IFZA has announced a strategic partnership with RAKBANK, reinforcing its mission to provide seamless business & financial solutions to its partners. This collaboration introduces a suite of tailored banking services to entrepreneurs and businesses operating under IFZA, aligning with the shared vision of promoting business growth and innovation in the UAE.
The official signing ceremony took place at IFZA premises in Dubai, attended by senior executives from both parties. Under the agreement, RAKBANK will help address critical banking challenges for SMEs, startups, and international businesses by offering streamlined access to business banking services, financial products, and expert advisory solutions.
“We are thrilled to announce our partnership with RAKBANK, which underscores IFZA’s dedication to providing value beyond business incorporation,” said Jochen Knecht, CEO of IFZA. “Our collaboration reaffirms our commitment to empowering businesses with seamless access to essential financial services and offering SMEs with simple and convenient banking solutions to enabling them to thrive and succeed in an ever-evolving economic environment.”
Nouwaf Mubarak Balaswad Mubarak AlDerei, Executive Vice President & Head of Business Banking Distribution at RAKBANK, added, “Our collaboration with IFZA reiterates our commitment to enhancing the entrepreneurship ecosystem in the UAE. By combining RAKBANK’s expertise in SME banking with IFZA’ holistic approach to business setup, we aim to provide solutions that elevate the business journey for startups and entrepreneurs alike.”
The association also highlights the company’s ongoing efforts to redefine and simplify business processes for its partners and will create synergies between the two organizations to utilize their respective strengths in empowering them to achieve long-term success.
