It took us 10 weeks to go live and start originating hundreds of quality loans per day.
Vladimir Khorvyak,
CEO at EuroGroshi
Challenge
Meet the European lending standards
Euro Groshi needed to implement and comply with European money lending standards. The company was planning to operate online without any physical branches and was looking for a field-proven technology solution for payday loan management .
Approach
Robust functionality combined with well-thought-out UI/UX
HES not only fulfilled all functional requirements expected behind the scenes, but also created a user-friendly UI experience for Euro Groshi’s clients. Now, HES LoanBox handles multiple loan workflows in a single automated environment.
2.5 months
Time-to-market
30-40%
More customers in the first three months
75%
of customers apply online
Result
Online customer acquisition and loan decisions in minutes
HES LoanBox gives Euro Groshi a competitive edge by allowing it to make quick underwriting responses and design customized loyalty programs. The credit application process for new customers takes no more than 15 minutes. Repeat customers receive loan decisions within 5 to 10 minutes.
Application
Onboarding
Contracts
With no physical branches or servicing locations, Euro Groshi focuses on perfecting the online lending experience while maintaining a personal touch.
day.