Terms of Use

Effective Date: November 18, 2025
Last Updated: November 18, 2025

1. Acceptance of Terms

These Terms of Use constitute a binding agreement between you and Avantis, s.r.o. (“Groshi,” “we,” “us,” or “our”). The following terms and conditions govern your access to and use of the Groshi website at https://groshi.io, the Groshi mobile applications, and all related services, features, and content (collectively, the “Services”).

Please read these Terms of Use carefully before using the Services. By creating an account, accessing, or using the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use and our Privacy Policy available at https://groshi.io/privacy-policy/, which is incorporated into these Terms by reference.

If you do not agree to these Terms of Use or the Privacy Policy, you must not access or use the Services.

2. Eligibility

The Services are available only to individuals who are at least 18 years of age. By using the Services, you represent and warrant that you are at least 18 years old and have the legal capacity to enter into a binding agreement. If you do not meet these requirements, you are prohibited from accessing or using the Services.

3. Changes to Terms

We reserve the right to modify these Terms of Use at any time at our sole discretion. When we make changes, we will update the “Last Updated” date at the top of this document and notify you via email or through an in-app notification.

Changes become effective 30 days after notification. Your continued use of the Services after this period constitutes your acceptance of the modified Terms. We encourage you to review these Terms periodically to stay informed of any updates.

4. Account Registration and Security

4.1 Account Creation

To use the Services, you must create an account by providing accurate and complete information, including your name, email address, and password. You may also register using your Google or Apple account credentials.

You agree that all information you provide during registration and while using the Services is current, accurate, and complete. You are responsible for maintaining and promptly updating this information to keep it accurate and current.

4.2 Account Security

You are responsible for maintaining the confidentiality of your account credentials, including your username and password. You must not share your credentials with any other person or allow others to access the Services using your account.

You agree to:

Use a strong, unique password for your account
Notify us immediately at [email protected] if you become aware of any unauthorized access to or use of your account
Log out from your account at the end of each session, especially when using shared or public computers
Accept responsibility for all activities that occur under your account

We reserve the right to suspend or terminate any account, username, or password at any time if we believe you have violated any provision of these Terms or for security reasons.

5. Subscription and Payment Terms

5.1 Subscription Model

Groshi operates on a paid subscription basis. We offer a 30-day free trial for new users, after which your subscription will automatically convert to a paid subscription unless you cancel before the trial period ends.

5.2 Free Trial

When you register for a free trial:

You will have access to all premium features for 30 days at no charge
You must provide valid payment information to activate the trial
Your subscription will automatically convert to a paid subscription at the end of the trial period unless you cancel
You may cancel at any time during the trial period without charge

5.3 Payment Processing

We use Stripe to process all payments. By subscribing to our Services, you agree to Stripe’s terms and conditions. We accept all payment methods supported by Stripe, including major credit cards, debit cards, and other payment options as available in your region.

5.4 Subscription Fees and Billing

Subscription fees are billed in advance on a recurring basis (monthly or annually, depending on your selected plan)
You authorize us to charge your provided payment method for all applicable fees
All fees are exclusive of applicable taxes, which you are responsible for paying
Prices are subject to change with 30 days’ notice
Your subscription will automatically renew at the end of each billing period unless you cancel

5.5 Right of Withdrawal and Refund Policy

Important Notice Regarding Your Withdrawal Rights:

Under European Union consumer protection law, you have the right to withdraw from this contract within 14 days from the date you create your account, without providing any reason.

However, by explicitly agreeing to these Terms and beginning to use the Services during your free trial or paid subscription period, you expressly acknowledge and agree that:

You are requesting immediate access to the Services
You are expressly waiving your 14-day right of withdrawal
You understand that once you begin using the Services, you will not be entitled to withdraw from the contract or receive a refund

Cancellation During Free Trial:
You may cancel your subscription at any time during the 30-day free trial period without being charged. Cancellation during the trial period will prevent your subscription from converting to a paid subscription.

Cancellation After Trial:
Once your paid subscription begins (after the 30-day trial), all subscription fees are non-refundable. You may cancel your subscription at any time, but you will not receive a refund for any fees already paid, and your subscription will remain active until the end of the current billing period.

5.6 Subscription Cancellation

You may cancel your subscription at any time by:

Accessing your account settings within the Groshi app
Emailing us at [email protected]
Following the cancellation instructions provided in your account dashboard

Upon cancellation:

Your access to premium features will continue until the end of your current billing period
You will not be charged for subsequent billing periods
Your data will be retained in accordance with our Privacy Policy and data retention practices

5.7 Failed Payments

If a payment fails:

We will attempt to process the payment again
We will notify you via email
Your access to the Services may be suspended until payment is successfully processed
If payment fails repeatedly, we may terminate your subscription

6. Bank Account Connection and Financial Data

6.1 Third-Party Service Provider

Groshi uses Plaid Inc., a third-party service provider, to securely connect to your bank accounts and retrieve transaction data. By connecting your bank accounts through Groshi, you agree to Plaid’s terms and privacy policy.

By connecting your bank accounts, you explicitly consent to and authorize:

Groshi and Plaid to access your designated bank account information
The retrieval of your transaction history, account balances, and account details
Groshi’s use of this information to provide budgeting and financial tracking services

6.3 Account Information Services

Groshi operates as an account information service under applicable European payment services regulations, including the Payment Services Directive 2 (PSD2). This means we access your payment account information with your explicit consent to provide you with consolidated financial information and budgeting services.

You have the right to:

Withdraw your consent for us to access your bank account information at any time
Control which accounts are connected to the Services
Revoke access to specific accounts without affecting other connected accounts

6.4 Security and Authentication

We implement strong security measures to protect your financial data, including:

Bank-level encryption for all data transmission
Secure storage of all financial information
No storage of your banking credentials
Regular security audits and monitoring

6.5 Your Responsibilities

You are responsible for:

Ensuring the accuracy of the bank accounts you connect
Monitoring your connected accounts for unauthorized access
Promptly disconnecting accounts if you suspect any security breach
Maintaining the security of your device and Groshi account

7. Use of Services and Acceptable Use

7.1 License Grant

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Services for your personal, non-commercial use.

7.2 Permitted Use

You may use the Services to:

Track your personal finances and transactions
Create and manage budgets
Categorize and analyze your spending
Generate financial reports and insights
Invite other users to collaborate within shared workspaces
Attach receipts and images to transactions for record-keeping

7.3 Prohibited Activities

You agree not to:

Use the Services for any unlawful purpose or in violation of any applicable laws or regulations
Use the Services in any manner that could damage, disable, overburden, or impair our servers or networks
Attempt to gain unauthorized access to any part of the Services, other users’ accounts, or our computer systems
Use any automated system, including robots, spiders, or scrapers, to access the Services
Reverse engineer, decompile, or disassemble any part of the Services
Remove, modify, or obscure any copyright, trademark, or other proprietary rights notices
Use the Services to transmit any viruses, malware, or other malicious code
Engage in any activity that interferes with or disrupts the Services
Impersonate any person or entity or misrepresent your affiliation with any person or entity
Collect or harvest any personal information of other users
Use the Services for any commercial purpose without our prior written consent
Share your account credentials or allow others to access your account
Attempt to bypass any security features or access restrictions
Engage in any fraudulent activity, money laundering, or other criminal conduct
Use the Services to store or share illegal content

8. Workspaces and User Collaboration

8.1 Workspace Features

Groshi allows you to create workspaces and invite other users to collaborate on shared budgets and financial tracking. When you create a workspace, you become the workspace administrator.

8.2 Workspace Administrator Responsibilities

As a workspace administrator, you are responsible for:

Managing user access to the workspace
Ensuring all invited users comply with these Terms
The actions and conduct of all users within your workspace
Maintaining the security and integrity of workspace data

8.3 User Invitations

When you invite users to your workspace:

Invited users must accept these Terms to access the workspace
You grant them permission to view and edit workspace data as configured by you
You may revoke access at any time
You remain responsible for all workspace content and activities

8.4 Shared Content

All content created, uploaded, or shared within a workspace is considered shared content. By sharing content:

You grant other workspace members the right to view, edit, and use the content within the workspace
You represent that you have all necessary rights to share the content
You remain responsible for the content you share

9. User Content and Intellectual Property

9.1 Your Content

You retain ownership of all content you create, upload, or submit to the Services, including transaction notes, receipts, images, budget names, and category customizations (“User Content”).

By submitting User Content, you grant us a worldwide, non-exclusive, royalty-free license to use, store, display, reproduce, and process your User Content solely for the purpose of providing and improving the Services.

9.2 Your Responsibilities for User Content

You represent and warrant that:

You own or have the necessary rights to all User Content you submit
Your User Content does not violate any third-party rights, including intellectual property, privacy, or publicity rights
Your User Content does not contain illegal, offensive, or inappropriate material
Your User Content does not violate these Terms or any applicable laws

9.3 Our Intellectual Property

The Services, including all software, text, images, graphics, user interfaces, visual interfaces, trademarks, logos, sounds, music, artwork, and computer code (collectively, “Groshi Content”) are owned by Avantis, s.r.o. or our licensors and are protected by copyright, trademark, patent, trade secret, and other intellectual property laws.

You may not:

Copy, modify, distribute, sell, or lease any part of the Services or Groshi Content
Create derivative works based on the Services or Groshi Content
Use any trademarks, logos, or branding without our prior written permission

9.4 Limited Exceptions

You may:

Download and print reasonable portions of content for your personal, non-commercial use
Share screenshots or descriptions of the Services for the purpose of promoting or discussing Groshi
Use the Services as permitted by these Terms

10. AI-Powered Features

10.1 AI Transaction Categorization

Groshi uses artificial intelligence and machine learning to automatically categorize your transactions.

10.2 AI Accuracy

While we strive for accuracy, AI-powered categorization and analysis may not always be perfect. You are responsible for:

Reviewing AI-generated categorizations
Correcting any inaccuracies
Making financial decisions based on your own judgment

We do not guarantee the accuracy, completeness, or reliability of AI-generated data and are not liable for any decisions you make based on this information.

10.3 AI Improvement

By using our AI features, you acknowledge that your usage data may be used in an aggregated, anonymized form to improve our AI models and Services.

11. Third-Party Services and Links

11.1 Third-Party Integrations

The Services integrate with third-party services, including Plaid for bank connectivity, Google Cloud Platform for data storage, and Google Analytics for usage analytics. Your use of these third-party services is subject to their respective terms and privacy policies.

11.2 Third-Party Links

The Services may contain links to third-party websites or resources. We do not endorse and are not responsible for:

The availability, accuracy, or content of third-party websites
Any products, services, or content available through third-party sites
The privacy practices of third-party sites

Your interactions with third-party websites are solely between you and the third party, and you access them at your own risk.

12. Privacy and Data Protection

Your privacy is important to us. Our collection, use, and protection of your personal information are governed by our Privacy Policy, available at https://groshi.io/privacy-policy/.

By using the Services, you consent to our collection and use of your information as described in the Privacy Policy.

Key privacy points:

All data is encrypted in transit and at rest
We store data in European Union data centers
We comply with GDPR and other applicable data protection laws
We never sell your personal information to third parties
You have rights to access, rectify, erase, and port your data

13. Data Retention and Account Deletion

13.1 Active Account Data Retention

We retain your data for as long as your account remains active and you continue using the Services.

13.2 Account Deletion

You may request deletion of your account at any time by:

Accessing account settings in the Groshi app
Emailing us at [email protected]

When you delete your account:

Your account is immediately deactivated
Your data is permanently deleted within 12 months
Some data may be retained longer if required by law (e.g., for tax or anti-money laundering purposes)

13.3 Inactive Accounts

If your account remains inactive for an extended period, we will:

Notify you before taking any action
Delete your data within 12 months of account inactivity

14. Service Availability and Modifications

14.1 Service Availability

We strive to provide reliable and uninterrupted Services. However, we do not guarantee that:

The Services will always be available, uninterrupted, or error-free
All features will function perfectly at all times
The Services will meet all your requirements or expectations

We may need to suspend or restrict access to the Services for maintenance, updates, or unforeseen circumstances.

14.2 Service Modifications

We reserve the right to:

Modify, update, or discontinue any features or functionality of the Services
Change the Services at any time without prior notice
Impose limits on certain features or restrict access to parts of the Services

We are not liable for any modifications, suspensions, or discontinuations of the Services.

14.3 Updates

We may release updates, patches, or new versions of the Services. You may need to install updates to continue using the Services effectively.

15. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.

WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO:

WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT
WARRANTIES THAT THE SERVICES WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE
WARRANTIES REGARDING THE ACCURACY, RELIABILITY, OR COMPLETENESS OF ANY CONTENT OR INFORMATION PROVIDED THROUGH THE SERVICES
WARRANTIES THAT DEFECTS WILL BE CORRECTED OR THAT THE SERVICES ARE FREE FROM VIRUSES OR OTHER HARMFUL COMPONENTS

We do not warrant that:

The Services will meet your specific requirements
The AI-powered categorization will always be accurate
Your financial data will always be displayed correctly
The Services will be compatible with all devices or operating systems

You acknowledge that:

Your use of the Services is at your own risk
You are solely responsible for any financial decisions you make based on information provided through the Services
We are not financial advisors and do not provide financial, tax, or legal advice

Nothing in these Terms shall exclude or limit our liability for matters that cannot be excluded or limited under applicable law, including liability for death or personal injury caused by our negligence or fraud.

16. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

IN NO EVENT SHALL AVANTIS, S.R.O., ITS OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, OR SERVICE PROVIDERS BE LIABLE FOR ANY:

INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES
LOSS OF PROFITS, REVENUE, DATA, OR USE
LOSS OF BUSINESS OR ANTICIPATED SAVINGS
FINANCIAL LOSSES RESULTING FROM DECISIONS MADE BASED ON INFORMATION PROVIDED THROUGH THE SERVICES
DAMAGES ARISING FROM YOUR INABILITY TO ACCESS OR USE THE SERVICES
DAMAGES ARISING FROM ANY UNAUTHORIZED ACCESS TO OR USE OF YOUR DATA
DAMAGES ARISING FROM ERRORS, INACCURACIES, OR OMISSIONS IN THE SERVICES

WHETHER BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER LEGAL THEORY, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE EXTENT PERMITTED BY LAW, OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATED TO THE SERVICES SHALL NOT EXCEED THE AMOUNT YOU PAID TO US IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE LIABILITY, OR €100, WHICHEVER IS GREATER.

Nothing in these Terms shall exclude or limit our liability for:

Death or personal injury caused by our negligence
Fraud or fraudulent misrepresentation
Any other liability that cannot be excluded or limited under applicable law

17. Indemnification

You agree to defend, indemnify, and hold harmless Avantis, s.r.o., and its officers, directors, employees, contractors, agents, licensors, and service providers from and against any claims, liabilities, damages, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising from or relating to:

Your use or misuse of the Services
Your violation of these Terms
Your violation of any applicable laws or regulations
Your User Content or any content you submit to the Services
Your violation of any third-party rights, including intellectual property, privacy, or publicity rights
Any fraudulent, illegal, or harmful activity conducted through your account
Any disputes or issues arising from workspaces you administer

This indemnification obligation survives the termination of these Terms and your use of the Services.

18. Termination

18.1 Termination by You

You may terminate your account and stop using the Services at any time by following the cancellation procedures outlined in Section 5.6.

18.2 Termination by Us

We reserve the right to suspend or terminate your account and access to the Services immediately, with or without notice, for any reason, including:

Violation of these Terms or our Privacy Policy
Violation of any applicable laws or regulations
Engagement in fraudulent, illegal, or harmful activities
Failure to pay applicable fees when due
Unauthorized access to or use of the Services or other users’ accounts
Use of the Services in a manner that could harm us, other users, or third parties
Security threats or breaches originating from your account
Providing false or misleading information during registration or use of the Services
Repeated complaints or abusive behavior toward our support team
At our sole discretion, with or without cause

18.3 Effect of Termination

Upon termination of your account:

Your right to access and use the Services will immediately cease
We may delete or deactivate your account and all associated data
You will forfeit any unused subscription time without refund
You remain liable for all fees and charges incurred prior to termination
All provisions of these Terms that by their nature should survive termination shall remain in effect, including ownership provisions, warranty disclaimers, indemnification, and limitations of liability

18.4 Prohibition on Re-registration

If we terminate your account for violation of these Terms, you are prohibited from creating a new account or attempting to access the Services through any other means without our express written permission.

19. Governing Law and Dispute Resolution

19.1 Governing Law

These Terms and any disputes arising from or relating to these Terms or the Services shall be governed by and construed in accordance with the laws of the Slovak Republic, without regard to its conflict of law provisions.

19.2 Jurisdiction and Venue

Any legal action, suit, or proceeding arising out of or relating to these Terms or the Services shall be instituted exclusively in the courts located in Bratislava, Slovak Republic. You consent to the personal jurisdiction of such courts and waive any objection to venue in such courts.

19.3 European Consumer Rights

If you are a consumer residing in the European Union, nothing in these Terms affects your statutory rights as a consumer under applicable EU law, including your right to bring proceedings in the courts of your country of residence.

19.4 Dispute Resolution Process

Before initiating any legal proceedings, we encourage you to contact us at [email protected] to attempt to resolve any disputes informally. We will work in good faith to resolve disputes amicably.

20. General Provisions

20.1 Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and Avantis, s.r.o. regarding the Services and supersede all prior or contemporaneous understandings, agreements, representations, and warranties.

20.2 Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it enforceable, or if that is not possible, it shall be severed from these Terms. The remaining provisions shall continue in full force and effect.

20.3 Waiver

Our failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. Any waiver must be in writing and signed by an authorized representative of Avantis, s.r.o.

20.4 Assignment

You may not assign, transfer, or delegate these Terms or your rights and obligations under these Terms without our prior written consent. We may assign, transfer, or delegate these Terms and our rights and obligations without restriction. Any attempted assignment in violation of this section is void.

20.5 No Third-Party Beneficiaries

These Terms do not and are not intended to confer any rights or remedies upon any person or entity other than you and Avantis, s.r.o.

20.6 Language

These Terms are drafted in English. If these Terms are translated into any other language, the English version shall prevail in case of any conflict or inconsistency.

20.7 Force Majeure

We shall not be liable for any failure or delay in performing our obligations under these Terms due to circumstances beyond our reasonable control, including acts of God, natural disasters, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, pandemics, strikes, or shortages of transportation facilities, fuel, energy, labor, or materials.

20.8 Notices

All notices to you will be sent to the email address associated with your account. You are responsible for keeping your email address current. Notices to us should be sent to:

Avantis, s.r.o.
Pekna cesta 19
83152 Bratislava
Slovak Republic
Email: [email protected]

Notices are deemed received when sent to the provided email address or three (3) business days after being sent by postal mail.

20.9 Export Control

You agree to comply with all applicable export and import control laws and regulations in your use of the Services. You represent that you are not located in a country subject to a European Union or United States government embargo and are not listed on any government list of prohibited or restricted parties.

20.10 Electronic Communications

By using the Services, you consent to receive electronic communications from us, including emails, push notifications, and in-app messages. These electronic communications may include notices about your account, subscription, and changes to the Services or these Terms. You agree that all agreements, notices, disclosures, and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

21. California Residents

If you are a California resident, under California Civil Code Section 1789.3, you may contact the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs in writing at 1625 North Market Blvd., Suite N 112, Sacramento, California 95834, or by telephone at (800) 952-5210 to resolve complaints regarding the Services.

22. Supervisory Authority

If you are located in the European Union and have concerns about our data processing practices or wish to lodge a complaint, you have the right to contact your local data protection authority. You can find a list of EU data protection authorities at: https://edpb.europa.eu/about-edpb/about-edpb/members_en

23. Contact Information

If you have any questions, concerns, or complaints about these Terms or the Services, please contact us:

Avantis, s.r.o.
Pekna cesta 19
83152 Bratislava
Slovak Republic

Email: [email protected]
Website: https://groshi.io

For technical support or service-related inquiries, please email [email protected].

By using Groshi, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.