MoneyMan success story
A consumer lending platform for the fast-growing company in Europe
Learn how MoneyMan launched a microfinance lending business in 7 countries with HES Fintech.
Challenge
360-degree microfinance lending automation
MoneyMan, an innovative online lender, required a fully-fledged flexible solution to automate
the
entire microfinance lending process and operating procedures. The system had to be capable of
running high-performance scoring models in real-time 24/7.
the
entire microfinance lending process and operating procedures. The system had to be capable of
running high-performance scoring models in real-time 24/7.
Approach
A winning combo of top-notch features and enhanced security
After a thorough business and requirement analysis, HES created an
end-to-end loan management platform with an open upgrade safe architecture and gamification
features.
end-to-end loan management platform with an open upgrade safe architecture and gamification
features.
3 months
Time-to-market
400K
Loans issued via the platform
20-30%
Year-over-year business growth
Result
Technically equipped lending business operating worldwide
Today, the HES microfinance solution enables MoneyMan to scale up and offer loans to an
ever-increasing customer database. The service is now also available in Spain, Georgia,
Kazakhstan, Poland, and Mexico and has issued over 400K loans valued at over $ 80 mn.
ever-increasing customer database. The service is now also available in Spain, Georgia,
Kazakhstan, Poland, and Mexico and has issued over 400K loans valued at over $ 80 mn.
HES and MoneyMan have a long story of strong collaboration since 2011 when Boris Batin and Alexandr
Dunaev
shared the idea of bringing the first online PDL to Russia. In 4 months, the HES team has
implemented a
solution that has no precedent for such a business in the country. HES developed the core logic,
workflows and
business processes. Since the first launch in 2012, MoneyMan has grown into an international holding
IDFinance with several brands and lines of business in 7 countries (and counting).
Dunaev
shared the idea of bringing the first online PDL to Russia. In 4 months, the HES team has
implemented a
solution that has no precedent for such a business in the country. HES developed the core logic,
workflows and
business processes. Since the first launch in 2012, MoneyMan has grown into an international holding
IDFinance with several brands and lines of business in 7 countries (and counting).
our success to the well-architectured solution created by HES.