InsiderDXBi
Wio Bank logo

Wio Bank

Growth Score40DXBi Rank35Heat Score100

Wio Bank PJSC

Founded 2022Private (Joint Venture)Government-backedAbu Dhabi, United Arab Emirates, Abu Dhabi201-500 employeeswio.io
Prospect profiledigital-bankplatform-bankCBUAE-licensedSME-bankingAbu-Dhabineobank
Visit Website

Media

Preview imagery published alongside each story, linking back to the original.

Overview

Wio Bank is a UAE digital "platform bank" launched in Abu Dhabi in September 2022, holding its own banking license from the Central Bank of the UAE (CBUAE) rather than operating as a fintech layered on another bank's balance sheet. It offers retail and business/SME banking, embedded finance, and lending products through fully digital apps. Owned by ADQ, Alpha Dhabi Holding, e& (Etisalat) and First Abu Dhabi Bank, it reports strong growth, reaching profitability in 2024 and posting AED 1.24 billion revenue and AED 622 million net profit for FY2025. The UAE's first platform bank, built with its own CBUAE license
40

Growth Score

Steady

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Private (Joint Venture)
Funding Stage
Government-backed
Headquarters
Abu Dhabi, United Arab Emirates
Founded
2022
Company Size
201-500 employees
Website
wio.io

Products & Services

Wio Personal

Retail digital banking app offering multi-currency accounts, virtual and physical cards, zero FX fees, savings, and investing features for individuals

Wio Business

Digital banking platform for companies/SMEs with fast onboarding (as fast as 3 days), multi-user access, virtual cards, smart invoicing and payroll tools

Wio Invest

Investment product within the Wio ecosystem letting customers trade stocks, ETFs and crypto and use automated portfolios 24/7 via the Wio app

People

Technology

Tech stack

Mambu (cloud-native core banking platform, confirmed via Finextra: "Wio Bank goes live on Mambu")

Financials

Government-backed

Funding stage

Funding rounds

Projects

Project LaunchAnnounced

Wio Bank to launch standalone payments company

Wio Bank announced plans to launch a dedicated payments company in 2026 and expand wealth management for affluent clients, alongside reporting growth to 250,000+ retail and 120,000+ business customers.

Dec 11, 2025

PartnershipAnnounced

Wio Bank partners with Pine Labs on merchant acquiring infrastructure

Wio Bank teamed with global fintech Pine Labs to build a modern, cloud-native merchant acquiring infrastructure for the UAE, enabling faster onboarding and real-time settlement.

Jan 26, 2026

PartnershipAnnounced

Wio Bank appoints Standard Chartered as global clearing provider

Standard Chartered was appointed to enhance Wio Bank's cross-border payments, offering real-time tracking and faster settlement across USD, EUR and GBP corridors via its correspondent banking network.

Jun 22, 2026

PartnershipCompleted

Wio Bank integrates with Xero

Wio Bank and accounting platform Xero launched a direct integration giving Wio Business customers automated bank feeds, reconciliation and real-time financial insights.

Aug 19, 2025

PartnershipAnnounced

Wio Bank joins NVIDIA Inception Program

Wio Bank became the first licensed bank in the Middle East to join NVIDIA's Inception program to accelerate AI-driven banking innovation.

Jan 23, 2026

Project LaunchCompleted

Wio Bank launches Wio Family

Wio Bank launched Wio Family, described as the UAE's first shared banking experience for families to manage money together, developed in line with the UAE's 'Year of Family' initiative.

Dec 1, 2025

PartnershipAnnounced

Wio Invest names iShares by BlackRock as preferred ETF partner

Wio Invest launched tax-efficient UCITS ETFs powered by iShares by BlackRock on its personal app, cutting US dividend withholding tax from 30% to 15% for UAE investors, with a $10 minimum investment.

Aug 15, 2026

Technology PartnershipCompleted

Wio Bank selects Mambu as core banking platform

Wio Bank built its SME and retail banking on Mambu's cloud-native, composable core banking platform (integrated with Microsoft Azure), launching SME accounts within 14 months and scaling past 200,000 customers.

Aug 15, 2026

PartnershipAnnounced

Wio Bank & Etihad Guest miles-earning savings programme

Wio Bank partnered with Etihad Guest, Etihad Airways' loyalty programme, to let Wio Personal customers earn Etihad Guest Miles for every dirham held in savings/fixed deposits, described as the UAE's first deposit-to-miles programme.

Aug 15, 2026

PartnershipAnnounced

Wio Bank & Abu Dhabi Securities Exchange (ADX) digital IPO subscription agreement

Wio Bank signed an agreement with ADX to enable fully digital, instant IPO subscriptions on the exchange for Wio customers.

Aug 15, 2026

PartnershipAnnounced

Lulu Exchange open banking partnership with Wio Bank

Lulu Financial Group (Lulu Exchange) launched an open banking service platform partnering with Wio Bank to allow Wio Business customers to access deposit and related banking services.

Aug 15, 2026

PartnershipAnnounced

IFZA Dubai & Wio Bank digital banking partnership

International Free Zone Authority (IFZA) Dubai entered a partnership agreement with Wio Bank to provide digital banking services to IFZA-registered businesses.

Dec 1, 2022

PartnershipAnnounced

Virtuzone & Wio Bank SME banking partnership

Virtuzone partnered with Wio Bank to support the digital banking needs of its business-formation clients using the Wio Business platform.

Aug 15, 2026

PartnershipAnnounced

Wio Bank & Pine Labs merchant acquiring alliance

Wio Bank entered a strategic alliance with global fintech Pine Labs to integrate Pine Labs' Credit+ platform (API-centric, cloud-based microservices) into Wio's merchant acquiring infrastructure, enabling faster merchant integration, instant settlements and multi-payment-method support, announced in Dubai.

Jan 28, 2026

Similar Companies

Official Channels

Where Wio Bank publishes directly. Each link is checked for the correct platform and profile format.

A tick means the link resolves to a valid company profile URL on that platform. It does not confirm the account is operated by Wio Bank — that requires a signal only the platform or the company can give, so DXBi does not claim it. 1 link does not match the expected format and needs review.

Press & Announcements

Every item links back to its original source. Announcements are only marked as coming from Wio Bank when the link resolves to the company's own domain.

Loading press coverage…

Signals & News

Insights

Reviews