Wio Bank Overview Wio Bank is a digital financial platform based in Abu Dhabi, United Arab Emirates. It offers a range of services including digital banking apps, embedded finance, and "Banking as a Service" solutions, which enable businesses to provide banking products[1]. The bank is jointly owned by Abu Dhabi Developmental Holding Company (ADQ), Alpha Dhabi Holding, e&, and First Abu Dhabi Bank (FAB), with an initial capital outlay of AED 2.3 billion[1]. Key Features and Services - Digital Banking Apps: Wio provides both business and personal digital banking apps. The Wio Business app allows SMEs to open accounts quickly, manage finances, and access credit facilities[2][3]. - Embedded Finance: Offers customized financial solutions for businesses through embedded finance services[1]. - Banking as a Service: Empowers businesses to offer banking products directly to their customers[1]. - Partnerships: Notably, Wio has partnered with Fiskl, an AI-driven accounting platform, to enhance financial management for SMEs[1]. Recent Achievements - Profitability: Wio Bank achieved profitability within its first year of operation, reporting a revenue of AED 266.4 million and a net profit of AED 2 million[4]. - Customer Base: As of December 2023, Wio had over 90,000 customers across its business and personal banking services[3]. - Awards and Recognition: Recognized as the "MENA Digital Bank of the Year" and featured on the Forbes Middle East Fintech 50 list[1][3]. LinkedIn and Website - LinkedIn: [Wio Bank LinkedIn Page](http://www.linkedin.com/company/wiobank) - Website: [Wio Bank Official Website](http://www.wio.io)