Blog

KPMG Germany has conducted a legal assessment of Devon’s loan structure and contractual framework under the applicable German regulatory requirements, with particular focus on whether Devon could be classified as conducting deposit-taking business. Below is a summary of KPMG’s general findings and regulatory conclusions.

July was focused on strengthening Devon's legal, operational, and long-term strategic foundation. During the month, we shared the roadmap for the platform's next phase, including the upcoming legal opinion from KPMG Germany, preparations for AIFM and ECSP licensing, and the planned migration to the next-generation platform. Alongside these strategic initiatives, our development pipeline continued to progress, with several projects advancing through planning, construction, sales, and financing stages.

The past weeks in the European P2P industry have been intense for everyone. As the owner of MJL Group, I want to personally address our community and provide full clarity on where MJL Group is heading, how we are reinforcing Devon’s long‑term stability, and why our strategic direction remains strong, disciplined, and fully aligned with investor protection (not only German investors). Our commitment is simple: Devon will continue operating with resilience, transparency, and regulatory strength - backed by the robust MJL Enterprises business that stands behind it.

June was another month of progress for Devon, marked by important platform improvements, successful project milestones, and continued growth of our lending community. Throughout the month, we remained focused on strengthening transparency, expanding our project portfolio, and delivering on our commitments to lenders. Here's a look at what happened during June.