In a bid to revolutionize the banking experience for tech startups in Abu Dhabi, Hub71, the global tech ecosystem, and Wio Bank PJSC, the region’s pioneering platform bank, have joined forces. This strategic partnership aims to streamline the banking processes for SMEs and offers startup founders in the capital access to unparalleled benefits, including expert mentorship and commercialization opportunities that foster the development of innovative products and services.
By simplifying the banking process, Hub71 and Wio are making it easier for startups in Abu Dhabi to obtain funding and essential banking products crucial for the growth and success of early-stage tech businesses. Wio Bank was founded with a mission to contribute to the future readiness of the SME segment in the UAE. Now, as the official banking partner of Hub71, Wio will facilitate the bank account opening process for startups joining the ecosystem, while also actively participating in Hub71 events and initiatives that align with its growth strategy.
Ahmad Ali Alwan, Deputy CEO of Hub71, expressed, “Our collaboration with Wio Bank underscores our commitment to making Abu Dhabi a highly attractive destination for startups to thrive. By partnering with a cutting-edge digital platform based in Abu Dhabi,
we are providing our startup community with robust banking and commercial opportunities. This powerful synergy within Abu Dhabi’s tech ecosystem fosters exceptional growth for startups in the capital of the UAE.”
Ahmad Ali Alwan, Deputy CEO of Hub71, expressed, “Our collaboration with Wio Bank underscores our commitment to making Abu Dhabi a highly attractive destination for startups to thrive. By partnering with a cutting-edge digital platform based in Abu Dhabi, we are providing our startup community with robust banking and commercial opportunities. This powerful synergy within Abu Dhabi’s tech ecosystem fosters exceptional growth for startups in the capital of the UAE.”
Jamal Al Awadhi, Chief Operating and Experience Officer of Wio, added, “We are delighted to announce our partnership as Hub71’s first official banking partner, embarking on a shared mission to empower startups in the region. We recognize the immense impact of the global startup community and firmly believe that by simplifying access to funding and essential banking products, we can nurture their growth and facilitate their journey to success. Through our collaboration with Hub71, we are committed to delivering meaningful banking solutions that truly make a difference, enabling startup owners to thrive and succeed in their entrepreneurial pursuits.”
As part of this collaboration, Hub71 startups will gain access to Wio’s network of subject matter experts, receiving invaluable mentorship and strategic advice to support their business growth and development. Armed with expert guidance and insights, founders can navigate challenges more effectively, make informed decisions, and unlock new opportunities for the economic growth of Abu Dhabi. This partnership holds the promise of propelling Abu Dhabi’s tech ecosystem to greater heights, empowering startups to achieve remarkable milestones in their entrepreneurial journey.
