Talero — Personal Finance Workspace

Last updated: August 1, 2026

1. Who we are

The Service described in these Terms is provided by:

Pavol Džama, a natural person, of Juh 1052/30, 093 01 Vranov nad Topľou, Slovak Republic ("we", "us", "our", or the "Provider").

Contact e-mail: hello@talero.app

We provide the Service in our own name as an individual. We are not a company, and the Service is not operated through a legal entity. Where these Terms refer to "Talero", they refer to the web application and related services we make available at the Talero domain (the "Service").

2. What these Terms cover

These Terms form a binding agreement between you and us and govern your access to and use of the Service. By creating an account, or by using the Service without an account (including Demo Mode), you agree to these Terms and to our Privacy Policy, which forms part of them.

If you do not agree to these Terms, do not use the Service.

3. Eligibility

You must be at least 16 years old to create an account or otherwise use the Service. We confirm this at registration, and by ticking the age confirmation box you represent that this is true.

The Service is not directed at children, and we do not knowingly create accounts for anyone under 16. If we learn that an account belongs to a person under 16, we will delete it and the data in it.

You must also have the legal capacity to enter into a binding agreement. If you use the Service on behalf of an organisation, you confirm that you are authorised to bind that organisation to these Terms.

4. Closed Beta (nature of the Service)

Talero is currently in a limited, closed Beta phase. This means, in plain terms:

The Service is provided as is and as available. Features may change, break, be added or be withdrawn at short notice.
We do not promise any particular level of uptime, freedom from defects, or continuous availability.
We do not promise that data you enter will be preserved indefinitely. You should keep your own copies of anything you cannot afford to lose. The Service offers export functions for this purpose.
You are knowingly entering a testing environment in which bugs, incorrect calculations, and data-handling errors may occur.

Nothing in this section limits rights you have as a consumer under mandatory law, or our liability where it cannot be limited (see section 13).

5. Beta Tester Program (benefits and conditions)

As one of our first Beta users you may be offered access to a Beta Tester benefit: one free year of the PRO plan, followed by a lifetime 50% discount on subscriptions, applied once paid plans launch.

The benefit is granted subject to the following conditions:

Activity: you use the Service actively for at least 2 months (signing in and genuinely interacting at least twice per month).
Feedback: you provide constructive feedback, bug reports or feature suggestions from time to time. We do not set a quota, and we will not withdraw the benefit because we disagree with your feedback.
Inactivity: if you do not sign in at all within 14 days of registering, we may close your account and release your place to someone on the waitlist. We will notify you by e-mail before doing so and give you a reasonable opportunity to sign in.

The Beta Tester benefit is a discretionary, promotional benefit. It is personal to you, cannot be transferred or sold, and has no cash value. If paid plans are never launched, or the Service is discontinued, the benefit lapses without compensation. We will not withdraw a benefit you have already earned except where you have materially breached these Terms.

6. What the Service is not

Talero is an analytical and record-keeping tool. It is not a source of financial, tax, accounting, investment or legal advice, and it must not be used as one.

We are not an accountant, tax adviser, investment firm, payment institution or financial intermediary, and we are not regulated as any of those.
Outputs of the Service — including balances, summaries, budgets, VAT and tax figures, forecasts, reports and category assignments — are calculations performed on data you supplied, under assumptions you selected. They are not verified against your bank, your accounting records, or any tax authority.
You remain solely responsible for the accuracy and completeness of the data you enter, for reviewing every figure before you rely on it, and for meeting your own tax, accounting and reporting obligations.
Before you file a tax return, make a financial commitment, or take any decision with financial consequences, verify the figures independently and, where appropriate, take professional advice.

7. Artificial intelligence features

The Service integrates a third-party AI model (currently Google Gemini) to extract data from documents and to suggest categories and matching rules. How this works and what data leaves the Service is described in section 3 of the Privacy Policy.

AI output is probabilistic. It can be wrong, incomplete, or confidently mistaken. It is a suggestion, never a determination.
You must review it. You are responsible for checking, correcting and confirming every AI-generated category, rule and extracted value before you save it or rely on it. The Service is designed so that you always see AI results in a review step before anything is written to your records.
PDF extraction requires your consent. Extracting data from PDF statements is only possible with AI processing. You give a separate, explicit consent for this in the application before your first PDF upload, and you can withdraw it at any time in your settings — after which PDF import will no longer be available to you.
Categorisation is optional. AI-assisted categorisation is enabled by default for convenience but can be switched off before any import, and individual suggestions can be dismissed during review.
AI credits. Each Workspace is allocated a limit of AI credits per calendar month (currently 50). Unused credits do not carry over. We may adjust this limit during the Beta phase; where a change materially reduces what you can do, we will give you advance notice.

We do not exclude our liability for the Service as a whole simply because a defect originated in an AI feature; section 13 applies as written.

8. Your account and acceptable use

You are responsible for keeping your credentials confidential and for activity carried out through your account. Tell us promptly at hello@talero.app if you believe your account has been accessed without your authorisation. We strongly recommend enabling two-factor authentication.

You must not:

use the Service in breach of applicable law, or to store or process unlawful content;
attempt to access data belonging to another user or another Workspace, or to circumvent access controls, tenancy isolation, rate limits or capacity controls;
probe, scan or test the security of the Service without our prior written authorisation;
upload malware, or attempt to disrupt, overload or degrade the Service;
scrape, crawl or systematically extract data or structure from the Service, including for the purpose of training a model or building a dataset;
resell, sublicense or provide the Service to third parties as your own service; or
reverse engineer the Service except to the extent that mandatory law expressly permits it.

If you use the Service to record data about other people (for example, invoices naming clients, or transactions naming individuals), you are responsible under data protection law for doing so lawfully. See section 7 of the Privacy Policy.

9. Your content, and feedback

9.1 Your content. You keep all rights in the data you enter into the Service. We do not claim ownership of it. We process it only to provide the Service to you and as described in the Privacy Policy. We do not sell it, and we do not use it to train AI models.

9.2 Licence to operate the Service. You grant us a limited, non-exclusive, royalty-free licence to host, store, copy, transmit, display and process your content strictly to the extent needed to operate the Service for you, to back it up, and to comply with law. This licence ends when you delete the content or your account, subject only to backups that expire on the schedule set out in the Privacy Policy.

9.3 Feedback. If you send us suggestions, ideas or feature requests, you grant us a perpetual, worldwide, royalty-free licence to use them in the Service without obligation to you and without attribution. You are not required to send us feedback, and nothing here transfers rights in anything you have separately developed, or in your pre-existing intellectual property.

10. Workspaces, shared data and roles

The Service allows financial data to be shared through "Workspaces".

Owner. The user who creates a Workspace (the "Owner") controls it, decides who may access it, and determines the purposes and means of processing the personal data in it. In data protection terms, the Owner is the controller of the Workspace content and we act as a processor for that Workspace on the Owner's instructions.
Members. By accepting an invitation as an Editor or Viewer, you understand that records you create in that Workspace form part of the Owner's Workspace and remain there if your access ends. Editors may create and modify records; Viewers may only read them.
Your rights are not waived. Nothing in these Terms removes or restricts any right you have under the GDPR in respect of your own personal data, including the rights of access, rectification, erasure, restriction, portability and objection. Where personal data about you sits in a Workspace controlled by another user, we will pass your request to the Owner, assist them in responding, and act on your request ourselves where the law requires us to.
Removal and access loss. The Owner may remove any member at any time. On removal, or if you leave voluntarily, your access to that Workspace ends immediately. Records you entered remain in the Workspace unless the Owner deletes them.
Leaving voluntarily. Editors and Viewers may leave a shared Workspace at any time from their settings.
Transfer of ownership. An Owner may offer the Workspace to another member. The transfer takes effect only on that member's express acceptance, within a 7-day window. Until then, the original Owner retains full control and responsibility.

11. Account deletion and data cascade

You may delete your account at any time from your settings. Deletion is immediate and irreversible. What happens to Workspace data depends on your role:

As a member of someone else's Workspace: your personal data is deleted. Financial records you created in that Workspace remain, detached from your identity, so that the Owner's records stay intact.
As the sole Owner of a Workspace: deletion cascades. The Workspace and all financial data in it are permanently destroyed.
As the Owner of a shared Workspace: deletion is blocked while other members remain. You must either transfer ownership to another member (deletion stays blocked until they accept) or remove all members first — in which case the Workspace data is destroyed when your account is deleted.

Before deleting, export anything you want to keep. We cannot restore a deleted account, and backups are not a recovery mechanism for individual accounts.

12. Availability, changes to the Service, and suspension

We may modify, add to or discontinue features. For changes that materially reduce functionality you rely on, we will give reasonable advance notice by e-mail or in the application, unless the change is required for security or legal reasons.

We may suspend or terminate your access where you have materially breached these Terms, where required by law, or where necessary to protect the Service or other users from imminent harm. Except where immediate action is necessary, we will tell you why, and give you an opportunity to remedy the breach. If we terminate your account other than for your material breach, you will be given a reasonable opportunity to export your data first.

You may stop using the Service at any time.

13. Liability

13.1 What we do not limit. Nothing in these Terms excludes or limits our liability for: death or personal injury caused by our negligence; fraud or fraudulent misrepresentation; intent or gross negligence; or any other liability that cannot be excluded or limited under the applicable mandatory law, including mandatory consumer protection law and liability under data protection law.

13.2 What we are liable for. Subject to 13.1, we are liable for damage we cause by breaching these Terms, but only for loss that is a reasonably foreseeable consequence of the breach.

13.3 What we are not liable for. Subject to 13.1, we are not liable for:

financial, tax or business decisions you take on the basis of output from the Service (see section 6);
loss arising from data you entered incorrectly or incompletely, or from assumptions you selected;
loss of profit, loss of business, loss of anticipated savings, or loss of goodwill, in each case where it does not arise from our breach in a foreseeable way;
loss of data, to the extent it results from your failure to keep your own copies where it would have been reasonable to do so; or
unavailability or malfunction caused by circumstances outside our reasonable control, including failures of the infrastructure providers listed in the Privacy Policy.

13.4 Cap. Subject to 13.1, our total aggregate liability arising out of or in connection with these Terms in any 12-month period is limited to the greater of (a) the total amount you paid us for the Service in that period, and (b) EUR 100. During the Beta phase the Service is provided free of charge, so in practice the EUR 100 figure applies.

13.5 Consumers. If you are a consumer, this section applies only to the extent permitted by the consumer protection law applicable to you. Where that law gives you more, that law prevails.

14. Changes to these Terms

We may change these Terms — for example, to reflect changes to the Service, to our sub-processors, or to the law.

We will notify you of material changes by e-mail and in the application at least 14 days before they take effect, and we will tell you what has changed.
Changes that are purely clarifying, or that are required immediately by law or for security, may take effect sooner.
If you do not accept a change, you may stop using the Service and delete your account before the change takes effect. Continued use after that date means you accept the new version.
We keep a record of which version of these Terms and of the Privacy Policy you accepted, and when.

15. Governing law, disputes and consumer rights

15.1 Governing law. These Terms, and any dispute arising out of or in connection with them, are governed by the law of the Slovak Republic, excluding its conflict-of-law rules and the UN Convention on Contracts for the International Sale of Goods.

15.2 Consumers keep their home protections. If you are a consumer habitually resident in another EU or EEA state, the choice of Slovak law in 15.1 does not deprive you of the protection of the mandatory provisions of the law of your country of residence (Article 6(2) of Regulation (EC) No 593/2008, "Rome I"). In particular, if you are resident in the Czech Republic, the mandatory consumer provisions of Czech law continue to apply to you alongside these Terms.

15.3 Courts. If you are a consumer, you may bring proceedings against us in the courts of the Slovak Republic or in the courts of the state where you are domiciled, and we may bring proceedings against you only in the courts of the state where you are domiciled (Articles 17–19 of Regulation (EU) No 1215/2012, "Brussels I bis"). If you are not a consumer, the courts of the Slovak Republic have exclusive jurisdiction.

15.4 Complaints and out-of-court dispute resolution. Please contact us first at hello@talero.app; we aim to respond to complaints within 30 days. If we cannot resolve the matter:

You may submit a proposal for alternative dispute resolution to the Slovenská obchodná inšpekcia (Slovak Trade Inspection), Ústredný inšpektorát SOI, odbor pre medzinárodné vzťahy a ARS, Bajkalská 21/A, p. p. 29, 827 99 Bratislava 27, Slovak Republic — https://www.soi.sk — or to any other entity on the list of authorised ADR entities maintained by the Slovak Ministry of Economy.
If you are resident in the Czech Republic, you may instead approach the Česká obchodní inspekce, Štěpánská 796/44, 110 00 Praha 1, Czech Republic — https://adr.coi.cz.
If you are resident in another EU state, the European Consumer Centre network in your country can assist you free of charge.

The European Commission's online dispute resolution (ODR) platform ceased operating on 20 July 2025 and is no longer available.

16. Demo Mode

16.1 What Demo Mode is. Demo Mode is a free, unauthenticated preview of the Service. It gives you a temporary workspace, pre-filled with generated sample records, for a limited period. It is provided for the sole purpose of letting a prospective user evaluate the Service.

16.2 All demo content is fictional. Every record in a demo workspace is generated by us and is entirely fictional. It does not represent real accounts, real transactions, real balances, real tax positions or the affairs of any real person or business. Nothing shown in a demo workspace is financial, accounting or tax advice, and it must not be relied on for any purpose. Figures, rates and categorisations shown in a demo are illustrative and may differ from how the Service behaves on real data.

16.3 Provided as-is. Demo Mode is provided "as is" and "as available", without warranty of any kind, express or implied, including without limitation any warranty of merchantability, fitness for a particular purpose, accuracy, uninterrupted availability, or non-infringement. We do not warrant that a demo will be available at any given time, that it will function without error, or that it accurately represents the Service as licensed. To the fullest extent permitted by applicable law, we exclude all liability arising out of or in connection with your use of Demo Mode.

16.4 No retention, and no guarantee of availability. A demo workspace exists for a strictly limited period, after which it and all of its contents are permanently deleted. We give no guarantee whatsoever regarding the retention, preservation, recoverability or continued availability of anything in a demo workspace. We may shorten, suspend, withdraw, reset or delete any demo workspace, or Demo Mode as a whole, at any time, without notice and without liability. You should not use a demo workspace to store anything you are not prepared to lose, and you should not enter real personal or financial data into one.

16.5 No support obligations. Demo Mode carries no support entitlement of any kind. Service levels, response times, incident handling and support commitments that apply to paid or registered use do not apply to Demo Mode, and we are under no obligation to respond to any request concerning a demo workspace, to investigate a fault in one, or to restore one.

16.6 Prohibited use of the demo endpoint. You must not, and must not attempt to, permit or assist another to:

(a) provision demo workspaces by automated means, including scripts, bots, headless browsers, or any tool that creates demo sessions without a human acting through a browser;
(b) create demo workspaces in bulk, repeatedly, or in a manner designed to circumvent the rate limits, capacity limits, session controls or IP-based controls applied to the demo, including by rotating IP addresses, clearing or forging cookies, or using proxies, VPNs or residential-proxy networks for that purpose;
(c) scrape, crawl, harvest, mine or systematically extract content, data or structure from a demo workspace or from the demo endpoint, whether for training a model, building a dataset, competitive analysis or any other purpose;
(d) generate load against the demo endpoint, including load testing, benchmarking, stress testing, denial-of-service or any other activity that consumes a disproportionate share of demo capacity or degrades the Service for others;
(e) probe, scan or test the vulnerability of the demo endpoint, or breach or circumvent any authentication, authorisation, rate-limiting or capacity control, except under a written authorisation from us; or
(f) use a demo workspace to provide a service to a third party, to resell or redistribute access to it, or to circumvent the limits of a paid plan.

16.7 Enforcement. We may block, throttle, or refuse demo provisioning from any source, and terminate any demo session, at any time and without notice, where we reasonably believe 16.6 has been breached. We may do so preventively. Breach of 16.6 is a material breach of these Terms and may additionally result in the suspension or termination of any registered account associated with it.

16.8 Relationship to the rest of these Terms. All other provisions of these Terms apply to Demo Mode except where this Section expressly provides otherwise. Where this Section conflicts with another provision, this Section prevails in respect of Demo Mode only. Nothing in this Section limits any liability that cannot be limited under applicable law, or affects the rights of a consumer that cannot be waived by agreement.

17. Final provisions

Severability. If any provision of these Terms is found to be invalid or unenforceable, the rest remains in force, and the invalid provision is replaced by a valid one that comes closest to its commercial and legal intent.
No waiver. If we do not enforce a provision on one occasion, that is not a waiver of our right to enforce it later.
Assignment. You may not transfer your rights under these Terms without our consent. We may transfer ours to a legal entity we establish to operate the Service, or as part of a transfer of the Service as a whole, provided your rights are not reduced; we will notify you in advance and you may delete your account if you object.
Entire agreement. These Terms and the Privacy Policy are the entire agreement between us regarding the Service.
Language. These Terms are published in English, Slovak and Czech. In the event of a discrepancy, the Slovak version prevails for consumers resident in the Slovak Republic, the Czech version for consumers resident in the Czech Republic, and the English version otherwise.