Wa’ed success story

An online lending platform that offers financial services in Saudi Arabia
Learn how Wa’ed by Aramco successfully launched its consumer lending platform in just four months, thanks to the support and collaboration of HES FinTech.
Founded in
Saudi Arabia
Team Size
Consumer lending
Web site
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 at Wa’ed

End-to-end automated lending process

The client needed a flexible lending solution to take their business online. Following a
requirement analysis, the team of HES FinTech created a full-circle loan platform that fully
automates the microfinance lending process and provides integrations with third-party payment

Business analysis followed
by development

The outcome of the project is a robust loan management platform that allows borrowers to
register and apply for a loan via mobile phone, access their application/loan data, and receive
money on a bank account within 5 minutes. The solution processes borrowers’ loan applications
from the initial step until the full reimbursement.

4 months



Reduced the decision
-making time


Increase in applications

Wa’ed surpassed numerous competitors in the Saudi Arabia market, showcasing remarkable business achievements

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 consumer lending company
in Saudi Arabia, renowned for its competitive interest rates and swift application processing.