A new benchmark for digital banking in the UAE
Wio Bank PJSC, the UAE’s first platform bank partnered with Mambu to open its first SME account in 14 months, followed by the first retail account 11 months later. Since then, the bank scaled to 200,000+ customers and reached profitability within its first year.
- months to open first SME account
- months more to open first retail account
- growth year-over-year
See what's inside
WIO BANK PJSC
About the customer
Wio Bank PJSC, launched in Abu Dhabi in 2022, is the Middle East’s first fully digital financial platform. Backed by major shareholders including ADQ, Alpha Dhabi Holding, e&, and First Abu Dhabi Bank (FAB), Wio Bank PJSC was built from the ground up to deliver embedded finance, digital banking, and BaaS capabilities across the UAE.
Licensed by the Central Bank of the UAE, it has quickly gained recognition for its innovative model and rapid impact in the market.
- AED 2.3B in initial capital
- Forbes Middle East Fintech 50 leader (2024)
- Serves retail, SME, and corporate segments
“By leveraging Mambu, we can design and deliver modern financial products and services to our customers to make their lives easier.”
- Yatin Parab, Chief Product Officer, Wio Bank PJSC
Download the full case study
Download the full case study to see how Wio Bank PJSC – UAE’s digital banking trailblazer is scaling profitably with Mambu.
