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SME Financing Platform

About the client

Andersen's customer is a MENA region-based fintech market player, focused on financing SMEs.

Location:Saudi Arabia
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Business Context

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.

Dashboard showing Overview in Home section
Dashboard showing Overview in Home section

Challenges

The customer encountered the following challenges:

  • Limited access to traditional financing: Banks often reject SMEs due to complex contracts, long payment cycles, and high collateral requirements. Many SMEs lack credit history, resulting in delayed access to financial support and missed opportunities.
  • Regulatory and compliance complexities: Strict SAMA guidelines (KYC, AML) and Sharia-compliant financing (i.e., Murabaha) slow approvals. Any breach poses legal risks and deters investors.
  • High investment risk, low transparency: Investors see SMEs as risky due to uncertain repayments and limited risk assessments. Misrepresentation and lack of tracking further erode confidence.
  • Scalability and inefficiencies: Limited automation leads to slow processing, high costs, and difficulty handling large volumes. Manual verification delays funding.
  • Market adoption and trust issues: Many SMEs are unfamiliar with crowd-lending, while investors require proof of security. Low initial adoption can hinder liquidity and SME-investor matching.

Project overview

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.

About the project

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.

Duration:12 months
Technologies:
.NET Core
Redis
SQL Server
RabbitMQ
Angular 17
React Native

Technologies:

.NET Core, Redis, SQL Server, RabbitMQ, Angular 17, React Native, Expo, Redux, RESTful APIs, Git, CI/CD pipelines

My requests page
My requests page

App functionality

The resulting SME financing platform fully supports purchase order financing (PO financing), based on the Murabaha principles. The main capabilities of the solution:

  • PO financing enables small and medium-sized enterprises to obtain funding to fulfill government contracts;
  • The crowdlending model allows investors, both individuals and companies, to participate in financing purchase orders;
  • The revenue-based financing (RBF) model turns the solution into a product specifically designed for merchants, enabling them to secure financing based on their revenue;
  • Flexible financial solutions encompass additional financial products such as invoice discounting and Buy Now, Pay Later (BNPL);
  • API integrations support interactions with banking systems, government verification systems (KYC/AML), and payment gateways;
  • High-level security features robust mechanisms to protect user data and financial transactions.

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:

  • Automated financing: Now, a fully digital workflow lets SMEs submit PO financing requests, backed by automated checks and real-time KYC/AML integration.
  • Crowdlending engine: A peer-to-peer model enables multiple investors to finance SMEs, matched by risk and preferences. A shared dashboard ensures transparency.
  • Scalable microservices: Modular architecture supports high transaction volumes and efficient data management.
  • Flexible financing models: Revenue-based financing and adjustable repayment schedules are tied to revenue streams and contract milestones.
  • Regulatory compliance and security: Strong encryption, fraud detection, and Sharia-compliant (Murabaha) financing meet the industry's strict standards.

Project results

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.

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