Khalifa Fund, Wio Bank to provide beyond banking digital services to members, partner companies

Khalifa Fund, Wio Bank to provide beyond banking digital services to members, partner companies

ABU DHABI - Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Wio Bank PJSC – the region’s first platform bank – to support Khalifa Fund members with access to fast, flexible, and secure banking and financial services from Wio Business, the SME-tailored business banking application from Wio Bank.

Through the partnership, the two entities aim to empower SMEs, entrepreneurs and freelancers in Abu Dhabi and the wider UAE with intelligent business banking tools and financial solutions, helping them manage and grow their businesses more efficiently.

Speaking on the occasion, Alia Al Mazrouei, CEO of Khalifa Fund for Enterprise Development, said, "Khalifa Fund is actively seeking valuable partnership opportunities that provide advanced technologies and digital resources to empower SMEs in the UAE, enabling them to run their operations successfully with a centralised solution that streamlines and optimises day-to-day processes, helping SMEs in the UAE operate their businesses and achieve growth."

Al Mazrouei added, “Our partnership with Wio Bank will provide our members with secure and efficient financial services via their digital banking solutions while exploring financing options to support their growth. We are excited about this collaboration and its potential to support SMEs' growth and the UAE's entrepreneurial ecosystem."

Jayesh Patel,