Last updated: 6 August 2026

These terms are an agreement between you and Drivly Ltd (registration no. HE474043), Eleftheriou Venizelou 48, 8022 Paphos, Cyprus — the company behind Sumly. By creating an account or using Sumly, you agree to them. Please read them; they are short and written to be understood.

What Sumly is

Sumly is an AI-powered bookkeeping and tax-filing preparation service for businesses in Cyprus. It categorises your transactions, matches receipts, and prepares filings such as VAT returns, VIES declarations and IP Box calculations. Sumly is not a licensed audit firm and does not replace one where the law requires an auditor. Filings prepared by Sumly are drafts for you to review and approve before submission.

Your account

To use Sumly you must be at least 18 years old and authorised to act for the business you register. You agree to give us accurate information, keep it up to date, and keep your login credentials secure. You are responsible for activity that happens under your account.

Subscriptions and billing

Sumly is a paid subscription, billed monthly or yearly. Subscriptions renew automatically until cancelled; you can cancel at any time and keep access until the end of the period you paid for. If Sumly is not for you, tell us within 14 days of your first purchase and we will refund it in full. We will give you reasonable notice before any price change takes effect.

Acceptable use

You agree not to:

use Sumly for anything unlawful, including concealing income or evading tax
connect accounts or upload documents you are not authorised to use
attempt to break, probe or overload the service, or access other customers’ data
reverse-engineer the service or resell it without our written agreement

Bank connections

Bank connections are read-only and made through licensed open-banking providers. We never receive your bank credentials and can never initiate payments or move money. You can disconnect a bank account at any time from within Sumly.

Your data and intellectual property

Your data is yours. You own your transaction data, documents and books, and you can export or delete them at any time. You give us the permission we need to process that data to provide the service, as described in our Privacy Policy. Sumly’s software, design and branding remain the property of Drivly Ltd.

Disclaimers

Sumly prepares your books and filings, but it does not provide professional tax, legal or audit advice. You are responsible for reviewing filings before they are submitted and for their accuracy and timeliness. The service is provided “as is”; we work hard to keep it accurate and available, but we cannot guarantee it will be error-free or uninterrupted.

Limitation of liability

To the extent permitted by law, Drivly Ltd is not liable for indirect or consequential losses, and our total liability for claims arising from the service is limited to the fees you paid us in the 12 months before the claim. Nothing in these terms excludes liability that cannot be excluded under applicable law.

Termination

You can close your account at any time. We may suspend or terminate your account if you materially breach these terms and do not fix the breach after we notify you. On termination you can export your data, after which we delete it in line with our Privacy Policy and legal retention obligations.

Governing law

These terms are governed by the laws of the Republic of Cyprus, and any disputes will be resolved by the courts of Cyprus.

Changes to these terms

If we make material changes to these terms, we will update the date at the top and notify you by email or inside the product before they take effect. Continuing to use Sumly after that means you accept the updated terms.

Contact

Questions about these terms? Email contact@sumly.cy or write to Drivly Ltd, Eleftheriou Venizelou 48, 8022 Paphos, Cyprus.

Terms of Service