Abu Dhabi, UAE – Khalifa Fund for Enterprise Development has signed an agreement with Wio Bank to support Khalifa Fund members with easy access to secure banking and financial services from Wio Business, the SME-tailored business banking application from Wio Bank.
Wio Business will offer Khalifa Fund members and partner companies full digital account onboarding and opening with zero minimum balance, account access for multiple users, multi-currency accounts.
This includes free local transfers, free sign-up to payment gateways, unlimited instant virtual cards, saving spaces for VAT, rent and other business needs, Wio Business Admin assist, and much more.
Wio Business will also be extending a special promotion of a three-month free subscription plan to over 3,600 members and portfolio companies of Khalifa Fund.
To further support the Khalifa Fund businesses with their expansion goals and plans, Wio is likely to explore opportunities for supply chain financing and other lending propositions with them.
Alia Al Mazrouei, CEO of Khalifa Fund for Enterprise Development, said, “Khalifa Fund is actively seeking valuable partnership opportunities that provide advanced technologies and digital resources to empower SMEs in the UAE, enabling them to run their operations successfully with a centralized solution that streamlines and optimizes day-to-day processes, helping SMEs in the UAE operate their businesses and achieve growth.”