Wa’ed Selects HES FinTech as Software Vendor

July 27, 2021  By HES FinTech
Wa’ed Selects HES FinTech as Software Vendor


HES FinTech is happy to announce that Wa’ed, the entrepreneurship arm of Saudi Aramco — one of the world’s largest companies by revenue, has signed a contract with us to automate their company’s financial operations.

Project Goals

Wa’ed is created by Aramco to support local entrepreneurship and render assistance to new businesses evolving in Saudi Arabia. In addition to loan financing and venture capital investment, the support includes mentoring and incubation of start-ups. For the 10 years of operation, Wa’ed hit the mark of $ 100 million of investment in Saudi entrepreneurship growth.

A few months ago, Wa’ed selected our company HES FinTech as a software provider for loan granting automation. The key reason for their choice was our extensive experience in building loan origination and loan management platforms for SME lenders.

HES FinTech is delighted by having a chance to work with the largest institutional venture capital investor. Wa’ed social responsibility is to fuel business growth and grant loans requiring no collateral.

Why working with Wa’ed is so exciting?

With a top-notch tech stack at its core, Wa’ed gets acceleration for building an entrepreneurial ecosystem and broaden the portfolio geography quicker and easier.

“We have placed our trust in HES FinTech’s expertise to develop lending software and predictive analytics software for our financial services. Their expertise will support the launch of our updated platform, which will benefit from automation, clear UI & UX, and a fully functional customer portal.”

Mazen Alasnag, Head of Loan Management, Wa’ed

“We are deeply honored and excited to assist Wa’ed in their initiative oriented at the region’s economic growth and support of small and medium enterprises. Our major goal is to create a digital product that will help scale up Wa’ed’s activities and bring tangible value to our world-renowned customer.”

Ivan Kovalenko, CEO, and Co-Founder of HES FinTech

Book a free live demo to learn about the benefits HES FinTech can bring to your financial business.