Abu Dhabi-based global technology ecosystem, Hub71, has revealed a strategic partnership with Wio Bank, the first integrated financial platform of its kind in the region, the collaboration aims to enhance the banking experience for startup founders in the capital of the United Arab Emirates.
Wio Bank’s platform is designed to support the banking operations of small and medium-sized enterprises and has become the official banking partner of Hub71, enabling startup founders to benefit from guidance, mentorship, and commercial marketing support to launch innovative products and services in Abu Dhabi.
Hub71 and Wio Bank are committed to simplifying banking operations for startups in Abu Dhabi, making it easier for them to access funding and essential banking products that support the growth and development of innovative tech businesses in their early stages.
Wio Bank’s core mission since its inception is to prepare small and medium-sized enterprises in the UAE for the future, as Hub71’s official banking partner, Wio Bank simplifies the process of opening bank accounts for startups joining the ecosystem, moreover, Wio Bank will participate in Hub71’s events and initiatives that align with its growth strategy.
Ahmed Ali Alwan, Deputy CEO of Hub71, stated, “Our partnership with Wio Bank reinforces our commitment to enhance Abu Dhabi’s position as a preferred destination for startups to conduct business.
By collaborating with this unique local digital platform, which is leading the future of banking services for companies, we open strong banking and commercial opportunities for our startup community, this partnership represents an ideal model that distinguishes the economic ecosystem in Abu Dhabi, contributing to the growth of startups in the UAE capital”.
Jamal Al Awadi, Chief Operating Officer at Wio Bank, said, “Recognizing the global impact of the startup community, we firmly believe that simplifying access to funding and essential banking products will provide us with a unique opportunity to boost the growth of these companies and facilitate their journey towards achieving new milestones.
In this context, we are delighted to announce our cooperation as a banking partner with Hub71 and start working towards fulfilling our joint mission of empowering startups in the region, through this collaboration, we are committed to providing banking solutions that leave a positive impact, enabling startup founders to thrive and succeed in their entrepreneurial journey”.
Startups at Hub71 will also have access to Wio Bank’s network of specialized experts for guidance and strategic advice to support the growth and development of their business, this will enable founders to address unique challenges and make more informed decisions, in addition to creating new opportunities for economic growth in Abu Dhabi.
