Success Stories iConnector : TIDLOR
TIDLOR’s Expansion: A Path to Nationwide Success and IPO
TIDLOR expanded from a small lender into a nationwide financial leader by catering to underserved customers with car title loans and insurance services. Through API-based integration with iConnector, TIDLOR modernized its operations, which supported its growth to over 1,260 branches and an IPO on Thailand’s stock exchange in 2021.
TIDLOR
TIDLOR is a leading Thai non-bank financial firm, providing vehicle title loans and insurance brokerage services nationwide. The company focuses on accessible financing for underserved individuals and small business owners, using technology to enhance service reach and efficiency.
Industry
Financial Services
Company Size
Large
Location
Bangkok, Thailand
TIDLOR’s Journey from Beginnings to Financial Powerhouse
TIDLOR started with just a few branches, offering essential financial services like car title loans and insurance brokerage. They targeted underserved individuals with limited access to formal banking, providing easy and fast financial solutions.
Scaling Operations and Business Challenge
To meet growing demand and ensure wider accessibility, TIDLOR faced the challenge of expanding its branch network and integrating new technology to streamline operations. The need to serve more customers better, while maintaining service efficiency, was crucial as the business scaled.
Transforming IBM i applications to new API based technology
TIDLOR utilized iConnector to transform its IBM i applications into API-based systems. This allowed the company to seamlessly integrate its core applications with modern technology, improving service delivery and enabling network expansion.
From Few Branches to Nationwide Success
TIDLOR expanded to 1,260 branches across Thailand, successfully going public on the Stock Exchange of Thailand in 2021. The company’s strategic growth and technological transformation significantly improved customer reach and operational efficiency.