authority (Estonian Data Protection Inspectorate - https://www.aki.ee/en) or with a supervisory authority in the EU Member State of the User's habitual residence or place of work.

10. Validity and amendments of the Privacy Policy

Salto X has the right to make changes to the Privacy Policy at any time by posting them on the Salto X Platform, and by informing the Users individually by sending them an email. Any version of the Privacy Policy that is published on the Salto X Platform replaces all previous versions of the Privacy Policy and takes effect immediately upon posting or from the effective date as indicated.

Privacy Policy

  1. Definitions and Interpretations

    1. Definitions
      Admin
      an individual who registered the User Account on behalf of the Company and/or interacts with the Salto X Platform on behalf of the Company. 
      Agreement
      the agreement between the User and Salto X pursuant to these Terms of Use.
      Business Day (s)
      the agreement between the User and Salto X pursuant to these Terms of Use.
      Company (ies)
      prospective and active legal entities registered on the Salto X Platform. 
      Default
      any act or omission by the User, or a failure by the User to perform any relevant obligation.
      Fees
      any fee to be paid by the Company for the Services on the Salto X Platform to the Salto X.
      Participant (s)
      employee or another contributor of the Company who is invited by the Company to participate in its Plan, and who uses the Platform to receive or view share or option holdings. 
      Participant Data
      data and information provided to Salto X about Participant in connection with the provision of the Services or use of the Salto X Platform.
      Plan
      an incentive plan set up by the Company via Salto X Platform. 
      Privacy Policy
      the privacy policy of Salto X available on the Salto X Platform as amended from time to time.
      Registration
      the process by which the User creates a User Account and gains access to the Salto X Platform's Services and features.
      Salto X
      Salto X OÜ, registry code 16360806, VAT number EE102439757, registered at Estonia, Tallinn, Vana-Kalamaja 45-14, 10415.
      Salto X Platform
      websites created and serviced by Salto X, merged under the domain name saltox.co.
      Sanctions
      any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority.
      Services
      services provided to the Companies and, as may be applicable, to the Participants, by the Salto X via Salto X Platform or other digital means, such as video calls, as described under these Terms of Use.
      Terms of Use
      these Terms of Use of the Salto X Platform, as amended from time to time. 
      Third-Party Content
      any third-party content, including but not limited to links, advertisements, promotions, or any other materials or information. 
      User(s)
      the Company, the Admin and the Participant each separately or jointly, as the context may require. 
      User Account
      An account registered and created by the User on the Salto X Platform.
    2. A reference to “we” or “us” is a reference to Salto X and a reference to “you” or “your” is a reference to each User of the Salto X Platform. If you are entering into these Terms of Use on behalf of a Company, you represent that you have the authority to bind such entity to these Terms of Use, in which case the term “you” refers to such entity.
    3. A reference to writing or written includes email.
    4. A reference to a particular law is a reference to it, as it is in force for the time being, taking account of any amendment, extension or re-enactment, and includes any subordinate legislation for the time being in force made under it.
  2. Scope of the Services 

    1. On the Salto X Platform, the Company may set up and manage the Plans, add and manage the Participants with respect to their participation in the Plan, as well as perform other activities with respect to the Plan and its management on the Salto X Platform. 
    2. Also, on Salto X Platform you can access educational and informational materials, and be provided with certain web tools. These tools and materials are designed to complement and enrich your interactions with Salto X Platform, providing you with a more robust and rewarding digital experience.
    3. Salto X may from time to time run special offer campaigns on the  Salto X Platform. In such cases, special terms of use will be applicable. 
    4. Salto X acts only as a “Software as a Service” and provides tools for the Company to set up and manage the Plans, and for the Participants to access such Plans with respect to their participation. All legal relationships existing with respect to the Plan are only between the Company and its Participant(s).
    5. The Company may request, and Salto X may provide the Company with additional Services, including but not limited to training sessions with respect to the employee incentive plans and preparing customised educational materials.
    6. Details about our Services may be found in these Terms of Use as well as on the Salto X Platform and related materials. 
    7. It is the responsibility of the Users to independently assess in detail the implications of the Services and products provided by the Salto X Platform on their business, individual financial position, or tax obligations.
    8. We reserve the right to change these Terms of Use as prescribed further in these Terms of Use and/or to modify, discontinue, disable or terminate the access (or any part or feature thereof) to Salto X Platform at any time, without prior notice.
  3. The Services we provide and the way we provide them

    1. On the Salto X Platform, the Company may set up and manage the Plans, add and manage the Participants with respect to their participation in the Plan, as well as perform other activities with respect to the Plan and its management on the Salto X Platform. 
    2. Also, on Salto X Platform you can access educational and informational materials, and be provided with certain web tools. These tools and materials are designed to complement and enrich your interactions with Salto X Platform, providing you with a more robust and rewarding digital experience.
    3. Salto X may from time to time run special offer campaigns on the  Salto X Platform. In such cases, special terms of use will be applicable. 
    4. Salto X acts only as a “Software as a Service” and provides tools for the Company to set up and manage the Plans, and for the Participants to access such Plans with respect to their participation. All legal relationships existing with respect to the Plan are only between the Company and its Participant(s).
    5. The Company may request, and Salto X may provide the Company with additional Services, including but not limited to training sessions with respect to the employee incentive plans and preparing customised educational materials.
    6. Details about our Services may be found in these Terms of Use as well as on the Salto X Platform and related materials. 
    7. It is the responsibility of the Users to independently assess in detail the implications of the Services and products provided by the Salto X Platform on their business, individual financial position, or tax obligations.
    8. We reserve the right to change these Terms of Use as prescribed further in these Terms of Use and/or to modify, discontinue, disable or terminate the access (or any part or feature thereof) to Salto X Platform at any time, without prior notice.
  4. Registration and Use of the Salto X Platform

    1. In order to use the Salto X Platform, each User must register and create the User Account on the Salto X Platform. 
    2. You may create the User Account via third-party authorization services, such as Google Single Sign-On (SSO).
    3. In order to complete the User Account and start using the Salto X Platform, the User will be required to provide information during the Registration process.  Once this is done, the User will be able to use Salto X Platform.  
    4. The Registration requires all requested data to be provided completely and truthfully. In providing the Registration information, you agree not to provide false information, omit or misrepresent information, or otherwise conceal your identity or any material information. 
    5. By completing the Registration on the Salto X Platform, the User enters into the Agreement to be bound by these Terms of Use with Salto X and confirms that it has read and understood Salto X Privacy Policy, which is valid at the time of Registration.
    6. Details about our Services may be found in these Terms of Use as well as on the Salto X Platform and related materials. 
    7. It is the responsibility of the Users to independently assess in detail the implications of the Services and products provided by the Salto X Platform on their business, individual financial position, or tax obligations.
    8. We reserve the right to change these Terms of Use as prescribed further in these Terms of Use and/or to modify, discontinue, disable or terminate the access (or any part or feature thereof) to Salto X Platform at any time, without prior notice.