Refinn reaffirms its leadership in Thailand's fintech industry, revealing a remarkable 800% growth in its 2017 performance with over 700,000 website visitors. The company showcased its refinance requests over 16 months, amounting to over 3.2 billion baht, and aims to reach 10 billion baht in 2018, representing a threefold growth from the previous year. Refinn continues to penetrate the housing loan market by offering a diverse range of loan products to meet customer needs, including new offerings such as debt relief loans and multipurpose home equity loans for homeowners with fully paid properties, allowing them to mortgage with banks for loans with repayment terms of up to 30 years.

          Mr. Korn Chatikavanij, Chairman of Refinn International Dot Com Co., Ltd., disclosed the company's performance over the past 16 months, highlighting that refinance requests for home loans through the website www.refinn.com have been approved for a total amount exceeding 3.2 billion baht. We have helped customers save over 300 million baht in monthly payments, thanks to our partner banks that have collaborated to enhance our operational efficiency in serving borrowers. The increasing interest in refinancing home loans is attributed to borrowers becoming more aware of interest rate reductions and other benefits, driven by the digital era's shift towards financial technology (fintech).

          Ms. Pornpimol Pathomsak, CEO of Refinn International Dot Com Co., Ltd., stated that the company's performance has received an overwhelmingly positive response, with over 700,000 customers utilizing the loan services at www.refinn.com, reflecting a growth rate exceeding 800%. It is gratifying that the company can leverage technology to help alleviate the debt burden for Thai citizens, facilitating refinance approvals amounting to over 3.2 billion baht and saving customers over 383 million baht in interest payments. For 2018, the company has set a target of 10 billion baht, aiming for a threefold increase compared to the previous year.

          For this year's operational plan, the company aims to maintain its leadership in Thailand's fintech startup sector by curating a diverse range of loan products to meet customer demands. Recently, 10 partner organizations have developed systems to connect with Refinn, including government agencies and both Thai and foreign commercial banks. The company is also focused on raising awareness of the benefits of refinancing, which serves as a crucial tool for reducing the debt burden from home payments. Refinancing can effectively lower expenses and interest rates. Additionally, the company is committed to enhancing the website's usability and improving communication between users and banks in real-time, while incorporating artificial intelligence to filter offers from various banks that align with borrowers' needs, ultimately aiming to reduce interest expenses and streamline the refinancing process.

          "One of the key focuses of our plan this year, aside from website development, is to raise awareness of the benefits of refinancing, which acts as a vital assistant in alleviating the debt burden from home payments. Currently, many Thai customers purchasing homes are unaware of or do not even know the term refinancing, despite it being a pathway for borrowers to save millions and time, ultimately improving their quality of life by reallocating saved funds for other expenses," Ms. Pornpimol stated.

          Nevertheless, the company continues to innovate new ideas to enhance the quality of life for borrowers. One of the latest services, comparable to its home refinancing offerings, is the debt relief loan and multipurpose home equity loan for homeowners with fully paid properties, allowing them to mortgage with banks for various expenses such as home renovations, general expenses, or credit card debt repayment, with repayment terms of up to 30 years. More details can be found on the website www.refinn.com.

Thank you for the information from www.refinn.com.