Debitum reveals results of audit
Latvia-based peer-to-peer lending platform Debitum has revealed the results of a “comprehensive” audit which was carried out last month by Grant Thornton.
The audit found that Debitum was compliant with the Financial Instruments Market Law and the Markets in Financial Instruments Directive (also known as MiFID II). These regulations protect the way in which client money is held and managed.
Grant Thornton carried out interviews with management to discuss platform internal regulatory procedures, daily bookkeeping from accountancy, and active communication with investors by the support team. The auditors also assessed the “competence and reputation of platform loan originators…ensuring their trustworthiness.”
Read more: Debitum launches news channel for investors
“We are delighted to share that the audit results for 2023 were positive,” said Henrijs Jansons, chief executive of Debitum.
“The audit found no significant irregularities, and our financial statements were deemed accurate and compliant.
Read more: Debitum share capital increases
“The outcome validates our commitment to transparency and reinforces our position as a trusted investment platform.”
Following the audit, Debitum rolled out an ‘Autumn Wave’ campaign by adding seven new investment opportunities to the platform, targeting up to 13 per cent per annum.
Read more: Debitum Network sees €89m funded in August
