Wa’ed success story
HES FinTech created a full-circle loan platform that fully automates the microfinance lending process and provides integrations with payment systems
Discover how Wa'ed has successfully launched in the Saudi Arabian market in 4 months with the help of HES LoanBox.
4 mo.
time-to-market
50%
reduction in decision-making time
2X
increase in applications
Challenge
End-to-end automated lending process
Wa'ed supports companies that aim to address major challenges like housing, climate, food security, and SME financing, helping accelerate innovation through investment and guidance. They needed a loan management platform to streamline operations and enhance scalability.
We have placed our trust in HES FinTech’s expertise to develop lending software and predictive analytics for our financial services. Their expertise will support the launch of our updated platform,
which will benefit from automation, clear UI and UX, and a fully functional customer portal.
Approach
Business analysis followed
by development
HES FinTech initiated the project with an in-depth business analysis to fully understand Wa’ed’s requirements and market challenges. This analysis guided the development process, where the team designed a customized solution tailored to meet Wa’ed’s goals. The focus was on creating an end-to-end automated lending system designed to streamline operations, enhance scalability, and reduce decision-making time. Close collaboration with Wa’ed ensured the platform aligned with their business model and regulatory needs, paving the way for a smooth implementation.
Result
Wa'ed surpassed numerous competitors in the Saudi Arabia market, showcasing remarkable business achievements
HES LoanBox allows borrowers to register and apply for a loan online, access their application/loan data, and receive money into a bank account within 5 minutes. The solution processes borrowers’ loan applications from the initial step until the full reimbursement. HES FinTech's solution enabled the client to expand their operations and provide loans to a
growing customer base. As a result, Wa'ed has emerged as a prominent commercial lending company
in Saudi Arabia, renowned for its competitive interest rates and swift application processing.
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