The Abu Dhabi Businesswomen Council has signed a Memorandum of Understanding (MoU) with Wio Bank PJSC, the region’s first platform bank, to support female entrepreneurs with business banking solutions to grow their businesses.
The partnership will see a range of benefits extended to female entrepreneurs and business owners to enable them to manage their business successfully. Aside from enhanced access to Wio Bank’s business banking solution Wio Business, women business owners and entrepreneurs will benefit from access to financial management training, expert talks, webinars, and focus groups jointly led by Abu Dhabi Businesswomen Council and Wio Bank. The two organisations will also explore additional areas of collaboration to drive the growth of the private sector in Abu Dhabi.
Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, said: “Our agreement with Wio Bank comes as part of the Council’s efforts to support women in their entrepreneurial journey, provide them with the required training, exchange knowledge and expertise, and increase their opportunities in the market, to drive their contribution to the economic growth of the Emirate of Abu Dhabi.”
Commenting on the MoU, Jamal Al Awadhi, Chief Operating and Experience Officer at Wio Bank, said: “In Wio Business, we have created a banking solution that enables SMEs to reach their goals and ambitions. Managing finances can be tedious, especially when you’re running a business. Wio Business simplifies this through intelligent, integrated solutions empowering business owners to focus on making their business dreams, a reality.”
The Abu Dhabi Businesswomen Council, a subsidiary of the Abu Dhabi Chamber, aims to lead the development of women’s role in the private sector and enable them to be a key partner in Abu Dhabi’s sustainable economic development. The Council provides top-quality services, including training, development, consultancy, professional guidance, and more.
Wio Bank brings the next generation of banking to the region to open new paths for customers and enables them to access banking services effortlessly. Its first digital banking application Wio Business, is tailored to the needs of SMEs, entrepreneurs and freelancers and provides them simplified banking solutions including fully digital business account opening, personalised options and seamlessly integrated services that are built around each client's needs, helping them automate their admin, be in control of their spending with unlimited virtual cards for their team, create various Saving Spaces for outgoings such as VAT and rent, and focus on growing their business.
Wio Bank was officially launched in September 2022 by offering three key capabilities, namely Digital Banking apps, Embedded Finance and Banking-as-a-Service solutions.
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