Independence

Who audits us, who advises us, and how we keep them honest

A finance platform that asks customers to trust its numbers must hold itself to a higher governance bar than its customers. These are the disclosures we publish annually.

Independent parties

Auditors, testers, directors

Conflicts identified

Chinese-walled · disclosed

Related-party deals

FY25 · FY26 YTD

Independent directors

2 / 5

40% of the board

Engaged parties

Organisation / individual	Role	Appointed	Rotation	Fee / revenue	Conflicts
BDO Hong Kong	Financial auditor	2024-06	Partner rotation every 5 years	0.21%	None disclosed · no non-audit services
Schellman & Co.	Security auditor	2025-01	Lead auditor rotation every 4 years	0.14%	None · no consulting engagements
BSI Group	Security auditor	2025-08	Per ISO requirements	0.08%	None disclosed
Bishop Fox	Penetration tester	2025-04	Re-tendered every 24 months	0.06%	None · separate from advisory
Goodwin Procter LLP	Advisor	2024-09	Reviewed annually	0.18%	Also advises 3 portfolio investors — chinese-walled
Maja Lindqvist	Independent director	2025-03	3-year term · max two terms	n/a	Board seat at unrelated SaaS · no overlap
Hiroshi Tanaka	Independent director	2025-11	3-year term · max two terms	n/a	None disclosed

Standing independence principles

No non-audit services from auditors

Financial and security auditors are not engaged for consulting, implementation, or advisory work. Period.

Fees capped at materiality

No single advisor receives more than 1.0% of trailing-12 revenue. Above that, the audit committee must approve.

Mandatory rotation

Lead partners rotate every 4–5 years. Firms are re-tendered at least every 7 years.

Related-party transactions disclosed

Any contract with a director, investor or their affiliates is disclosed in the annual letter and pre-approved by independent directors.

Whistleblower channel

An independent third party operates the channel. Reports go directly to the audit-committee chair, not to management.