Legal

Terms of Service

Last updated: June 9, 2026 · Effective: June 9, 2026

1. Agreement

These Terms of Service (the "Terms") form a legally binding agreement between you and Settl ("Settl," "we," "us," or "our") governing your access to and use of the Settl mobile application, the website at settl.fyi, the API at api.settl.fyi, and any related services (collectively, the "Services").

By creating an account, downloading the app, or otherwise accessing the Services, you agree to these Terms and our Privacy Policy. If you don't agree, don't use the Services.

2. Eligibility

You must be at least 13 years old (or 16 in the European Economic Area and United Kingdom) to use the Services. If you're using the Services on behalf of an organization, you represent that you have authority to bind that organization to these Terms. You must not be barred from using the Services under applicable law.

3. Your account

• Registration. You sign up using Apple, Google, or email. You're responsible for the accuracy of the information you provide.
• Account security. You're responsible for safeguarding access to your account, including your sign-in credentials. Notify us immediately at hello@settl.fyi if you suspect unauthorized access.
• One person per account. Don't share accounts. Don't impersonate someone else.
• Account closure. You may delete your account at any time from inside the app. We may suspend or terminate your account as described in Section 11.

4. What Settl is — and what it isn't

5. Your content

• Ownership. You retain all rights in the content you create on the Services — expense titles, group names, comments, voice clips, receipts, and so on ("User Content").
• License to us. You grant Settl a worldwide, non-exclusive, royalty-free license to host, store, copy, transmit, display, modify (e.g. transcribe audio, transcode images, generate embeddings), and otherwise process your User Content solely as needed to operate, secure, and improve the Services. This license ends when you delete the content or your account, except for residual copies in backups (deleted on the schedule in our Privacy Policy) and as required by law.
• License to other users. When you add content to a group, the other members of that group can see it. You're responsible for what you share. Don't share things you don't want them to see.
• Responsibility. You represent that you have all rights necessary to upload your User Content and that it doesn't violate any law or third-party right.
• Receipts and photos. Receipts you attach to expenses and your profile photo are stored on Cloudflare R2 and accessible only via short-lived signed URLs. Voice audio is not stored — see the Privacy Policy §4 for details. Settl does not publicly display your User Content.

6. AI features and accuracy

• Settl uses third-party AI providers to transcribe your spoken input into text, parse it into a structured expense, read receipts you photograph, and answer questions you ask. The specific providers may change as we improve the product; they are described by category in our Privacy Policy. These models are probabilistic. They make mistakes.
• AI output is informational, not authoritative. Settl makes no representation or warranty about the accuracy, completeness, reliability, or fitness of AI-generated content.
• Verify before relying. Always review parsed expenses, suggested settlements, balances, recurring rules, and any other AI-derived output before acting on it. Settl is not liable for losses arising from AI errors, hallucinations, mistranscriptions, or misinterpretations.
• Each AI provider's own terms apply in addition to these Terms when that provider processes your content. We do not control those terms beyond the contractual privacy and no-training commitments documented in our Privacy Policy.

7. Acceptable use

You agree not to:

• Use the Services for any unlawful purpose or in violation of any applicable law, regulation, or third-party right.
• Reverse engineer, decompile, or attempt to extract source code from the Services, except where this restriction is prohibited by law.
• Probe, scan, or test the vulnerability of the Services without our prior written permission, or breach any security or authentication measures.
• Send spam, phishing attempts, or malicious content; transmit malware; or interfere with the operation of the Services.
• Use automated means (bots, scrapers, crawlers) to access the Services except as expressly permitted.
• Misuse rate-limited endpoints; exceed posted usage caps; or otherwise consume resources unreasonably.
• Upload content that is unlawful, harassing, defamatory, hateful, infringing, deceptive, fraudulent, sexually exploitative of minors, or that you don't have the right to share.
• Use the Services to launder money, evade taxes, defraud another person, or facilitate any other illegal financial activity.
• Sell, sublicense, rent, or commercially exploit access to the Services without our prior written permission.
• Use the Services in any way that creates a risk of harm or liability to Settl or others.

We may, but have no obligation to, monitor activity on the Services and take action against any conduct we determine to violate these Terms or harm Settl or other users.

8. Disputes between users

Settl is a tool. The substance of your expenses, settlements, IOUs, and reminders reflects relationships and arrangements between you and other people. Settl is not a party to those arrangements. If you have a dispute with another user about money owed, an expense entered, an amount calculated, or a payment made (or not made), you must resolve it directly with the other user. Settl has no obligation to mediate, arbitrate, refund, reverse, or otherwise involve itself in disputes between users, and is not liable for any loss arising from such disputes.

9. Third-party services

The Services depend on and may link to third-party services (e.g. Apple Sign In, Google Sign-In, third-party speech-to-text and AI providers, Cloudflare R2, Resend, Firebase, Vercel, Neon, Upstash). Your use of those services is governed by their terms and policies. Settl is not responsible for third-party services, their availability, their content, or any loss you incur from using them.

10. Intellectual property

• Our property. The Settl name, logo, app, website, source code, and underlying technology are owned by Settl and protected by intellectual property laws. Except for the limited license granted in Section 10, you receive no rights in any of it.
• Limited license to use the app. Subject to your compliance with these Terms, we grant you a personal, non-exclusive, non-transferable, non-sublicensable, revocable license to install and use the Settl app on devices you own or control, solely for your personal, non-commercial use.
• Feedback. If you send us suggestions, feedback, or ideas, you grant us a perpetual, irrevocable, royalty-free, worldwide license to use them without restriction or compensation.

11. Suspension and termination

• By you. You may stop using the Services and delete your account at any time from inside the app.
• By us. We may suspend or terminate your access to the Services, with or without notice, if (a) we reasonably believe you have violated these Terms; (b) we are required to do so by law; (c) providing the Services to you is no longer commercially viable; or (d) for any other reason.
• Effect of termination. On termination, your right to use the Services ends immediately. Sections that by their nature should survive termination (including Sections 5, 6, 8, 10, 12, 13, 14, 15, 16, 17, 18, and 19) survive.

12. Pricing and payments

Settl is currently free. As a thank-you to our earliest supporters, we intend to provide our first 1,000 registered users — specifically, the first 500 users to register on iPhone (iOS) and the first 500 users to register on Android, with each platform counted separately ("Founding Users") — with continued free access to Settl's core expense-splitting features ("Founding User Access"). Founding User Access is subject to fair-usage limits and to your continued compliance with these Terms. We may apply reasonable limits on usage and may treat automated, commercial, abusive, or otherwise excessive use, or use inconsistent with normal personal use, as outside the scope of the offer.

The "free forever" offer and Founding User Access are a promotional benefit, not a contractual entitlement, guarantee, or vested right. We may change, reduce, condition, suspend, or withdraw the offer and Founding User Access, in whole or in part and for any or all users, at any time, with or without notice, and for any reason or no reason. To the fullest extent permitted by applicable law, we will have no liability whatsoever to you or to any third party arising out of or relating to any change to, limitation of, suspension of, or withdrawal of the offer or Founding User Access — including in cases where we have described such access as "free" or "free forever" — and you will not be entitled to any refund, credit, compensation, or damages of any kind as a result. No statement in our marketing, on our website, in app store listings, or in the app creates any obligation or warranty beyond what is expressly stated in this Section, and this Section controls in the event of any conflict.

We may introduce paid features in the future, in which case any payment terms will be presented at the point of purchase and incorporated into these Terms by reference. We reserve the right to add, modify, or remove features at any time. The disclaimers in Section 14 and the limitations of liability in Section 15 apply fully to this Section.

13. Beta and pre-release features

Some features may be marked "beta," "preview," "experimental," or similar. Such features are provided as-is, without warranty, and may be changed, suspended, or discontinued at any time without notice. They may be unstable or contain bugs. Don't rely on them for anything that matters.

14. Disclaimer of warranties

The Services are provided "as is" and "as available," without warranty of any kind, express or implied. To the fullest extent permitted by applicable law, Settl, its affiliates, officers, directors, employees, agents, suppliers, and licensors disclaim all warranties, including without limitation implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, completeness, availability, security, compatibility, and quiet enjoyment, and any warranties arising out of course of dealing or usage of trade.

Without limiting the foregoing, Settl does not warrant that: (a) the Services will be uninterrupted, secure, timely, error-free, or free from viruses or other harmful components; (b) any information obtained through the Services (including AI-generated content, parsed expenses, balances, settlements, and reminders) will be accurate, current, or reliable; (c) defects in the Services will be corrected; or (d) the Services will meet your requirements or expectations. You use the Services at your sole risk.

15. Limitation of liability

To the fullest extent permitted by applicable law, in no event will Settl, its affiliates, officers, directors, employees, agents, suppliers, or licensors be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, business, goodwill, savings, data, use, or other intangible loss, arising out of or in connection with your access to or use of (or inability to access or use) the Services, whether based on warranty, contract, tort (including negligence), strict liability, statute, or any other legal theory, and whether or not Settl has been informed of the possibility of such damage.

In no event will Settl's aggregate liability for all claims arising out of or relating to these Terms or the Services exceed the greater of (a) the total amount you have paid Settl in the twelve (12) months immediately preceding the event giving rise to the claim, or (b) one hundred United States dollars (US$100).

The exclusions and limitations in this Section 15 apply to the maximum extent permitted by applicable law, even if any remedy fails of its essential purpose. Some jurisdictions do not allow the exclusion or limitation of certain damages, so some of the above limitations may not apply to you. In such jurisdictions, our liability is limited to the smallest amount permitted by law.

16. Mandatory arbitration and class action waiver

16.1 Informal resolution first

Before initiating any arbitration, you and Settl will try to resolve the dispute informally. Send a written notice describing the dispute and your proposed resolution to hello@settl.fyi. If we can't resolve the dispute within 60 days of receipt, either party may proceed to arbitration.

16.2 Binding arbitration

Any dispute, claim, or controversy arising out of or relating to these Terms or the Services (a "Dispute") that cannot be resolved informally will be resolved by binding individual arbitration administered by JAMS (or, if JAMS is unavailable, by a comparable arbitration provider mutually agreed to in writing) under its applicable rules. The arbitration will be conducted in English. The seat of arbitration will be Wilmington, Delaware, USA, unless you and Settl agree otherwise. Judgment on the award may be entered in any court of competent jurisdiction.

16.3 Class action waiver

You and Settl agree that disputes will be resolved only on an individual basis and not as a plaintiff or class member in any purported class, representative, or consolidated proceeding. The arbitrator may not consolidate more than one person's claims and may not preside over any form of representative or class proceeding. If this class action waiver is held to be unenforceable, then the entirety of this Section 16 will be null and void, but the remainder of these Terms will remain in effect.

16.4 Jury trial waiver

You and Settl waive any constitutional and statutory right to sue in court and have a trial in front of a judge or jury, except as set forth in Section 16.6.

16.5 Opt-out

You may opt out of this arbitration agreement by sending a written notice to hello@settl.fyi within 30 days of first accepting these Terms. The notice must include your name, the email address associated with your account, and a clear statement that you wish to opt out. Opting out won't affect any other provisions of these Terms.

16.6 Exceptions

Either party may bring an individual action in small-claims court for disputes within the scope of that court's jurisdiction. Either party may also seek injunctive or equitable relief in a court of competent jurisdiction to protect its intellectual property or confidential information.

17. Governing law and venue

These Terms and any Dispute are governed by the laws of the State of Delaware, USA, without regard to its conflict-of-laws rules. The United Nations Convention on Contracts for the International Sale of Goods does not apply. Subject to Section 16, the state and federal courts located in Wilmington, Delaware, USA, have exclusive jurisdiction over any matter not subject to arbitration, and you consent to personal jurisdiction in those courts.

18. Indemnification

To the fullest extent permitted by applicable law, you will indemnify, defend, and hold harmless Settl, its affiliates, and their officers, directors, employees, agents, suppliers, and licensors from and against any and all claims, demands, losses, liabilities, damages, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your User Content; (b) your access to or use of the Services; (c) your violation of these Terms; (d) your violation of any law or third-party right (including intellectual property and privacy rights); or (e) any dispute between you and another user. Settl reserves the right to assume the exclusive defense and control of any matter subject to indemnification, in which case you will cooperate with us in asserting available defenses.

19. Force majeure

Settl is not liable for any failure or delay in performance caused by circumstances beyond its reasonable control, including without limitation acts of God, natural disasters, pandemics, war, terrorism, civil unrest, government action, labor disputes, internet or power outages, third-party service failures, or technical failures of any kind.

20. Apple-specific terms

If you obtain the app from the Apple App Store, the following additional terms apply:

• These Terms are between you and Settl, not Apple. Apple is not responsible for the app or its content.
• Apple has no obligation to provide maintenance or support for the app.
• If the app fails to conform to any applicable warranty, you may notify Apple, and Apple will refund the purchase price (if any). To the maximum extent permitted by law, Apple has no other warranty obligation with respect to the app.
• Apple is not responsible for product claims, including product liability, failure to meet legal requirements, or claims arising under consumer-protection or similar legislation.
• Apple is not responsible for handling intellectual-property claims related to the app.
• Apple and its subsidiaries are third-party beneficiaries of these Terms and may enforce them against you.

21. Government end users

The Services are "commercial items" as defined in 48 C.F.R. § 2.101. If you are a U.S. federal government end user, your use is subject to these Terms and only those rights expressly granted herein.

22. Export controls

You agree to comply with all applicable U.S. and foreign export-control laws and sanctions. You represent that you are not located in, under the control of, or a national or resident of any country subject to U.S. embargo, and that you are not on any U.S. government list of prohibited or restricted parties.

23. Changes to these Terms

We may update these Terms from time to time. When we make material changes, we will notify you (e.g. via email or in-app notice) and update the "Last updated" date. The updated Terms will take effect on the date specified in the notice (or, if no date is specified, 14 days after we post the update). Your continued use of the Services after the effective date constitutes acceptance of the updated Terms. If you don't agree, stop using the Services.

24. Miscellaneous

• Entire agreement. These Terms (together with the Privacy Policy and any other terms incorporated by reference) constitute the entire agreement between you and Settl regarding the Services and supersede any prior agreements.
• Severability. If any provision of these Terms is held to be unenforceable, that provision will be modified to the minimum extent necessary to make it enforceable, and the rest of these Terms will remain in full force.
• No waiver. Our failure to enforce any provision is not a waiver of our right to do so later.
• Assignment. You may not assign or transfer these Terms or any rights hereunder without our prior written consent. We may assign these Terms freely, including in connection with a merger, acquisition, or sale of assets.
• No agency. Nothing in these Terms creates a partnership, joint venture, employment, or agency relationship between you and Settl.
• Notices. We may give you notices by email, in-app message, or by posting on the website. You may give us notices at hello@settl.fyi.
• Headings. Section headings are for reference only and do not affect interpretation.

25. Contact

hello@settl.fyi

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