Wio Bank PJSC partners with Hub71, Abu Dhabi ‘s global IT ecosystem, to enhance the banking experience for startup founders.
A strategic relationship between Wio Bank PJSC, the platform bank for the area, and Hub71, the global IT ecosystem of Abu Dhabi, aims to improve the banking experience for startup founders in the city. Wio Bank becomes the official banking partner of Hub71 in a move that is intended to improve bank account procedures for SMEs. It gives startup entrepreneurs access to professional mentoring and commercialization options that support the development of new, innovative goods and services in Abu Dhabi.
Hub71’s deputy CEO, Ahmad Ali Alwan, stated: “Our relationship with Wio Bank further strengthens our commitment to making Abu Dhabi an alluring location for entrepreneurs to do business. By working with a digital platform with an Abu Dhabi base that is shaping the future of business banking, we are providing our startup community with access to a wide range of banking and business prospects.
“This partnership is a shining example of a potent synergy within the tech ecosystem of Abu Dhabi that supports startup growth in the capital of the UAE.”
Hub71 and Wio are making it simpler for entrepreneurs in Abu Dhabi to get finance and necessary banking products by reducing the banking process. This in turn helps early-stage creative tech enterprises grow and expand.
The main goal of Wio Bank’s establishment was to aid in the UAE’s SME market’s future preparation. When startups sign up for Hub71, Wio will facilitate the establishment of bank accounts as an official banking partner. The online bank will also take part in Hub71 projects and events that fit with its expansion plan.
Fostering the development and expansion of businesses
Wio’s chief operating and experience officer, Jamal Al Awadhi, stated: “We begin on a shared purpose with Hub71 to support entrepreneurs in the area. We are aware of the enormous contribution made by the startup community worldwide, and we are convinced that by making it easier to access key financial services and capital, we can support their development and pave the way for greater success.
“Through our partnership with Hub71, we pledge to provide valuable financial solutions that genuinely improve lives. On their entrepreneurial journey, we wish to help startup founders prosper.
Wio’s network of subject matter experts will also be available to Hub71 companies, who can use it to get mentorship and business-growth-supporting advice. Finally, founders may better handle particular problems, make more informed decisions, and open up new prospects for the development of Abu Dhabi’s economy with access to expert advice and insights.