Established with an initial capital of $626.7 million, Wio Bank provides a digital banking app, embedded finance, and banking-as-a-service solutions. It serves 200,000 customers across Wio Business and Wio Personal. In May 2024, Wio Bank announced that it had achieved profitability in its first full year, reporting revenue of $72.6 million and a net profit of $545,000 in 2023. ADQ and Alpha Dhabi are the primary shareholders with a combined stake of 65%, while e& holds 25%, and First Abu Dhabi Bank 10%.