Tradeling partners with Wio Bank to support the growth of SMEs in the UAE

Tradeling partners with Wio Bank to support the growth of SMEs in the UAE

Dubai, UAE – Tradeling, the MENA’s dominant e-marketplace that focuses on business-to-business (B2B) transactions, has announced today a partnership with Wio Bank, the region’s first platform bank, for its tailored business banking solution Wio Business. The unique partnership aims to bridge the banking gap and offers innovative banking solutions to merchants, enabling microbusinesses and Small and Medium Enterprises (SMEs) to obtain credits digitally.

Wio Business seeks to offer a next-generation banking solution that is disruptive, data-native, and analytics-driven. Rebooting business banking needs in the digital age, Wio Business’s personalised features seamlessly integrate services built around SMEs’ needs.

SMEs represent 94% of the organisations operating in the UAE and make up over 50% of the country’s GDP.[1] Businesses that are operating within Tradeling’s ecosystem and sign up to bank with Wio Business through Tradeling.com, can access exclusive offerings on the banking app as part of the partnership.

Marius Ciavola, Chief Executive Officer of Tradeling, and Prateek Vahie, Chief Commercial Officer of Wio Bank signed the MoU to solidify the new partnership which intends to assist small businesses in the region digitise their banking needs with a host of benefits.

Commenting on the new partnership, Marius Ciavola said: “As the small and medium enterprise industry is