Abu Dhabi Businesswomen Council & Wio Bank sign MoU to support female entrepreneurs

The Abu Dhabi Businesswomen Council has signed a Memorandum of Understanding (MoU) with Wio Bank, the region’s first platform bank, to support female entrepreneurs with business banking solutions to grow their businesses.

The MoU was signed by Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council and Mr. Jamal Al Awadhi, Chief Operating and Experience Officer at Wio Bank, following a workshop titled “How to grow your business”, which was held at the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) headquarters.

The partnership will see a range of benefits extended to female entrepreneurs and business owners to enable them to manage their businesses successfully. Aside from enhanced access to Wio Bank’s business banking solution Wio Business, women business owners and entrepreneurs will benefit from access to financial management training, expert talks, webinars, and focus groups jointly led by Abu Dhabi Businesswomen Council and Wio Bank. The two organizations will also explore additional areas of collaboration to drive the growth of the private sector in Abu Dhabi.

Her Excellency Asma Al Fahim, said that “We are delighted to partner with Wio Bank, which plays a key role in supporting businesses to reach a new level by providing integrated banking services. Our agreement with Wio Bank comes as part of the Council’s efforts to support women in their entrepreneurial journey, provide them with the required training, exchange knowledge and expertise, and increase their opportunities in the market, to drive their contribution to the economic growth of the Emirate of Abu Dhabi.”

Mr. Al Awadhi, commented that “We’re proud to be partnering with Abu Dhabi Businesswomen Council to support women of the UAE with their entrepreneurial journey. In Wio Business, we have created a banking solution that enables SMEs to reach their goals and ambitions. Managing finances can be tedious, especially when you’re running a business. Wio Business simplifies this through intelligent, integrated solutions empowering business owners to focus on making their business dreams, a reality.”