London, 16 January 2023 – HES Fintech selects Acquired.com as their strategic payments and banking partner while expanding their presence in the UK.
HES Fintech, a leading provider of intelligent lending platforms has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which lenders using HES’ technology will be able to leverage a sophisticated payment solution designed to enable the rapid disbursement of loans and seamless borrower-centric collection methods.
As HES embarks on expanding their market share in the UK, their partnership with Acquired.com promises to accelerate the delivery of market-leading solutions for B2B and B2C lending across several key verticals.
When looking for a payments provider to help deliver on this ambitious goal, it was important to HES that they find a partner who could cater for the varying needs of their diverse client portfolio. Established in 2015, FCA-regulated Acquired.com is an agile payment specialist, offering tailored, custom-built payment processing solutions. They are extremely well-positioned to benefit lenders using HES LoanBox by enhancing the end-to-end lending process with their custom-built solutions, from seamless loan disbursement processes to optimised continuous and one-off collections.
As they looked to build long-term relationships with the UK lenders, HES required a partner with significant experience in the lending space and one that could offer a variety of payment methods for borrowers including Apple Pay, Google Pay and Open Banking.
Additionally, Acquired.com’s Account Updater tool will enable HES’ lenders to avoid needing to contact borrowers whose card details have expired, been lost or stolen. Allowing recurring payments to be taken seamlessly by updating customer payment details automatically without impacting on service, benefitting both the lender and borrower.
Acquired.com is a London-based payments specialist who offer tailored payment processing and digital banking solutions. Acquired.com’s payment solutions are built to overcome the challenges faced when processing, collecting and remitting payments. Their technology streamlines and digitises payments helping to improve efficiency and be a strategic partner for merchants’ business growth.
Acquired.com’s platform provides full payment life cycle management including collections via card and open banking, faster payments and digital banking. They are an FCA regulated business, an EMD Agent and a licensed Payment Initiation Service Provider.
About HES Fintech
Founded in 2012, HES FinTech is an established market leader that provides financial institutions from all over the world with intelligent automation-driven lending management solutions. To reduce the cost and complexity of loan lifecycle management, we deliver a unique lending experience for lenders in both bank and non-banking sectors. Available in up to 4 weeks, HES FinTech’s platforms streamline the lending process in its entirety, replacing repetitive manual tasks with automation to help lenders solve the toughest industry challenges; while the AI credit-scoring solution helps to eliminate the drawbacks of traditional credit scoring and improve non-performing loans up to 5 times.