I'd still give you the benefit of the doubt so i won't post what my gut tells me, but i would never use a wallet that:
- first claims to have "no bridges" but then suddenly has to admit they use a centralised server
- whilst in the meantime calling electrum a "corporation" having "bridges"
- and at the same time not being able to conclusively tell us if it's an SPV wallet or not
- and having a closed source binary
Since OP showed few warning flag, i decided to recheck information about this wallet. Here are few things that could be added to your list,
1. This application ask for location permission[1], although other non-custodial wallet[2][3] don't ask for such permission.
2. I checked their data safety page[4] and it says "No data collected" and "No data shared with third parties". That sounds good, until i read their privacy policy[5] which i found on google play page.
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
[1] https://play.google.com/store/apps/details?id=com.finance.serpens
[2] https://play.google.com/store/apps/details?id=de.schildbach.wallet
[3] https://play.google.com/store/apps/details?id=org.electrum.electrum
[4] https://play.google.com/store/apps/datasafety?id=com.finance.serpens
[5] https://www.freeprivacypolicy.com/live/a8034163-f0bf-4405-b032-3dd9c2a0760e