Abu Dhabi Businesswomen Council And Wio Bank form partnership To Empower Female Entrepreneurs

The Abu Dhabi Businesswomen Council has signed an agreement with Wio Bank PJSC, the region's first platform bank, to provide female entrepreneurs with business banking solutions to help them grow their businesses.

Following a workshop titled "How to Grow Your Business" at the Abu Dhabi Chamber of Commerce and Industry's (ADCCI) headquarters, Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, and Jamal Al Awadhi, Chief Operating and Experience Officer at Wio Bank, signed the MoU.

The collaboration will provide a variety of benefits to female entrepreneurs and business owners to help them manage their businesses successfully. Aside from improved access to Wio Bank's business banking solution Wio Business, women business owners and entrepreneurs will benefit from financial management training, expert talks, webinars, and focus groups co-led by the Abu Dhabi Businesswomen Council and Wio Bank. The two organisations will also look into other areas of collaboration to help drive the growth of Abu Dhabi's private sector.

Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, said: “We are delighted to partner with Wio Bank, which plays a key role in supporting businesses to reach a new level by providing integrated banking services. 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: “We’re proud to be partnering with Abu Dhabi Businesswomen Council to support women of the UAE with their entrepreneurial journey. 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, seeks to lead the development of women's roles in the private sector and to position them as a key partner in Abu Dhabi's long-term economic development. The Council offers high-quality services such as training, development, consulting, and professional guidance.

Wio Bank introduces the next generation of banking to the region, paving the way for customers to easily access banking services. Its first digital banking application, Wio Business, is tailored to the needs of SMEs, entrepreneurs, and freelancers, and provides them with simplified banking solutions such as fully digital business account opening, personalised options, and seamlessly integrated services that are built around each client's needs, assisting them to automate their admin, be in control of their spending with unlimited virtual cards for their team, and create various Saving Spaces for outgoings such as travel.

Wio Bank officially launched in September 2022, with three key capabilities: Digital Banking apps, Embedded Finance, and Banking-as-a-Service solutions.