Legal
Terms of Use
Last updated: January 2025 · Governed by German law
Nivvuro is not a financial advisor. Nothing on this platform constitutes investment advice, a solicitation, or a recommendation to buy or sell any financial instrument. All data is provided for informational and research purposes only.
1. The Analysis Platform
The Nivvuro analysis platform — including all technical indicators, risk metrics, SEC fundamentals, stock screener, and charting tools — is free to use, permanently.No credit card is required. No features are locked behind a paywall.
This will not change. The free platform is a core part of what Nivvuro is, not a trial or a limited version.
2. Paid Datasets
Structured financial datasets are available for purchase at a one-time price, or alternatively via subscription as described in Section 2a. There are no hidden fees. Upon successful one-time payment you receive an immediate download link via email and on the confirmation page.
Permitted use: Purchased datasets may be used for personal research, academic work, school and university projects, journalistic research, and the development of non-commercial tools and analyses.
Prohibited use: Reselling, redistributing, sublicensing, or incorporating Nivvuro datasets into commercial products or services for sale is not permitted without prior written consent.
2a. Subscriptions
For fundamental and macroeconomic datasets, we additionally offer a subscription option that automatically delivers updated files with every data refresh, instead of a single one-time download.
Billing cycle: Fundamental datasets are billed quarterly, matching the SEC filing cycle. Macroeconomic datasets are billed monthly, matching the FRED/ECB release cycle.
Cancellation: Subscriptions can be cancelled at any time, effective at the end of the current billing period. There is no automatic renewal beyond the cancelled period.
Right of withdrawal: Because a subscription constitutes a continuing obligation (Dauerschuldverhältnis) rather than an immediately delivered one-time digital product, the standard 14-day right of withdrawal under § 355 BGB applies to the first billing period.
Subscription payments are processed via Stripe Subscriptions.
3. No Refunds
Because datasets are delivered digitally and immediately upon purchase, refunds are not available once the download link has been issued. This is consistent with §356 Abs. 5 BGB (German Civil Code) regarding the right of withdrawal for digital content.
A free sample dataset (AAPL, 5 rows, JSON + Excel) is available before any purchase to verify format compatibility. Please use it to confirm the data meets your needs before buying.
Exception: if a purchased dataset contains a verified technical error (missing fields, corrupted file), a corrected version will be delivered at no charge.
4. Intellectual Property
The following are the exclusive property of Nivvuro and its creator:
- The name and brand identity Nivvuro
- The website design, layout, and visual identity
- The source code of the platform and website
- The data normalization logic, schema, and methodology
- All written content, copy, and the Manifesto
The underlying raw data (SEC filings, FRED series, ECB data) is sourced from public domain databases and remains the property of the respective issuing authorities.
5. Disclaimer
Nivvuro provides data as-is, sourced from public authorities (SEC EDGAR, FRED, ECB). While we normalize and verify data, we cannot guarantee completeness or accuracy for all periods and all companies. Discrepancies are always traceable to the original filing.
Financial data displayed on the platform or sold as datasets does not constitute investment advice. Decisions made on the basis of Nivvuro data are the sole responsibility of the user.
6. Governing Law
These terms are governed by the laws of the Federal Republic of Germany. Place of jurisdiction is Germany. If individual provisions of these terms are invalid, the remaining provisions remain unaffected.