About JFIN fundraising

“How we keep all of money from fundraising?

Who is the auditor?

how secure we can?”

This is one of questions for investors in JFIN may wonder about fundraising in 2018, completed by JVC company. What we had spent on and how we had auditing in payment

At this point, we would like to inform about the money from the event will keep in JVC company’s account and spent in the way that JFIN has written and committed in the White Paper was…

75% fund has been used for the platform development as

• Blockchain Network Smart contract Development
• Credit Scoring Algorithm Improvement
• Secured Crypto-wallet, Identity management system
• Digital Lending Platform + User Interface

Another 20% for the operation and marketing cost as

• Management and Resource
• Marketing Campaigns
• Operation

Last 5% will be miscellaneous cost as

• Legal fees,regulations
• Technology update
• Others

Many people might be wondering who audit these money as follow in the White Paper. We would like to tell the JFIN project has been fundraising by Jventure, related to the Stock Exchange of Thailand (SET). The Jventure has used an auditor service from EY, the world largest in accounting audit which has a world-class standard. They come to audit all of expenses from our funds under JFIN platform then has more confidence about our funds was spend in the right way, including still audit to find out what we did, to follow the promise in Road map or not?. However, we had succeed for our development purpose such as

- Credits scoring
- E-KYC
- E-CONSENT
- DIGITAL LOAN
- BLOCKCHAIN NETWORK AND SMART CONTRACTS
- E-WALLET

Actually, the system above will be composed of ป๋า.com with friendly user interface. The Crypto-Wallet has finished development to become a JFIN Wallet. If we try to refer from Road Map our next process is E-wallet, The another payment channel to use in ป๋า.com included other system as Car for cash, J-Loan, J-Scoring.

Finally, we want to tell you again that all of JFIN audit systems are really world class and transparency. So, we need our investors rely on us. Also these funds will use in the way as we surely promised.