Latvia-based peer-to-peer lending platform Debitum has revealed the outcomes of a “complete” audit which was carried out final month by Grant Thornton.
The audit discovered that Debitum was compliant with the Monetary Devices Market Legislation and the Markets in Monetary Devices Directive (also called MiFID II). These rules shield the way in which wherein consumer cash is held and managed.
Grant Thornton carried out interviews with administration to debate platform inner regulatory procedures, each day bookkeeping from accountancy, and energetic communication with buyers by the assist staff. The auditors additionally assessed the “competence and popularity of platform mortgage originators…making certain their trustworthiness.”
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“We’re delighted to share that the audit outcomes for 2023 have been optimistic,” mentioned Henrijs Jansons, chief govt of Debitum.
“The audit discovered no vital irregularities, and our monetary statements have been deemed correct and compliant.
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“The end result validates our dedication to transparency and reinforces our place as a trusted funding platform.”
Following the audit, Debitum rolled out an ‘Autumn Wave’ marketing campaign by including seven new funding alternatives to the platform, concentrating on as much as 13 per cent every year.
Learn extra: Debitum Community sees €89m funded in August