Abu Dhabi, UAE – The Abu Dhabi Women Entrepreneurs Council has signed a Memorandum of Understanding (MoU) with Wio Bank PJSC, the region’s first platform bank, to support women entrepreneurs in growing their businesses through merchant banking solutions.
The MoU was signed by Her Excellency Asma Al Fahim, Chairman of Abu Dhabi Women Entrepreneurs Council, and Jamal Al Awadhi, Chief Operations and Experience Officer, Wio Bank, following a seminar titled ‘How to Grow Your Business’ at the Abu Dhabi Business Center. than the headquarters of the Chamber of Commerce and Industry (ADCCI).
The partnership will bring a range of benefits to women entrepreneurs and business owners, enabling them to successfully manage their businesses. In addition to enhanced access to Wio Business, Wio Bank’s business banking solution, female business owners and entrepreneurs will also benefit from financial management training, expert talks, webinars jointly led by the Abu Dhabi Women Entrepreneurs Council and Wio Bank meetings and focus groups. The two organizations will also explore other areas of cooperation to advance the private sector in Abu Dhabi.
Her Excellency Asma Al Fahim, Chairman of Abu Dhabi Women Entrepreneurs Council, said: “We are delighted to partner with Wio Bank, which plays a key role in supporting businesses to reach the next level by providing integrated banking services. Our agreement with Wio Bank is a We will support women as part of their entrepreneurial journey by providing them with the training they need, exchanging knowledge and expertise, and increasing their opportunities in the marketplace to drive their contribution to the economic growth of the Emirate of Abu Dhabi.”
Commenting on the MoU, Jamal Al Awadhi, Chief Operations and Experience Officer, Wio Bank said: “We are proud to partner with the Abu Dhabi Businesswomen Council to support the entrepreneurial journey of women in the UAE. solutions that enable SMEs to achieve their goals and ambitions. Managing finances can be tedious, especially when you run a business. Wio Business simplifies this process with smart, integrated solutions that allow business owners to focus on achieving their business dreams.”
The Abu Dhabi Business Women Council, a subsidiary of the Abu Dhabi Chamber of Commerce, aims to lead the development of the role of women in the private sector and make them key partners in Abu Dhabi’s sustainable economic development. The committee provides the highest quality services, including training, development, consulting, professional guidance, etc.
Wio Bank brings next-generation banking to the region, opening up new avenues for customers to gain easy access to banking services. Its first digital banking app, Wio Business, is tailored to the needs of SMEs, entrepreneurs and freelancers, providing them with a simplified banking solution, including fully digital business account opening, personalized options and solutions tailored around each client’s needs A seamlessly integrated service built to help them automate admins, control their spending by giving their teams unlimited virtual cards, create various savings for expenses like VAT and rent, and focus on growing their business .
Officially launched in September 2022, Wio Bank offers three key functions, namely digital banking application, embedded finance and banking-as-a-service solutions.
Wio Bank PJSC is an integrated digital banking platform jointly owned by Abu Dhabi Development Company (ADQ), Alpha Dhabi Holding, Etisalat and First Abu Dhabi Bank (FAB), with an initial capital expenditure of AED 2.3 billion. The bank is regulated by the Central Bank of the United Arab Emirates.
For more information, please visit www.wio.io