- Scope of application
- Type of data collected, processed and used
- Purpose of data collection
- Disclosure of information to third parties
- Data processing for marketing and analysis purposes
- Interaction with social networks
- Direct marketing and online advertising
- Data security and security of transmission
- Data retention period
- Right to information, correction, deletion and complaint
- Scope of application
- Contact persons
Advanon is a brand of the CG24 Group and has no legal personality of its own. All legal binding effects occur at and with CreditGate24 (Switzerland) AG (hereinafter also referred to as CG24, we or us). Advanon attaches great importance to the protection of the personal data you provide to us. Your trust is of great importance to us. For these reasons, the following data protection declaration will provide you with information on how we guarantee data protection on the CG24 platform, what types of data are collected and how the data provided are processed and used.
Please note that we will amend the data protection declaration from time to time and that only the most current data protection declaration is valid in each case. The revised version will apply from the published effective date. We therefore recommend that you regularly read through the current version. In the event of significant changes to this data protection declaration, you will be informed in advance within a reasonable period of time.
You can call up the data protection declaration at any time in the footer on all pages via the link "Data protection". Any third-party websites that can be accessed via our portals are not subject to the principles set out here. We accept no responsibility or liability for the observance of data protection by third party websites.
1. Definitions of terms
Personal data (data): are all individual details about personal or factual circumstances of a specific (identified) or determinable (identifiable) person. This means that it is information that can be assigned to you personally and can say something about you. In this data protection declaration, the phrase "data" is also used for this purpose.
Processing: Any handling of personal data carried out with or without the aid of automated procedures, irrespective of the means and procedures used, in particular obtaining, storing, using, disclosing, archiving or destroying your data.
2. Scope of application
By using our website and, if applicable, by creating a personal account, you declare that you agree with the data protection declaration described below and the manner in which the data is collected, processed and used.
3. Type of data collected, processed and used
What data is collected, processed and used about you?
The type and scope of the collection and use of your data differs depending on how you use Advanon's website. A distinction is made as to whether you use the website for purely informative purposes or to make use of services (e.g. registration for the newsletter) and/or the protected access area. The latter is only accessible after prior registration and personal login.
- Using the website without registration
You can use a large part of our website without registering. As a non-registered user, no personal data is collected from you either, with the exception of that data which our web servers automatically collect when you visit the Advanon website. Such computer-related data include the anonymised IP address, the type of browser software used including settings, the date and time of your visit to our website and the duration of your visit. When calling up Internet pages, this data is technically compulsory and is transmitted by your browser. However, this data is generally not personal, which is why it is not possible for us to assign the collected data to a specific natural person.
- Collection of personal data (for registration and/or use of services)
Personal data is data relating to a specific or identifiable person and thus allows conclusions to be drawn about your identity. When visiting and using our website and the general use of our services, we collect, store and process the following personal data, among others:
- User data that you provide to us yourself when filling out forms on our website. This includes information that you provide to us when entering the registration page or when registering for the newsletter (e.g. personal details such as name, date of birth, civil status, address, telephone number, e-mail address, );
- Other information required for the use and provision of our services.
Advanon only collects the data that is required to provide the service you have requested via the website. No other personal data is collected unless you provide it to us with your consent. Advanon observes and complies with the principles of good faith, lawfulness, transparency of purpose limitation, accuracy, integrity and confidentiality and proportionality.
4. Purpose of data collection
For what purpose is your data collected in the first place?
Advanon collects, stores and uses data, both personal and non-personal, for the following purposes:
- to provide and perform our services in an optimal, safe, enjoyable and efficient manner;
- for the efficient administration and continuous improvement of our website;
- to analyse visitor or user behaviour on our website, record trends and compile statistics;
- for a website that is optimally tailored to your needs;
- sending newsletters as well as for (personalised) advertising measures, provided the user has given us the corresponding consent;
- as well as other purposes in connection with the operation of the website.
5. Disclosure of information to third parties
Advanon may pass on the collected data to affiliated group companies, cooperation partners as well as to commissioned third parties in Switzerland and abroad for the above-mentioned purposes. The respective data recipients who have access to the data collected by Advanon are obliged to observe data protection. Third-party service providers receive data only to the extent necessary and are obliged to use the data exclusively for order processing and not for any other purposes. In the case of cross-border data transfer, we ensure through agreements with the data recipients that they commit to appropriate data protection.
Disclosure of your data to supervisory authorities, judicial authorities or other competent persons is also expressly permitted if required by applicable law.
The bilateral contractual data protection provisions with borrowers and investors of Advanon remain reserved.
What are cookies and how are they used on our platform?
Our website uses technologies including cookies to collect certain information and to design the website according to your needs. The purpose of cookies is to facilitate communication and internet use and to help make your visit to our website easier, more enjoyable and more meaningful.
Cookies do not damage your computer's hard drive, nor do they transmit users' personal data to us.
Cookies are small text files that are placed on your local access device (PC, smartphone, tablet or similar) via your browser when you visit the Advanon website and temporarily or permanently store specific information related to the device. This includes, for example, the recording of the browser type, the pages visited or language settings. This enables our web server to recognise the user's access device on the next visit as soon as a connection to your browser has been established. The cookie thus helps to provide and present an individualised website tailored to the user's needs. This enables you to find your way around our website more quickly on a subsequent visit and to use it more efficiently. It is important to note that it is not the person but only the access device that is identified.
We use the following two types of cookies on our website, among others:
- Session cookies: these are temporary cookies that remain in the cookie file of your browser until you leave our website and are automatically deleted after you close the browser. These cookies are necessary for certain applications or functions of the website to run
- Persistent cookies: We may use persistent cookies for a better user experience (e.g. to provide optimal navigation). These are cookies that remain in the cookie file of your browser for a longer period of time. This period depends on the settings of your internet browser. Persistent cookies allow information to be sent to our web server each time you visit the website. Persistent cookies are also known as tracking
We would also like to point out that you can generally control or reject the storage of cookies on your access device yourself via the web browser. Furthermore, you are also able to delete cookies that have already been set. In the menu bar of your browser, you can find out more about this via the help function and make the preferred settings. Please note, however, that deactivating cookies may result in restricted access to our website.
7. Data processing for marketing and analysis purposes
We use various web analysis tools on our website (including Google Analytics, Google AdWords and Google Tag Manager) to record and evaluate the usage behaviour of our visitors by means of tracking data. We work together with third-party companies that help us to collect this data. Technically, these tools also work with cookies. The data generated by the tracking code and the cookie about your visit to our website may be transmitted to third-party service providers for analysis purposes. Cookies used to collect tracking data do not contain any personal data, i.e. the IP address is shortened immediately on your access device and thus anonymised. This ensures anonymised transmission and storage of the data. This data is collected for the purpose of continuously optimising our website and improving advertising measures, as well as providing an even more secure and needs-based service. Detailed information about the data collected by the respective providers can be found on the respective website of the third party provider (please find a more comprehensive description as well as the link immediately below). You can use add-ons to avoid the collection of your data. Advanon does not sell or rent personal or person-related data and information to third parties.
● Use of Google Analytics
● Use of Google Remarketing
● Use of Google AdWords conversion tracking
We use the online advertising programme "Google AdWords" and, as part of Google AdWords, conversion tracking. Google Conversion Tracking is an analysis service provided by Google Inc. (1600 Amphitheatre Parkway, Mountain View, CA 94043, USA; "Google"). When you click on an ad placed by Google, a cookie for conversion tracking is placed on your computer. These cookies lose their validity after 30 days, do not contain any personal data and are therefore not used for personal identification.
If you visit certain web pages on our website and the cookie has not yet expired, Google and we will be able to recognise that you have clicked on the ad and have been redirected to that page. Each Google AdWords customer receives a different cookie. Thus, there is no way that cookies can be tracked across AdWords customers' websites.
The information obtained using the conversion cookie is used to create conversion statistics for AdWords customers who have opted in to conversion tracking. Here, the customers learn the total number of users who clicked on their ad and were redirected to a page tagged with a conversion tracking tag. However, they do not receive any information that can be used to personally identify users.
● Use of Google Tag Manager
We use the Google Tag Manager. Google Tag Manager is a solution that allows marketers to manage website tags through one interface. The Tag Manager tool itself (which implements the tags) is a cookie-less domain and does not collect any personal data. The tool triggers other tags, which in turn may collect data. Google Tag Manager does not access this data. If a deactivation has been made at domain or cookie level, this remains in place for all tracking tags implemented with Google Tag Manager.
8. interaction with social networks
We use social plug-ins (hereinafter plug-ins) from social networks on the Internet. These plug-ins are each recognisable by the logo corresponding to the network on our website. When you call up a website with such a plug-in, a direct connection is established with the servers of the corresponding social network. It is important to note that we use a so-called two-click solution of the plug-in for your protection. This means that the plug-ins on our website are initially inactive. Only when you click on one of the logos will the corresponding plug-in be activated and a connection, as well as a data transmission that you are visiting our website, among other things, will be granted to the third-party provider. If you are also logged in to this network with your user name and password at this time, it is possible that all interactions with the plug-in concerning your profile will be assigned to you. For example, content from our website can be linked to your profile. Other users of the network may learn of such interactions. CG24 is not affiliated with or responsible in any way for the third party operators whose websites are linked via plug-ins. We have no control over, and accept no responsibility or liability for, the use of personal data collected by third parties in this way. If you are not a member of the social network or are not logged in there, it is still possible that your IP address will be transmitted and stored.
Below you will find a list of the social networks whose plug-ins are integrated on our website. The contact details and data protection guidelines with information on the respective operators can be found on the respective websites of the operators:
9. Direct marketing and online advertising
With your registration and/or use of services on our portal, we may also use your personal data for personalised advertising measures. This is also the case if you register for the newsletter on our website. This concerns both the personalisation of advertising by e-mail, such as e-mails with general information or of an advertising nature (newsletter), and the delivery of personalised content and advertising on our portal. For this purpose, we may automatically evaluate information known to us about your usage behaviour on our portals so that we can avoid sending you inappropriate advertising.
By registering on our portal, you can also subscribe to one of our newsletters and your e-mail address can be used accordingly for our own advertising purposes until you unsubscribe from the corresponding newsletter. At the end of each e-mail sent, you will ﬁnd a link that allows you to unsubscribe from the newsletter at any time.
You can also unsubscribe from the newsletter at any time by sending an e-mail to firstname.lastname@example.org.
We are entitled to commission third parties with the technical processing of advertising measures and advertising for ourselves and are entitled to pass on your data for this purpose.
10. Data security and security of transmission
The data collected by Advanon is subject to the highest standards of conﬁdentiality and is treated with the utmost care and discretion. Advanon has implemented adequate technical and organisational measures to protect against unauthorised access, destruction, misuse, disclosure and/or manipulation. All data is stored on servers of Cloudscale and VSHN within Switzerland, whose data centres meet the highest security requirements and are both ISO 27001 certiﬁed. Documents are stored in encrypted form in Cloudscale's object store. We would also like to point out that we also take internal company data protection seriously. All our employees and the service providers we commission are committed to data protection and conﬁdentiality and have been instructed on the legal requirements.
Communication via the website is carried out using secure SSL encryption (Secure Socket Layer). Please note that it is nevertheless possible that data which you transmit to Advanon via the Internet or an e-mail service can be viewed by third parties without permission.
Furthermore, due to the nature of the Internet, it is possible that data may circulate across borders via servers in third countries, i.e. countries that do not oﬀer the same level of data protection as your country of domicile. However, this only happens if it is appropriate for the data processing described in this data protection declaration. You should therefore not pass on very conﬁdential information via the Internet (e.g. e-mail).
Advanon can, however, assure you that your data will be handled in accordance with the applicable data protection regulations and that everything will be done to protect it against unauthorised access by third parties. Nevertheless, we cannot guarantee the conﬁdentiality and complete protection of the communications and therefore cannot accept any liability.
If you are registered as a user with Advanon, access to your account is only possible after entering your personal password. You should always treat payment and access information conﬁdentially and close the browser window when you have ﬁnished communicating with us, especially if you share the computer with others.
11. Data retention period
We will only retain your data for as long as is legally necessary or in accordance with the purpose of the processing. In the case of analyses, we store your data until the analysis is completed. If we store data on the basis of a contractual relationship with you, this data will remain stored at least as long as the contractual relationship exists and at the longest as long as limitation periods for possible claims by us run or legal or contractual retention obligations exist.
12. Right to information, correction, deletion and complaint
You have the right to assert your data protection rights at any time and to request information about whether and which personal data about you is being processed by us. You can also have your personal data corrected, blocked or deleted at any time by sending written notiﬁcation and appropriate proof of your identity to the following address:
Please note that even after your request for the blocking or deletion of your personal data, we may need to retain some of this data within the scope of our legal or contractual retention obligations (for example, for billing purposes) and in this case we will only block your personal data to the extent necessary for this purpose. Furthermore, a deletion of your personal data may have the eﬀect that you no longer be able to obtain or use the services you have registered for. Under certain conditions, you have the right to have us pass on your personal data to you or to a third party designated by you in a common format.
You also have the right to lodge a complaint with the competent supervisory authority regarding data processing. You can do this at the supervisory authority at your place of residence, place of work or the place of the alleged data protection breach.
13. Scope of application
When processing your personal data, Advanon is subject to Swiss data protection law. Further data protection laws are applicable should your data be processed abroad (e.g. by a commissioned service provider).
14. Contact person
If you have any questions regarding data protection on our website, would like to request information or would like to request the deletion of your data, please contact our contact person for data protection law by sending an email to email@example.com.
The contact details of our data protection oﬃcer are as follows:
CreditGate24 (Switzerland) Ltd.
Data Protection Officer
15. Up-to-dateness and changes of the data protection declaration
Due to the further development of our website or the implementation of new technologies, it may become necessary to amend this data protection statement. Any signiﬁcant changes to the data protection statement will be communicated to registered users by e-mail to the e-mail address provided during registration or by means of a corresponding notice in a suitable place after logging into the user account.
The current data protection declaration can also be called up and printed out by you at any time on our website. The original data protection declaration is in German. The translated versions merely serve to make it easier to understand. In the event of any dispute, the German text shall prevail.
Version January 2021
Terms ofs use Advanon Website (Version 1.2 of January 2021)
Advanon is a brand of CreditGate24 (Switzerland) AG (hereinafter "CG24") and is a CG24 Group Brand. Only CG24 exists as a contractual partner and legal entity, and all rights and obligations relate only to CG24. Advanon cannot itself achieve any legally binding effects. On the Advanon website, users (hereinafter also referred to as "borrowers") have the opportunity to place a credit application. Advanon's business model consists of granting loans to users or borrowers, whereby the loan amounts are financed through the direct sale and assignment of the loan claim to other users who provide the money (hereinafter also referred to as "investors"). Users or investors have the possibility to purchase credit claims of other users or borrowers via the Advanon website.
The Advanon Website is aimed exclusively at natural persons or legal entities domiciled or having their registered office in Switzerland or Liechtenstein.
Registration and use
In addition to legal entities, registration is only open to natural persons of full legal capacity who have reached the age of majority. Minors (i.e. persons who have not yet reached the age of 18) as well as natural persons or legal entities with residence or registered office outside Switzerland or Liechtenstein are excluded from using the Advanon website and the products and services offered thereon. Only one account may be held per user; the account is personal and non-transferable.
The user undertakes to provide the information required for registration completely and truthfully. Changes must be made immediately so that the information is complete and correct at all times. Registrations that are not complete will be deleted by Advanon after an appropriate period of time.
In the event of false or fraudulent information, Advanon reserves the right to terminate the user agreement and all further contractual relationships with the user concerned without notice.
Registration does not entitle the user to have his/her credit application posted on the Advanon website. Advanon reserves the right to reject submitted applications without stating a reason and not to display them.
Cost and fees
Registration on the Advanon website is free of charge. Any costs incurred by the user will be charged to Advanon in accordance with the fee regulations. In addition, all third-party charges (e.g. postal charges, costs for ordering securities, etc.) will be invoiced separately to the user.
Data security and use of data
Users naturally provide information to the Service such as the following: First and last name, place of residence and address, username, email address, description of the credit application and, as a borrower, information on financial circumstances, etc. This information is stored on servers. The data is used by Advanon exclusively to fulfil the service. For this purpose, the data is stored in a database. Advanon makes every effort to protect the user's data and to maintain their privacy.
It should be noted that confidentiality cannot be fully guaranteed in the context of the transmission of e-mails. Under certain circumstances, e-mails can be viewed, forged, falsified or deleted by third parties. E-mails may also contain harmful computer programs such as viruses, worms or Trojans.
By using the Advanon website, the user agrees to the processing of the data collected about him/her in the manner and for the purpose described above.
Creditworthiness check (Borrower)
Credit applications placed by users on the Advanon website are thoroughly checked before approval and publication on the Advanon website. Advanon checks in particular the creditworthiness of the user and relies on the information provided by the user and the documents submitted by the user in this context. After positive verification of the creditworthiness, a credit agreement is sent to the user. If the information provided by the user or borrower is untrue or negative information regarding creditworthiness is available, Advanon may withdraw from the credit agreement and any further contractual relationships with the user or borrower at any time. In this case, the user or borrower shall bear the damage resulting from the withdrawal from the contract.
The user or borrower authorises Advanon to obtain all information necessary for the processing of the credit application and the credit agreement from public and private bodies such as, but not limited to, the Consumer Credit Information Office (IKO) and the Central Office for Credit Information (ZEK) and to report the credit and the contractual relationship to the IKO and ZEK. The user or borrower acknowledges that the ZEK and the IKO will inform their affiliated lenders of his obligations under the credit agreement upon request in the event of a new credit application.
Financing commitment of users to credit applications (Investors)
Once a credit application has been approved by Advanon, it can be freely viewed on the Advanon website and is referred to there as a "credit project (CP)". Every user or investor has the possibility to participate financially in a credit project (CP) until the full credit amount is reached within a certain period (hereinafter "investment period"). Participation takes place by entering a financing amount (at least CHF 500 or a multiple thereof) in the field provided for this purpose on the Advanon website. The user or investor confirms his financing commitment by clicking on a button.
The submission of the financing commitment is binding and the user or investor concerned is obliged to make the corresponding amount available upon conclusion of the credit agreement with the user who submitted the credit application by purchasing the credit claim to the extent of his financing commitment.
The amendment or withdrawal of a financing commitment is not possible.
Subsequently, the investor receives by e-message a pdf file with the offer signed by Advanon to conclude an "Agreement on the sale, assignment and administration for consideration of future (partial) claims under a credit agreement" (hereinafter "Agreement"). After receipt of the e-message in his account, the investor declares acceptance of the offer to conclude this agreement by confirming his intention to conclude the agreement by means of an e-message. Upon sending the confirmation, the Agreement - including the purchase of receivables contained therein between the Investor and CG24 - is bindingly concluded.
The agreement or the purchase of receivables between the investor and CG24 is subject to the following conditions precedent:
A sufficiently financed credit project (CP) comes about, i.e. the credit amount requested by the user or borrower is covered by the sum of all financing commitments from investors within the investment period or the user or
borrower agrees to a lower credit amount and an effective credit agreement is concluded between the user or borrower and CG24.
The investor will be informed at the end of the investment period whether a credit project (CP) has been successfully concluded.
Sale of purchased credit project shares before the end of the credit project term among registered investors
The secondary market allows Advanon's registered investors to sell their investments (CPS: Credit Project Share / Kreditanteile) before the end of the investment term and thus receive back their loan amount, which has not yet been fully repaid at that time, ahead of schedule. The secondary market also allows investors to buy a CPS (Credit Project Share) in existing credit projects with a shorter remaining term.
Investors pay a service fee on all repayments, including any loan shares sold on the secondary market.
Investors who wish to sell one or more of their credit project shares (CPS) can enter the order for this in their cockpit. As soon as a buyer for the offered CPS is found and transfers the purchase price, the CPS is transferred and the seller receives his money.
Investors who have entered a CPS for sale will continue to receive all amortisation and interest payments from the borrower until the purchase of the CPS by the buyer has been completed. Payments received from this point onwards will be paid to the buyer once the sale has been successfully completed. The purchase price is adjusted accordingly so that the respective invoiced purchase price correctly reflects the cash flows. In the event of a failed sale, all cash flows shall go to the seller.
All consequences in connection with a default and with the associated effect of the solidarity agreement shall be borne by the seller until payment of the purchase price and the associated settlement of the asset transfer.
No guarantee, advice or recommendation (Investor)
Advanon carries out a thorough check of the creditworthiness of users who place a credit application on the Advanon website. Advanon relies on the information provided by the user and the documents submitted by the user in this context as part of the verification process. The result of the review does not constitute a guarantee of the borrower's solvency or a recommendation to purchase the credit claim in question. Advanon accordingly accepts no liability for any losses incurred by investors as a result of loan defaults. In particular, Advanon does not provide any advisory services. Investors are expressly advised that the purchase of credit claims may be associated with risks which may include the loss of part or all of the amount of the claim.
The User acknowledges and agrees that in certain cases a so-called "cookie" technology is used to provide him/her with tailor-made information. A "cookie" is an information file which, by being stored on the hard disk, enables a computer to be recognised on subsequent visits to the Advanon website. The user acknowledges that his browser can be set to inform him of the receipt of a "cookie".
Google conversion tracking
The user acknowledges and agrees that Advanon uses the so-called conversion tracking technology of Google. When he accesses the Advanon website via Google, a temporary cookie is placed on his computer. This cookie loses its validity after 30 days and is not used for personal identification. If the user visits certain pages of the Advanon website and the cookie has not yet expired, Google and Advanon can recognise that he has clicked on the ad and been redirected to this page. The user acknowledges that he/she can reject this cookie by setting his/her browser to block cookies from the relevant Google service.
The information published on the Advanon website does not constitute a solicitation, offer or recommendation to enter into any credit agreement, to purchase any debt, to engage in any specific transaction or to make or enter into any other legal transaction.
Desclaimer of warranties and liability
Advanon provides the information on the Advanon website on an "as is" basis. It assumes no responsibility for and makes no warranties that the Advanon website will function properly, be error-free or free of viruses.
Any liability on the part of Advanon for direct or indirect damage resulting from access to the elements of the Advanon website or their use, as well as from the impossibility of access or use, is expressly excluded. Advanon also declines all liability for manipulation of the Internet user's computer system (viruses, worms, Trojans, etc.) by third parties.
Users may not make their account available to third parties and are fully liable for all activities carried out usingtheir account. The password and username must be kept secret and may not be made accessible to third parties. In the event of any misuse, liability on the part of Advanon is excluded.
Use of address details
Advanon and its affiliated companies are authorised to use the data provided to Advanon for marketing purposes. In particular, the User agrees that CG24 and its affiliated companies may occasionally send information about the company, its products and services to the User's postal and e-mail address and by SMS. The user acknowledges that he/she may refuse the use of his/her customer data for marketing purposes at any time by writing to CreditGate24 (Schweiz) AG, Alemannenweg 6, 8803 Rüschlikon or by sending an e-message or e-mail to firstname.lastname@example.org.
Advanon refers to hyperlinks to other websites on the Advanon website. Advanon has not checked these hyperlinks and is not responsible for the content of the linked websites. Connecting to other websites is at your own risk.
All elements of the Advanon website are protected by copyright and trademark law. Any commercial use of the elements is only permitted with the prior written consent of Advanon. "CreditGate24" and "Advanon" are registered trademarks.
Jurisdiction and applicable law
For all disputes between users of the Advanon website and CG24 arising from the operation or visit or use of the Advanon website, the exclusive place of jurisdiction shall be the registered office of CG24. CG24 shall also be free to bring an action at the domicile of the user. Swiss substantive law shall be applicable.
Version January 2021