“Reshop Navi”, a home remodeling matching site (with the No.1 estimate request) operated by ZIGExN, Launched the funding service “Immediate Receipt of Construction Fee” for remodeling companies
Improving the cashflow of remodeling companies while enhancing user convenience with “zero deposit”
We are pleased to announce that “Reshop Navi” (https://rehome-navi.com/) a home remodeling company matching site that has the highest number(*1) of estimate requests operated by ZIGExN Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Directors, Operating Officer, and CEO: Joe Hirao, Tokyo Stock Exchange Prime: 3679, hereinafter referred to as ZIGExN), has launched the “Immediate Receipt of Construction Fee” service (https://www.lp.rehome-navi.com/factoring), allowing registered remodeling companies to receive the entire construction fee before starting construction, starting from May 8th.
As a result, registered companies can improve their cash flow by receiving construction fees faster than the users’ payments, and users no longer need to pay a deposit, making it even more reassuring to use “Reshop Navi”.
(*1: According to the Remodeling Industry Newspaper, “Comparison of Comprehensive Remodeling Matching Sites [Monthly Average Number of Remodeling Estimate Requests from January to December 2020]”)
“Reshop Navi” is Japan’s largest home remodeling company matching service, committed to providing “Satisfaction in your remodeling experience”. With over 4,000 carefully selected remodeling companies nationwide, users can easily search for companies that meet their specific needs online, enabling them to receive multiple estimates and make comparisons. It has the largest monthly active users averaging 1.2 million users per month, providing a secure way to find the perfect remodeling company. In October 2023, Reshop Navi celebrated its 10th anniversary since its inception.
■Service overview
The “immediate Receipt of Construction Fee” is a funding service that allows remodeling companies registered in “Reshop Navi” to receive the full construction fee before the start of construction. Typically, payments take more than a month from the start of construction, but this service minimizes it to the shortest possible time, even on the same day, supporting the cash flow improvement of the registered companies. The application process is completed online through “Reshop Navi” (application is optional), and there is no need to issue invoices. The service has achieved an industry-leading low commission of 5%.
・For application: https://form.run/@rehome-navi
For “Reshop Navi” users, when utilizing the “Immediate Receipt of Construction Fee” service with their chosen remodeling company, there is no need to pay any deposit. Instead, the full payment is charged after the completion of the construction, enabling a more reassuring remodeling experience.
■The background of the service launch
Lately, the number of bankruptcies in the construction and remodeling industry has been increasing due to factors such as rising prices and labor shortages. According to surveys, there were 82 bankruptcies from January to October 2023, marking the highest pace since statistics began in 2002(*2). For many remodeling companies facing financial difficulties, improving cash flow is an urgent issue.
(*2:According to Tokyo Shoko Research, Ltd.’s ‘TSR Data Insight’ (December 4, 2023).)
However, fraud by unscrupulous remodeling companies has always been present, and the common practice of paying deposits for construction fees has become one of the concerns for users in the remodeling industry. Therefore, to support remodeling companies in their funding while ensuring peace of mind for users during remodeling, a business alliance with Mynavibridge Corporation was formed, leading to the launch of this service.
“Reshop Navi” will continue to grow into Japan’s largest platform, allowing users to remodel with even greater peace of mind and satisfaction while enabling registered companies to attract customers more efficiently.
■About Reshop Navi
“Reshop Navi” is Japan’s largest home remodeling company matching service, committed to providing “Satisfaction in your remodeling experience”. In October 2023, it celebrated its 10th anniversary since its inception. With over 4,000 carefully selected remodeling companies nationwide, users can easily search for companies that meet their specific needs online, enabling them to receive multiple estimates and make comparisons. To address one of the biggest challenges in the remodeling industry, which is the mismatch between users and renovation companies, Reshop Navi has a dedicated team of professionals who conduct phone interviews and provide guidance to users, ensuring high-quality matches. With an industry-leading monthly average of 1.2 million users, it is a service that allows users to meet the perfect remodeling company securely.
