I said it is worrying that the app has got this far and you do not know more about it. Your post sounded like you know little about the technical side of the application. This might not be the case and if is I apologise. I feel if there is a start up with 2 people. Both should have a good idea of what the site is built on and what technology stack you are using. You don't need to be a developer to know this stuff.
I said your app is worthless because of your FAQ. You effectively say you have access to all data I put in and if I have any sensitive data don't bother. I feel my financial data is sensitive so why bother? This is the key question.
It is how you come across in your FAQ which greatly devalues your application.
Updated my comment. Scary thing is you still haven't responded to the fact your FAQ points towards a complete disregard to data protection.
You could have shut me up instantly by saying. "The FAQ is poorly written. There is no formal way to access client data... blah blah"
Instead you have no response. It doesn't seem to bother you that you suggest you can access any clients personal data at the drop of a hat.
Regarding knowing what your site is built on. You don't seem to understand that you aren't a designer. You are a co-founder. At least I thought you were. If not disregard what follows. As a co-founder you should know what is going on in your company. You should know what your website's technology stack is, you should know about your costs, your pricing and your marketing strategy. It is in your interest. This isn't about programming. It is about business ownership and knowing what the hell is going on with your product.
If you approached an investor and you couldn't answer a few questions about the technology used in your site you would be sunk moments after setting your foot in the door.
If none of this bothers you then fine. My boss knows no programming but he knows how many servers the company uses, the OS on the servers. The database system. He knows current storage (%) total vs available. he watches the technologies we use for updates. Yet he know's nothing about programming or design for that matter. He is a sales person.
It is in his interest to know these things because his product is a website and he doesn't want to look like a dick in front of his clients or financial backer.
welcome to HN. i personally think "worthless" might be just a bit rude but the H does stand for hacker, so naturally the audience would be interested in the technology you employ to keep their data safe.
You need to decide if you are a designer or a co-founder, and if you are owning the product or merely contributing to it. Because designers shouldn't be making public comments on product privacy policies.
What else do you call a financial application which hasn't set its cornerstone as data protection.
I saw this app and thought it looked nice, I could see myself using it. I then read a bit more about it in the FAQ and I cannot use it. My financial data may not send the world into an economic downturn but it is something I care about and what to keep safe. If this application cannot do that then I cannot put my financial details into it...
If this was sorted out the app would look very promising. Such an apparent disregard for data protection isn't acceptable for a financial app and in its current state looks like it shouldn't be used.
I do not know how this makes the app worthless. Honestly? Designer doesn't know what goes behind it so app is worthless.
Data is not encrypted because shipping a MVP was the main goal till now. But it's on the list yes.
Follow up does not say sensitive data. Follow up says if you're data is so interesting that everyone is after it pelase don't share.
Edit:
PS: Dude when you edit your original comment. do mention you edited it. In the comment itself.