Terms of Service

Last Updated: February 2026

Welcome to Spendmemo. These Terms of Service (“Terms”) govern your access to and use of the services provided by Around The Hoop LLC (“Spendmemo,” “we,” “us,” or “our”), including our website at spendmemo.com and all related services (collectively, the “Service”).

By creating an account or using the Service, you agree to be bound by these Terms. If you do not agree to these Terms, do not use the Service.

1. Eligibility

You must be at least 18 years of age to use the Service. By using the Service, you represent and warrant that you are at least 18 years old and have the legal capacity to enter into these Terms. The Service is available only to residents of the United States.

2. Description of Service

Spendmemo is a daily spending awareness service. We connect to your financial accounts through third-party data providers, retrieve your transaction data, and deliver a daily email summary of your spending activity. We may also send periodic monthly spending recaps and occasional product updates.

Spendmemo is not a financial advisor, bank, lender, or investment service. The Service is intended for informational and personal awareness purposes only. Nothing in the Service constitutes financial, investment, tax, or legal advice. You should not make financial decisions based solely on information provided through the Service.

Spendmemo provides read-only access to your financial data. We cannot move, transfer, or withdraw funds from any of your accounts.

3. Account Registration

To use the Service, you must create an account by providing a valid email address and connecting at least one financial account. You agree to provide accurate, current, and complete information and to update such information as necessary. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account.

4. Financial Data and Third-Party Providers

To provide the Service, we use Plaid Inc. (“Plaid”) to connect to your financial institution(s) and retrieve transaction data on your behalf. By connecting your financial accounts through the Service, you authorize Spendmemo, as your agent, to access and retrieve your transaction data from your financial institutions through Plaid.

By using the Service, you acknowledge and agree to Plaid’s End User Privacy Policy. Spendmemo does not receive, store, or have access to your bank login credentials at any time. Your login credentials are transmitted directly to and handled exclusively by Plaid.

We receive transaction data from Plaid including merchant names, transaction amounts, dates, categories, and account identifiers (last four digits only). We do not receive full account numbers.

5. Use of Artificial Intelligence

Spendmemo uses artificial intelligence services, including Anthropic’s Claude, to analyze your transaction data and generate personalized spending insights included in your daily email summaries. When we use AI services, your transaction data is sent to the AI provider for processing. This data is used solely to generate your spending insights and is not used by the AI provider to train models. We do not send your name, email address, or account credentials to AI providers — only anonymized transaction details necessary to generate insights.

6. Subscription and Payment

The Service requires a paid subscription. By subscribing, you authorize us to charge your payment method on a recurring basis at the applicable subscription rate. Subscription fees are billed in advance and are non-refundable except as required by applicable law.

Payment processing is handled by Stripe Inc. (“Stripe”). Spendmemo does not store your credit card number or payment card details. Your payment information is transmitted directly to and handled by Stripe in accordance with Stripe’s terms and privacy policy.

You may cancel your subscription at any time. Cancellation takes effect at the end of your current billing period. Upon cancellation, your access to the Service will continue through the end of the paid period, after which your account will be deactivated and your data will be deleted in accordance with our Privacy Policy.

7. Acceptable Use

You agree not to:

8. Intellectual Property

The Service, including all content, features, functionality, design, text, graphics, and software, is owned by Spendmemo and is protected by copyright, trademark, and other intellectual property laws. You are granted a limited, non-exclusive, non-transferable license to access and use the Service for your personal, non-commercial use only.

9. Disclaimer of Warranties

THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

SPENDMEMO DOES NOT WARRANT THAT: (A) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; (B) THE DATA OR INFORMATION PROVIDED THROUGH THE SERVICE WILL BE ACCURATE, COMPLETE, OR CURRENT; (C) THE SERVICE WILL MEET YOUR REQUIREMENTS; OR (D) ANY ERRORS IN THE SERVICE WILL BE CORRECTED.

TRANSACTION DATA IS PROVIDED TO US BY THIRD-PARTY FINANCIAL INSTITUTIONS AND DATA PROVIDERS. WE DO NOT GUARANTEE THE ACCURACY, COMPLETENESS, OR TIMELINESS OF SUCH DATA. YOU ACKNOWLEDGE THAT TRANSACTION DATA MAY BE DELAYED, INCOMPLETE, OR INACCURATE, AND YOU AGREE NOT TO RELY ON THE SERVICE AS YOUR SOLE SOURCE OF FINANCIAL INFORMATION.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL SPENDMEMO, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICE, REGARDLESS OF THE THEORY OF LIABILITY AND EVEN IF SPENDMEMO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

IN NO EVENT SHALL SPENDMEMO’S TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE EXCEED THE GREATER OF: (A) THE TOTAL AMOUNT YOU HAVE PAID TO SPENDMEMO IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM; OR (B) ONE HUNDRED DOLLARS ($100.00).

11. Indemnification

You agree to indemnify, defend, and hold harmless Spendmemo and its officers, directors, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Service; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; or (d) your violation of any rights of a third party.

12. Dispute Resolution and Arbitration

PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.

You and Spendmemo agree that any dispute, claim, or controversy arising out of or relating to these Terms or the Service (“Dispute”) will be resolved through binding individual arbitration administered by the American Arbitration Association (“AAA”) under its Consumer Arbitration Rules, rather than in court, except that either party may bring claims in small claims court if the claims qualify.

There is no judge or jury in arbitration, and court review of an arbitration award is limited. However, an arbitrator can award the same damages and relief as a court (including injunctive and declaratory relief or statutory damages) and must follow these Terms as a court would.

Class Action Waiver. YOU AND SPENDMEMO AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. If this specific provision is found to be unenforceable, then the entirety of this arbitration section shall be null and void.

Opt-Out. You may opt out of this arbitration provision by sending written notice to support@spendmemo.com within 30 days of first accepting these Terms. Your notice must include your name, email address, and a clear statement that you wish to opt out of arbitration.

13. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to its conflict of law provisions. Any legal action or proceeding not subject to arbitration shall be brought exclusively in the state or federal courts located in Massachusetts, and you consent to the personal jurisdiction of such courts.

14. Modifications to the Service and Terms

We reserve the right to modify, suspend, or discontinue the Service (or any part thereof) at any time, with or without notice. We will not be liable to you or any third party for any modification, suspension, or discontinuation of the Service.

We may update these Terms from time to time. If we make material changes, we will notify you by email or by posting a notice on the Service prior to the changes taking effect. Your continued use of the Service after such changes constitutes your acceptance of the revised Terms.

15. Termination

We may terminate or suspend your account and access to the Service at our sole discretion, without prior notice, for conduct that we determine violates these Terms or is harmful to other users, us, or third parties, or for any other reason. Upon termination, your right to use the Service will immediately cease.

16. Miscellaneous

These Terms constitute the entire agreement between you and Spendmemo regarding the Service and supersede all prior agreements. If any provision of these Terms is found to be unenforceable, the remaining provisions will remain in full force and effect. Our failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision. You may not assign or transfer these Terms without our prior written consent. We may assign our rights and obligations under these Terms without restriction.

17. Contact Information

If you have any questions about these Terms, please contact us at:

Around The Hoop LLC
Email: support@spendmemo.com

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