The customer chose to protect their confidential information
Andersen's customer is a MENA region-based fintech market player, focused on financing SMEs.
To address the challenges KSA-based SMEs face in securing financing for government contracts, the customer requested a new approach. Traditional banks often reject these contracts as too complex or risky, limiting SMEs’ ability to obtain resources and meet deadlines. To solve this, the customer needed an innovative system to connect businesses with investors, allowing SMEs to leverage government contracts as proof of reliability. The service also required structured models for supplier collaboration, contract execution, and streamlined resource allocation. All that was to be made available within a new SME financing platform.
The customer encountered the following challenges:
Andersen was entrusted by the customer with building an SME financing platform, tailored to their crowd-financing model. Based on the Murabaha principles, this approach enables SMEs to access capital efficiently while offering investors an opportunity to participate in low-risk, high-return financial operations. For that, a technological basis was needed. Andersen's team was asked to develop a scalable, secure, and regulatory-compliant platform for seamless interactions between SMEs, investors, and suppliers. The platform needed to ensure that businesses could receive funding promptly, execute contracts on time, and foster economic growth in the region.
Thanks to our strong track record in web development, including web development for SMEs, we created a microservices-based financing platform that integrates Mambu's core banking and leverages cloud-based CI/CD for automation. It streamlines investment requests, investor matching, revenue-based financing, and supplier collaboration. Real-time monitoring, automated KYC/AML checks, RBAC, and data encryption ensure security and compliance, while fraud detection prevents suspicious activities. The platform integrates with government KYC/AML systems and third-party tools like payment gateways and credit scoring services. By resolving issues around SAMA regulations, SME adoption, credit risk, and cyber threats, it meets strict banking standards.
Technologies:
.NET Core, Redis, SQL Server, RabbitMQ, Angular 17, React Native, Expo, Redux, RESTful APIs, Git, CI/CD pipelines
The resulting SME financing platform fully supports purchase order financing (PO financing), based on the Murabaha principles. The main capabilities of the solution:
Our team delivered a fintech platform that significantly improves SME access to financing, while ensuring investor confidence and operational efficiency.
With this SME financing platform, we secured and delivered:
Andersen's team rose to the occasion. The delivered platform contains all requested functionalities, is compliant in both religious and financial terms, and supports fully digital workflows.
What happens next?
An expert contacts you after having analyzed your requirements;
If needed, we sign an NDA to ensure the highest privacy level;
We submit a comprehensive project proposal with estimates, timelines, CVs, etc.
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