Wio Bank PJSC provides digital banking apps, embedded finance, and banking-as-a-service solutions. It launched its first digital banking application, “Wio Business,” in September 2022. It was followed by “Wio Personal,” which caters to retail clients. In July 2023, Wio Bank signed an agreement with ADX to give its users instant digital access to U.A.E. IPOs on ADX via their Wio Personal banking accounts. ADQ and Alpha Dhabi are the primary shareholders with a combined stake of 65%, while e& holds 25%, and First Abu Dhabi Bank (FAB) 10%. The company had over 90,000 customers as of December 2023.