Company Information

Get to know Wio Bank

Wio Bank PJSC is a digital banking platform headquartered in Abu Dhabi, launched in September 2022. It operates under a banking license from the Central Bank of the UAE. The bank is jointly owned by Abu Dhabi Development Company (ADQ), Alpha Dhabi Holding, Etisalat (e&), and First Abu Dhabi Bank (FAB). Wio's mission is to "reboot banking" by providing streamlined, accessible, and fully digital financial services, primarily targeting startups, freelancers, and SMEs through its "Wio Business" app, and individual customers through its "Wio Personal" offerings. The platform integrates beyond-banking services like invoicing and payment tools directly into its accounts.

Industry

Financial BankingPRIMARY
Financial Other Service

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Wio Bank

United Arab Emirates

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.