Cookie Policy

TBF FINANCE, UAB (hereafter also referred to as “the Company”, “we”, “us” or “our”) is licensed as a payment institution under Authorization Code LB000465 and is regulated by the Bank of Lithuania. The Company is incorporated under the laws of Lithuania with Company Code: 304483528 and has its registered address at Konstitucijos pr. 21A, Vilnius, LT-08130, Lithuania. The Company owns and operates the domain (hereafter the “Website”).

The Company is the owner of the information, content, material and copyright contained on the pages and on the screens displaying on its Website, unless otherwise stated, and as such they are subject to the applicable copyright and intellectual property laws of Lithuania.

As it is common practice with the majority of professional websites, the Company is using cookies on its Website in order to provide the user/visitor with a better experience. This document explains what cookies are, how these are used, what information they gather and why sometimes we need to store these cookies.

This Cookies Policy applies to all of the Company’s website(s) and sub-domains (if applicable), branded pages on third party platforms and applications accessed or used through such websites or third-party platforms which are operated by or on behalf of the Company.

By using the Company’s Website(s), you are consenting to the use of cookies in accordance with this Cookies Policy. If you do not agree with the use of cookies in this way, you should set your browser settings accordingly or not use the Company’s Website(s). Please kindly note that if you disable the cookies we use, this may impact your user experience while on the Company’s Website(s).

1. What are Cookies?

Cookies are small files or pieces of information, which usually include a unique identification num-ber or value, and may be stored on your computer (or other internet enabled devices, such as a smartphone or tablet) when you visit the Company’s website(s) and trading software in order to enable the users to perform certain functions on the website(s).

2. What type of Cookies we use

Cookies are small text files (or piece of data/code) which are placed on your computer (or other internet enabled devices such as smartphone or tablet) to collect information when you visit the Company’s Website. Each cookie contains a unique identification number or value. We might also use other similar technologies such as web beacons, tags, scripts, pixels, local storage etc. for the purposes described herein (for convenience all such technologies shall be referred to as “cookies”).

3. What information do Cookies collect?

Cookies mainly collect information regarding your personal preferences, interests, patterns and behaviors. This information is typically collected, including but not limited to, when you visit & navigate the Company’s Website, when you use the Company’s services & products, when you contact us through the Company’s Website, when you apply to become our customer or partner through the Company’s Website, when you login in via your customer portal etc. Cookies collect this information and share it with us, the website owner. Cookies could either be set directly by us or by a third-party provider on our behalf.

4. How do we use Cookies?

Cookies are commonly used to optimize the functionality of the Company’s Website in order to provide the visitors with a more relevant and effective experience on the website such as: “remember” your login details, browsing visit, website usage and account preferences, presenting the Company’s products and services according to your personal preferences, interests and needs as well as to help speed up your future activities and experience on our Website. Cookies may also be used to compile aggregated statistics reports that allow us to understand how visitors use our Website and to help us improve their structure and content. Please note that these statistics reports are anonymous and we cannot personally identify you.

Cookies are frequently used on many internet websites and you can choose if and how a cookie will be accepted by changing your preferences and options in your browser. Therefore, you can control what data is collected through cookies on our Website. You may modify your browser settings to accept/decline all or some cookie types before it is placed.

Please note that some of our business partners (i.e. affiliates, business associates, advertisers) use cookies on our website(s) and we have no access to, or control over these cookies. The cookies do not contain personally identifying information nor are they used to identify you. You may choose to disable these cookies however should you choose to do so, it may affect the accessibility and functionality of some parts of the Website and as a result you may be unable to access or use them.

5. What type of Cookies we use

There are two types of cookies used on the Company’s Website which are:

(a) Session cookies and

(b) Persistent cookies.

Session cookies are temporary in nature and thus remain on your computer (or other internet-based device) only for the duration of the Website’s usage. Once you leave the Company’s Website or close your browser these cookies are deleted.

A persistent cookie on the other hand, remains on your computer (or other internet-based device) for a longer period of time depending on the “lifetime” duration of the specific cookie and your browser settings (i.e. until it expires) or until you manually delete it.

The following categories of cookies are used on the Company’s Website:

5.1 Strictly Necessary cookies

Session cookies are used to enable the user to move around the Company’s website(s) and use its features. It also used to retain the information the user provides us with as (s)he navigates through each section of our website(s) such as remembering previous actions (e.g. entered text). These cookies do not identify you as an individual. Non-acceptance of these cookies may affect the performance of the website or parts of it.

5.2. Analytical Cookies

These cookies provide us with anonymous/aggregated information regarding how you use the Company’s Website, which webpages you have visited, for how long, which links you clicked on and what you do on both the Company’s Website. They may be set by us or by third party providers to help us understand which pages are the most and least popular and see how visitors move around the website. Analytical cookies do not divulge any identifying information specific to your person but they do help us improve how we provide you with our content.

5.3. Functional Cookies

These cookies allow our Website to remember and save the choices you make (such as your username or your preferred language) to provide a more personalized online experience across our Website. The information these cookies collect may include personally identifiable information that you have disclosed, such as your username or profile picture. If you do not accept these cookies, it may affect the performance and functionality of the Website and may restrict access to content on the Website.

5.4. Performance Cookies

These cookies help us understand how visitors interact with the Company’s Website by providing information about the areas visited, the time spent on the Website and any issues encountered, such as error messages. This helps us improve the performance of our Website(s). It may also count visits and traffic to help us understand which pages are most and least popular. These cookies do not identify you as an individual. All information and data are collected and aggregated anonymously.

5.5. Advertising / Marketing Cookies

These cookies are used to customize the Website content according to what is more relevant to your preferences and your interests. They may be used to deliver targeted advertising or to limit the number of times you see an advertisement. They also help us measure the effectiveness of advertising campaigns on the Company’s Website. We may use these cookies to remember websites you have visited and we may share this information with other parties, including advertisers and our agencies.

Targeting cookies could also be set through to our Website by our advertising partners, business partners and associates and/or present ads to you which are not owned or operated by PAPEL. These cookies may collect some personal identifiable information such as the user’s IP address.

5.6. Third Party Cookies

When you visit the Company’s Website you may receive cookies from third party websites or domains which are not related to the Company. The Company uses cookies provided by trusted third parties such as social media websites (i.e. Google+, Facebook, YouTube etc.), its advertising partners (i.e. affiliates, business introducers etc.) and business partners (i.e. PAX, ECP e-compressing, Mastercard, Visa etc).

Third Party cookies help us to understand how you use the Company’s Website and configure ways in which we can improve your experience as well as how you use social media buttons and/or plugins to connect with your social network. Social media website(s) may set cookies through our Website which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies.

It should be noted that the Company does not control the distribution of these cookies. Accordingly, you should check the third-party websites for more information about their privacy & cookies policy.

6. Cookies used on the Company’s website(s)

Here you can find a list of all the types of cookies currently being used on the Company’s Website. It should be noted that while we do our best to keep these tables updated, the number, type and name of cookies may change from time to time.

Functional Cookies

  • Name: Functional Cookies
  • Provider: Papel API
  • Purpose: This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website.
  • Expiry: Persistent
  • Type: HTML

Analytical Cookies

  • Name: Statistics / Analytics Cookies
  • Provider: Google Analytics
  • Purpose: To tract the number of users on the website, how long they stay on it and what parts of the website they visit, data on how the visitor uses the website.
  • Expiry: 2 years
  • Type: HTML

7. How to disable Cookies or change your preferences

You can change your browser settings to adjust, modify, prevent or block cookies; or to alert you when cookies are being sent to your computer or device (see your browser Help for how to do this). You can also manage your preferences by changing your browser settings on your device to refuse the use of some or all cookies. However, by disabling cookies it may have a negative impact on your browsing experience while on the Company’s Website. Disabling cookies will usually result in also disabling certain functionalities & features of the Website or you may be unable to visit or use certain areas of the Website. Therefore, it is recommended that you do not disable such cookies.

8. More information

If you have any questions regarding this Policy, please contact us at [email protected] In addition, please read our Privacy Policy for more detailed information on how we use your personal data.

9. Policy Update

We may modify, amend or update this Policy from time to time at our discretion. You can find the latest version of this Policy on our Website(s) and such modified or amended Policy shall be effective as of that revision date. We therefore encourage you to periodically review this Policy to be duly informed as to the type of cookies we use, how we use them and their purposes.




This website uses cookies
We, our business partners and other contracted third parties will use cookies to access your website browser (or internet-based device) to collect and store some personal data about you in order to personalize your experience with us by remembering your preferences during your visits, to improve your usage of the website, to analyze our traffic, to provide you with targeted marketing and to achieve other purposes as outlined in the Cookies Policy. Some of these cookies are necessary for the website to operate and therefore you cannot opt-out, while others are optional. You can control the usage of your personal data at all times. Thus you may: (a) consent to the use of all cookies by clicking “Accept All” or (b) manage your preferences and accept some of them, or none of them, by visiting the “Cookie Settings” and making a granular choice. Moreover, you can change your mind at any point in time and withdraw your consent by revisiting this Cookies Bar.