{"id":26723,"date":"2021-07-28T18:46:45","date_gmt":"2021-07-28T15:46:45","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=26723"},"modified":"2026-03-27T22:55:49","modified_gmt":"2026-03-27T19:55:49","slug":"waed-selects-hes-fintech-as-software-vendor","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/waed-selects-hes-fintech-as-software-vendor\/","title":{"rendered":"Wa\u2019ed Selects HES FinTech as Software Vendor"},"content":{"rendered":"\n

DHAHRAN, Saudi Arabia–(BUSINESS WIRE<\/a>\/AETOSWire<\/a>)–\u00a0Wa\u2019ed<\/a><\/u><\/strong>, the entrepreneurship arm of Aramco, has signed a contract with\u00a0HES FinTech<\/strong><\/a>\u00a0lending software provider to automate financial operations at the company.<\/p>\n\n\n\n

About the project<\/strong><\/p>\n\n\n\n

Wa\u2019ed is an entrepreneurial support center, providing end-to-end assistance to boost Saudi-based start-ups, including mentoring, incubation, loan financing, and venture capital investment. In addition to incubation and mentoring, the center invested more than $100 million in the Kingdom\u2019s entrepreneurship ecosystem over the 10 years since its inception.<\/p>\n\n\n\n

Wa\u2019ed is the largest institutional venture capital investor supporting Saudi startups and the only lender requiring no collateral.<\/p>\n\n\n\n

In 2021, Wa\u2019ed started searching for a software vendor to automate loan granting. Recently, the company signed a contract with HES FinTech – a major provider of digital solutions for loan origination and loan management with a decade of experience in SME lending.<\/p>\n\n\n\n

What is special about this collaboration?<\/strong><\/p>\n\n\n\n

With premium technology at its core, Wa\u2019ed is building an entrepreneurial ecosystem at a faster pace and expanding the geography of its portfolio more effectively.<\/p>\n\n\n\n

\u201cWe have placed our trust in HES FinTech\u2019s 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,\u201d – <\/em>said Mazen Alasnag, Head of Loan Management, Wa\u2019ed<\/p>\n\n\n\n

\u201cWe are deeply honored and excited to assist Wa\u2019ed in their initiative oriented at the region\u2019s economic growth and support of small and medium enterprises. Our major goal is to create a digital product that will help scale up Wa\u2019ed\u2019s activities and bring tangible value to our world-renowned customer,\u201d – <\/em>said Ivan Kovalenko, CEO, and Co-Founder of HES FinTech.<\/p>\n\n\n\n

Join a\u00a0free live demo<\/a>\u00a0to discover the opportunities HES FinTech brings for your lending business.<\/p>\n","protected":false},"excerpt":{"rendered":"

DHAHRAN, Saudi Arabia–(BUSINESS WIRE\/AETOSWire)–\u00a0Wa\u2019ed, the entrepreneurship arm of Aramco, has signed a contract with\u00a0HES FinTech\u00a0lending software provider to automate financial operations at the company. About the project Wa\u2019ed is an entrepreneurial support center, providing end-to-end assistance to boost Saudi-based start-ups, including mentoring, incubation, loan financing, and venture capital investment. In addition to incubation and mentoring, […]<\/p>\n","protected":false},"author":17,"featured_media":26724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-26723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nWa\u2019ed HES FinTech - 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