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 Regulation and the Markets in Monetary Devices Directive (also called MiFID II). These rules shield the way in which by which shopper cash is held and managed.

Grant Thornton carried out interviews with administration to debate platform inside regulatory procedures, day by day bookkeeping from accountancy, and lively communication with traders by the assist workforce. The auditors additionally assessed the “competence and fame of platform mortgage originators…guaranteeing their trustworthiness.”

Learn extra: Debitum launches information channel for traders

“We’re delighted to share that the audit outcomes for 2023 had been optimistic,” mentioned Henrijs Jansons, chief government of Debitum.

“The audit discovered no vital irregularities, and our monetary statements had been deemed correct and compliant.

Learn extra: Debitum share capital will increase

“The 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, focusing on as much as 13 per cent every year.

Learn extra: Debitum Community sees €89m funded in August