ICO Financed Polybius To Publish Audited Annual Reports With Baker Tilly Baltics
Polybius is an Estonian ICO-funded Fintech company and it recently announced the publication of financial results for 2017. The company’s ICO raised $32 million last year and was then audited by Baker Tilly Baltics to provide evidence of the company’s strong financial health.
Baker Tilly Baltics is an independent auditor, thereby ensuring that its opinion is legitimate and unbiased. According to Polybius CEO Anton Altement,
“We are proud to be the first Initial Coin Offering funded company to be fully complaint with regulations.”
He further added that there are several reasons that the company decided to undergo the audit.
“Firstly it is required by Estonian law . . . . We also hope to set a precedent for other ICO companies. Transparency and trust should be at the heart of every ICO funded business and we believe that in undertaking the audit we are highlighting how leading ICO funded companies should follow the rigorous standards and procedures set for all enterprises. We are happy to have launched our ICO in Estonia, a forward-looking country with regulators who can strike the right balance between innovation and consumer protection.”
Those who are interested in viewing the audit results can do so online. Sandler Kallasmaa, an audit partner at Tilly Baltics stated,
“working with Polybius was the same as verifying accounts for any other high profile company. They were open and transparent and enabled us to carry out the audit quickly and efficiently.”