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Hub71 & Wio Bank partner to streamline banking for startups in Abu Dhabi

By Delisha Fernandes

July 27, 2023

  • Bank Account
  • Banking
  • Digital Bank
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Wio BankHub71, a global Tech ecosystem in Abu Dhabi, and Wio Bank PJSC has announced a strategic partnership to transform the banking experience for startup founders in the capital.

The partnership aims to enhance bank account processes for SMEs; Wio becomes the official banking partner of Hub71, enabling startup founders to benefit from expert mentorship and commercialisation opportunities that foster innovative new products and services in Abu Dhabi.

Ahmad Ali Alwan, Deputy CEO of Hub71, said, “Our partnership with Wio Bank further solidifies our commitment to making Abu Dhabi an attractive destination for startups to do business. By collaborating with an Abu Dhabi-based digital platform leading the future of business banking, we are opening the door to robust banking and commercial opportunities for our startup community. This partnership is a prime example of a powerful combination within Abu Dhabi’s tech ecosystem that fosters startup growth in the UAE’s capital.”

Wio Bank was set up with the core mission of contributing to the future readiness of the SME segment in the UAE. Wio will streamline the bank account opening process as an official banking partner when startups join Hub71. The digital bank will also participate in Hub71 events and initiatives that align with its growth strategy.

Jamal Al Awadhi, Chief Operating and Experience Officer, Wio, said, We are thrilled to announce our partnership as the first official banking partner of Hub71 and embark on a shared mission to empower startups in the region. We recognise the significant impact made by the global startup community and firmly believe that by simplifying access to funding and essential banking products, we have a unique opportunity to nurture their growth and facilitate their paths to new achievements. Through collaboration with Hub71, we are committed to delivering meaningful banking solutions that make a difference, enabling startup owners to thrive and succeed on their entrepreneurial journey.”

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