Legal · Last updated: September 11, 2026

Terms of use

These terms govern the use of the Cifra platform. By creating an account or using the service, you accept these conditions and the legal notice and the privacy policy.

1. Service description

Cifra is an informational tool that summarizes and structures, with the help of artificial intelligence, public financial reports filed with the U.S. SEC (Forms 10-Q and 10-K). In the beta phase, the scope is limited to U.S. consumer staples companies. Cifra is not a financial advisor nor does it offer investment recommendations.

2. User account

• To generate new AI analyses, you must sign up and verify your email address.
• You must provide truthful data and keep your credentials confidential. You are responsible for the activity carried out from your account.
• The owner may suspend or cancel accounts that violate these terms or make abusive use of the service.

3. Usage limits and acceptable use

• AI generation limit: the free plan allows a maximum of 3 new AI analyses per day and user. Viewing already generated analyses does not consume that limit.
• Automating requests, bypassing limits through multiple accounts, reselling the service, or mass-extracting data with bots is not permitted.
• The owner may apply additional technical limits (for example, limits per IP address or anti-abuse protection) to ensure service availability.

4. AI-Generated Content

Reports are automated summaries of public documents and may contain errors, omissions, or inaccurate interpretations. The final figure, the audited data and any investment decision must always be checked against the original SEC document. The user accepts that they use these contents under their own responsibility.

5. Forums and user content

• The user is responsible for the messages they post and for having the necessary rights to share them.
• Unlawful, defamatory, misleading, discriminatory content, spam, unauthorized advertising or personalized investment recommendations are not allowed.
• The owner may remove messages and block accounts that violate these rules, without prejudice to retaining the records necessary to handle legal claims.

6. Intellectual property

The Cifra brand, design, and code belong to their owner. The original SEC data and documents are in the public domain. The generated analyses may be consulted and shared citing Cifra as the source, but they may not be commercially exploited on a massive scale without authorization.

7. Availability and liability

The service is provided "as is," in beta phase, with no guarantee of uninterrupted availability or accuracy. To the extent permitted by law, the owner is not liable for indirect damages, lost profits, or losses arising from investment decisions or use of the platform. Nothing in these terms limits the rights that consumer regulations grant the user.

8. Modifications and Termination

The owner may modify the service or these terms to adapt them to technical or legal changes, informing of relevant changes on the website. The user may stop using the service and request deletion of their account at any time.

9. Governing Law

These terms are governed by Spanish law. For any dispute, the jurisdiction legally applicable to the consumer user shall apply.

Cifra informational document. It does not constitute legal or financial advice.