version of 16 September 2023
We use your personal data only when it is lawful under the applicable privacy law and only to the extent it is necessary to achieve our purposes (please consult Section 1.4). We collect and use the following types of your personal data in connection with your use of the Website and the Services Game.
The customer support data includes data collected and used in connection with customer support provided by us to you. For example, this may include your communication with us as regards your rights as a Consumer, your participation in our surveys or questionnaires or your other requests, questions and queries.
The technical data includes data collected and used in connection with the ICT Systems. For example, this includes your IP address, information about your operating system or other software used by your device, hardware details, statistics derived from this data and so on. Generally speaking, most of this information is anonymous data. However, in some cases it may be used to identify you, for example in combination with other data.
We collect and process your personal data in connection with your use of the Website and the Services. As a general rule, we collect your personal data directly from you and from your devices. Generally speaking, we process your personal data to the extent necessary to provide the Services, ensure smooth operation of the Website or for other legitimate purposes. You can find the description of such purposes and legal grounds for processing in greater detail below.
We process your personal data, such as your IP address or other online identifiers, for the purpose of rendering electronic services within the scope of providing Users with access to the contents collected on the Website. The legal ground for such processing is the necessity of processing for performance of a contract with you (Article 6(1)(b) GDPR).
We process your personal data to ensure the security of the Website and our ICT systems and to manage them. For example, we record some of your personal information in a system logs (special computer program used for storing a chronological record containing information about events and actions related to the ICT Systems used for rendering Services us). The legal ground of the processing is our legitimate interest (Article 6(1)(f) GDPR), which consists of our need to ensure security and safety of our ICT systems used in connection with the Website and the Services.
We process your personal data for the communication and marketing purposes. For example, to inform you about our activity and promote various events, services and products. We also process your personal data to communicate with you, to promote our brand and for direct marketing purposes, for example to collect your feedback on our products or services. The legal basis of the processing is our legitimate interest (Article 6(1)(f) GDPR), which consists of improving our services, communication with the Users, promotion and marketing. Where required under statutory law, we will be conducting direct marketing activities only with your consent.
We process your personal data for analytical and statistical purposes. The legal ground for such processing is our legitimate interest (Article 6(1)(f) GDPR), which consists of conducting analyses of your activity, as well as of your preferences in order to improve functionalities and services provided by us. Where required under statutory law, we will be conducting analytical activities only with your consent.
We use your personal data to ensure compliance with the applicable law. For example, this includes processing of your personal data to comply with consumer protection law. We also process your personal data to comply with the GDPR, for example when you submit your request as regards your privacy rights and for accountability purposes. The legal ground for processing is the necessity of processing for compliance with appropriate legal obligation under applicable statutory law to which we are subject (Article6(1)(c) GDPR).
We may process your personal data, if necessary, to establish and assert claims or to defend against claims. The legal ground for such processing is our legitimate interest (Article 6(1)(f) GDPR), which consist of the protection of our legal rights.
We store your personal data only as long as necessary for the purposes we collected it. This means that the duration of storage depends on the purpose of processing. For example, we store your personal data for the period of time when we provide you the Services in accordance with the agreement we have entered with you subject to the Terms of Service. We store personal data processed on the basis of legitimate interest(s), our or those of a third party, until you lodge an effective objection to such processing. Similarly, when we process your personal data on the basis of your consent, we store it until you withdraw your consent.
The duration of storage or use of your data may be extended in certain situations. For example, we may store your personal data after you terminate the agreement with us when required by law. We may also continue to store and use the same dataset if we use it for a different purpose and on a different legal basis, if admissible by law. For example, if you terminate the agreement with us, we may continue to use personal data provided by you in connection with your use of the Services when necessary to establish and assert possible claims or to defend against claims (if we have a legitimate interest to do so).
After the end of the period of data storage, we permanently delete or anonymize your personal data.
As a general rule, we do not share your personal data unless it is necessary. For example, we may share your personal data for example in connection with the provision of the Services under the Terms. We may disclose your personal data to the following categories of recipients:
As a general rule, our partners are located in the European Economic Area. However, some of them may be located outside of the EEA, for example in the United States. Please consult Section 1.7 for more details on transfers of your personal data outside of the EEA.
The level of protection for the Personal Data outside the European Economic Area (EEA) differs from that provided by the EU law. For this reason, we transfer your personal outside the EEA only when necessary and with an adequate level of protection, primarily by cooperating with processors of the personal data in countries for which there has been a relevant European Commission decision finding an adequate level of protection for the Personal Data. Alternatively, we may use the standard contractual clauses issued by the European Commission. If you want to learn more about these safeguards, obtain a copy of them or learn where they have been made available, contact us (please consult Section 1.1 above).
In some cases provision of your personal data is mandatory by law or necessary in order to carry out your request or to perform a contract we have with you. If you fail to provide us with your personal data in such situations, we may not be able to carry out your request, perform a contract with you (or enter into it) or comply with the law. In some cases this may mean that we will terminate the contract or stop our engagement with you. For example, if you do not provide your personal data necessary for the consumer complaint procedure, we may not be able to handle your complaint.
In other cases provision of your personal data is voluntary. If you fail to provide us with your personal data in such situations, we may not be able to carry out your request or achieve our goal. For example, if you do not share your contact details with us, we may not be able to contact you.
To exercise your right(s) contact us (please consult Section 1.1 above).
Depending on where you live, you may have different privacy rights. If the EU law applies to you, you have the following rights under the GDPR:
You can request from us information about the processing of your personal data. You can also request a copy of your personal data that we process from us free of charge. However, under certain conditions set out by privacy law, we may charge a fee for that.
You can request that we rectify your personal data that we use, for example, when it is inaccurate. You can also complete your data if it is incomplete.
You can request that we erase your personal data under certain conditions prescribed by law. However, this is not an absolute right and it does not apply in certain conditions, for example, when use of your data is necessary for the establishment, exercise or defence of legal claims by us.
You can request that we stop processing your personal data, with the exception of storage, under certain conditions prescribed by law. However, this is not an absolute right, and it does not apply in certain conditions, for example when use of your data is necessary for the protection of the rights of another natural or legal person.
You can request that some of your personal data is provided to you, or to another controller, in a commonly used and machine-readable format. This right applies where we use your data based on your consent or a contract and if the processing of your data is carried out by automated means.
You have the right to withdraw your consent to the processing of your personal data. You can do this at any time. If you withdraw consent, we will stop using your personal data where the basis for processing is consent. Withdrawal of consent does not affect the lawfulness of processing your data on the basis of consent before withdrawal. The right to withdraw consent applies only to the extent that your personal data is processed on the basis of consent.
You have the right to object to the processing of your personal data on the basis of legitimate interest(s), our or those of a third party. You can do this at any time. If you raise an objection, we will stop using your personal data where the basis for processing is our legitimate interest. In exceptional circumstances, we may continue to use your data despite your objection. This exception does not apply when you object to the processing of data for direct marketing purposes, i.e. if you object to it, we will stop processing your personal data on this basis.
You can lodge a complaint with the supervisory authority dealing with the protection of personal data. You can lodge such complaint with your local data protection authority or with Estonian Data Protection Inspectorate, an Estonian data protection authority based in Tallinn, Estonia.
Cookies are small text files installed on your device that collect information which, as a general rule, facilitates use of the Website and the Services. For example, cookies may remember your language preferences or other settings of your Internet browser. Generally speaking, in most cases information used in connection with cookies is personal data. In such cases, the Privacy Notice applies to such personal data.
We mainly use our own cookies. We also use Third-Party cookies, i.e. cookies from a domain other than the domain of the visited website, primarily for analytical activities. We may also use other technologies similar to cookies, for example HTML5 local storage, Local Shared Objects or tracking pixels. Where we refer to cookies in this Cookie Notice, we also mean such technologies.
The following types of cookies are used in connection with your use of the Website and the Services.
The necessary cookies are the type of cookies that are required by the Website and the Services to function properly. For example, these types of cookies are installed to recall your login sessions and privacy settings. They are set by us. They are mandatory because they are necessary for the provision of the Website and the Services.
The analytical cookies are the type of cookies that enable collecting information such as number of visits and traffic on the Website for statistical purposes. For example, these types of cookies may be installed to analyze how you navigate the Website in order to improve the performance of the Website. They may be set by us or by third-party providers engaged by us. They are optional, so we use them only with your consent.
The duration for which the cookies are used depends on their type and purpose. In general, there are two main types of cookies: session cookies and persistent cookies.
Session cookies expire at the end of a given session. Persistent cookies are stored for a longer period of time on your device. They don’t expire at the end of a given session. The maximum period after which our cookies expire is 12 months.
2.4. Your rights
We use optional cookies only with your consent. You can withdraw the consent at any time. To manage your cookie settings and obtain more information, for example name or duration of specific cookies, you should consult our cookie management platform available here . You can also access the cookie management platform by clicking relevant button on the cookie banner that appears at the bottom of the screen during your first visit to the Website.
You can also manage cookies through your Internet browser, for example by removing all or some cookies from your device or by blocking them. This applies only to cookies used in connection with the Website or the Services which are available online through the Internet browser. Please note that this may cause the Website or the Services to not work properly or at all. To manage cookies through your Internet browser, you should consult instructions provided by the provider of such browser. For example, you can find some of such instructions for relevant Internet browsers on the websites of their developers: Microsoft (Internet Explorer, Edge), Google (Chrome), (Safari), Mozzila(Firefox), Opera(Opera).
Where your personal data is used in connection with cookies, you have the rights described in the Privacy Notice and can exercise them accordingly. Please consult Section 1.9 of the Privacy Notice for more details.
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Mateusz Mach (CTO, Author, Forbes 30 Under 30) is an esteemed figure in the tech arena, recognized for his technological prowess and innovative spirit. As CTO of Soil, Mateusz leads the charge in advancing technology within the crypto lending industry.
A graduate of New York University in Abu Dhabi with a degree in Economics, Mateusz shares his insights on FinTech trends as a regular Forbes contributor and is esteemed as a Forbes 30 Under 30 laureate in Europe.
Prior to his tenure at SOIL, Mateusz founded Nextrope in 2016, a distinguished blockchain house widely regarded as one of the world’s foremost. His entrepreneurial journey and achievements have left an indelible mark on the industry.
Furthermore, Mateusz is a bestselling author in Poland, acclaimed for his book “Crypto Millionaires.” Beyond his professional accolades, he is an avid swimmer.
Chief Tech Officer
Nick Motz (CIO, Forbes 30 under 30) is an experienced investment professional and entrepreneur. Nick has over ten years of investment experience in the credit sector. As CIO of Soil, Nick is in charge of all investment activities and managing the performance of the protocol’s loan pools.
Prior to Soil, Nick was the youngest founder of Mount TFI, a licensed asset management company in Poland focused on Private Debt investments. Mount TFI has become one of the leading private debt funds in Southern Eastern Europe. Prior to Mount TFI, Nick gained experience working at Aabar Investment, Abu Dhabi as well as real estate investment managers Capital Park Group and Patron Capital London.
Nick strongly believes in democratizing access to private credit and believes that blockchain technology, with specific focus on DeFi can lead this revolution.
Nick is a sports fanatic which includes basketball, football, ice-hockey off-piste skiing. He supports all sport teams from Miami Florida.
Chief Investment Officer
Mike Maciuk (CMO) is an experienced professional renowned for his role in developing successful marketing strategies for major European brands during his tenure as CEO of a leading marketing agency. His leadership consistently drove business growth and yielded exceptional results.
Post-agency, Mike co-founded Flexee, a fintech lending company that operates under strict regulatory oversight. Under his strategic guidance, Flexee developed an app empowering employees with convenient access to their earned wages, solidifying its position as an industry leader.
Additionally, Mike is a co-founder of Acustio.com, a prominent firm specializing in optimizing office acoustics for corporations. Leveraging advanced technology and creative solutions, Acustio.com enhances productivity and employee well-being.
With a diverse background spanning marketing, entrepreneurship, and technology, Mike brings a wealth of experience to his endeavors. His talent for identifying opportunities, fostering business growth, and delivering impactful solutions sets him apart as a dynamic and influential industry figure.
Chief Marketing Officer
Jakub Bojan, CEO, is an experienced executive with a proven track record in business development through M&A activities, business integration, and organic growth. Prior to joining Soil full-time, he worked in Mergers and Acquisitions for prominent media and e-commerce companies, as well as leading global advisory firms such as Ernst & Young and PwC. Jakub has also provided transaction services to major banks in the CEE region. During his tenure at major European media and e-commerce companies, he held responsibilities for defining and evaluating development strategies.
Since 2017, Jakub has been actively involved in the crypto industry, with a specific focus on DeFi (Decentralized Finance). He recognizes the potential of cryptocurrencies as alternative sources of capital for transactions and financing the growth of companies.
Jakub has a deep passion for high-altitude mountaineering and has successfully climbed several challenging peaks, including the formidable 8-thousander, Lhotse.
Chief Executive Officer