As a platform approved and regulated by the Financial Conduct Authority, we review and approve every pitch on the site to ensure that all the information presented to the crowd is fair, clear and not misleading. We conduct thorough due diligence on the company, its legal structure, financials and directors using leading third-party providers such as Creditsafe, Experian and Onfido. We also verify evidence supporting any claims being made by the business such as market size, contracts and partnerships to ensure the information provided is accurate. This process can take between 3-4 weeks, sometimes longer if the company or raise is complicated.
To make this process more open and transparent to our members, our Due Diligence Charter outlines in detail the analysis and verification that is conducted by our legal, compliance and finance teams as part of the approval process. It is also regularly updated when we make improvements to our due diligence processes.
In line with our company values, our guiding principles for this Charter are:
- Integrity; to act with integrity and treat our investors and fundraising companies fairly;
- Diligence; to act with skill, care and diligence; and
- Transparency; to be open and transparent with our customers at all times.
You can find our detailed Due Diligence Charter here.