UAE: Sheraa inks strategic partnership deal with Wio Bank

UAE: Sheraa inks strategic partnership deal with Wio Bank

Sharjah Entrepreneurship Centre (Sheraa) has signed a memorandum of understanding (MoU) with Wio Bank, the region’s first platform bank, to empower ecosystem players with Wio platform that is built to reboot banking for the new digital age.

The agreement comes within the framework of Sheraa's vision on the importance of robust, reliable and reputable financial services management for all established and aspiring startup founders.

Under the terms of the partnership between Sheraa and Wio, all Sheraa start-ups stand to benefit from a limited-period offer featuring 90 days of free financial services from Wio Bank, followed by a reduced monthly membership fee compared to the bank's standard rate.

As part of the MoU, start-ups and freelancers will be able to access all-in-one services to manage salaries, rent, VAT, among other things, that will empower them to streamline their financial operations and focus on growing their businesses.

The integration of Wio Bank's digital banking solutions with Sheraa's existing support programs and resources will provide entrepreneurs with a seamless and efficient platform to manage their finances and fuel their entrepreneurial endeavours.

Additionally, Sheraa and Wio Bank will also collaborate on various initiatives, including knowledge-sharing sessions, workshops and networking events. These activities will enable entrepreneurs to gain insights, learn