Latest news with #Peko
Zawya
15 hours ago
- Business
- Zawya
Ruya Community Islamic Bank partners with Peko to support SME growth in the UAE
Dubai, UAE – ruya Community Islamic Bank, the UAE's purpose-driven Islamic bank, has signed a Memorandum of Understanding (MoU) with Dubai-based fintech company Peko, announcing the launch of a new strategic initiative to support small and medium-sized enterprises (SMEs) across the country. Through this partnership, ruya will introduce a comprehensive digital platform aimed at simplifying business setup and daily operations for entrepreneurs. Powered by Peko's innovative infrastructure, the platform will offer more than 50 integrated business services—ranging from company formation and license renewals to bill payments, HR tools, eSIM provisioning, travel services, software subscriptions, WhatsApp for Business integration, and automated financial reporting. ruya's business customers will gain seamless access to these services, enabling them to launch and manage their operations efficiently and in full compliance with Islamic values. Christoph Koster - Chief Executive Officer of ruya Community Islamic Bank, commented: 'At ruya, we believe in empowering entrepreneurs by offering more than just financial products—we provide practical solutions that help businesses grow. This partnership with Peko is part of our broader vision to make it easier for SMEs to launch, operate, and succeed in the UAE, all within a Shari'a-compliant framework.' Kashif Khan, Founder and CEO of Peko, added: 'We've built Peko as an all-in-one platform to simplify and supercharge the way SMBs operate. By partnering with visionary institutions like ruya, we're enabling banks to offer not just banking—but an entire suite of essential business services. This collaboration is a glimpse into the future of SME banking—where financial services and day-to-day business tools come together seamlessly' This initiative builds on ruya's growing suite of SME-focused offerings, including business banking accounts, Shari'a-compliant financing, digital invoicing, and innovative tools tailored for modern entrepreneurs. With this partnership, ruya continues to demonstrate its commitment to fostering a supportive ecosystem for businesses—rooted in values, driven by technology. For more information on how to start investing in virtual assets through ruya, please visit About ruya (رويا): Headquartered in Ajman and launched in 2024, ruya (Ruya Islamic Community Bank LLC) is a fusion of innovative technology and the enduring principles of Islamic banking, designed for individuals and businesses alike. Licensed by the Central Bank of the UAE as a Specialised Bank, ruya delivers a seamless digital banking experience built on robust security and intuitive design. Guided by the pillars of fairness, transparency, and social responsibility, ruya is deeply rooted in the community supporting families, entrepreneurs and small businesses while fostering financial literacy and inclusion through open-door branches that serve as hubs of education and support. For media inquiries: pr@ Website: Twitter/X: myruyabank Instagram: myruyabank LinkedIn: ruya Facebook: myruyabank TikTok: @myruyabank YouTube: @myruyabank Snapchat: myruyabank
Mid East Info
16 hours ago
- Business
- Mid East Info
ruya Community Islamic Bank Partners with Peko to Support SME Growth in the UAE - Middle East Business News and Information
Dubai, UAE – 11/08/2025 – ruya Community Islamic Bank, the UAE's purpose-driven Islamic bank, has signed a Memorandum of Understanding (MoU) with Dubai-based fintech company Peko, announcing the launch of a new strategic initiative to support small and medium-sized enterprises (SMEs) across the country. Through this partnership, ruya will introduce a comprehensive digital platform aimed at simplifying business setup and daily operations for entrepreneurs. Powered by Peko's innovative infrastructure, the platform will offer more than 50 integrated business services—ranging from company formation and license renewals to bill payments, HR tools, eSIM provisioning, travel services, software subscriptions, WhatsApp for Business integration, and automated financial reporting. ruya's business customers will gain seamless access to these services, enabling them to launch and manage their operations efficiently and in full compliance with Islamic values. Christoph Koster – Chief Executive Officer of ruya Community Islamic Bank, commented: 'At ruya, we believe in empowering entrepreneurs by offering more than just financial products—we provide practical solutions that help businesses grow. This partnership with Peko is part of our broader vision to make it easier for SMEs to launch, operate, and succeed in the UAE, all within a Shari'a-compliant framework.' Kashif Khan, Founder and CEO of Peko, added: 'We've built Peko as an all-in-one platform to simplify and supercharge the way SMBs operate. By partnering with visionary institutions like ruya, we're enabling banks to offer not just banking—but an entire suite of essential business services. This collaboration is a glimpse into the future of SME banking—where financial services and day-to-day business tools come together seamlessly' This initiative builds on ruya's growing suite of SME-focused offerings, including business banking accounts, Shari'a-compliant financing, digital invoicing, and innovative tools tailored for modern entrepreneurs. With this partnership, ruya continues to demonstrate its commitment to fostering a supportive ecosystem for businesses—rooted in values, driven by technology. For more information on how to start investing in virtual assets through ruya, please visit
Zawya
01-08-2025
- Business
- Zawya
RAKEZ, Peko join forces to simplify SME operations with digital solutions
RAS AL KHAIMAH - Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via RAKEZ's client portal, supporting SMEs with greater convenience and control. The partnership was formalised through the signing of a Memorandum of Understanding between Peko Founder and CEO Kashif Khan and RAKEZ CXO Ian Hunt at Compass Coworking Centre. Known for its smart automation solutions, Peko provides businesses with tools that reduce manual work, increase financial visibility, and improve compliance through features like real-time dashboards and automated reporting. These capabilities, integrated with RAKEZ's digital platform, create a connected ecosystem that helps clients save time, cut costs, and operate more efficiently. Khan commented, 'Our partnership with RAKEZ is a major step forward in our mission to empower small and medium-sized businesses with enterprise-grade capabilities. We're not just solving operational pain points, but we're redefining what's possible for small businesses. Together with RAKEZ, we aim to set a new benchmark for how SMEs operate, grow, and thrive in the modern economy.' This collaboration enhances RAKEZ's value proposition, enabling it to go beyond business set-up and become a true enabler of everyday operations. Entrepreneurs can navigate administrative formalities more easily and focus on achieving sustainable growth. RAKEZ Group CEO Ramy Jallad said, 'We are committed to delivering solutions that make business easier and more efficient for our clients. Partnering with Peko strengthens our ability to provide SMEs with the digital tools they need to operate with agility, improve their processes, and unlock new growth opportunities.' With this initiative, RAKEZ reinforces its position as a one-stop destination where businesses can launch and grow with confidence through a seamless digital experience.
Zawya
01-08-2025
- Business
- Zawya
RAKEZ and Peko join forces to simplify SME operations with digital solutions
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has partnered with UAE-based fintech company Peko to offer its clients a range of automated services that streamline day-to-day operations. From invoicing and payroll to utility payments and business travel bookings, the new services are accessible via RAKEZ's client portal, supporting SMEs with greater convenience and control. The partnership was formalised through the signing of a Memorandum of Understanding (MoU) between Peko Founder and CEO Kashif Khan and RAKEZ CXO Ian Hunt at Compass Coworking Centre. Known for its smart automation solutions, Peko provides businesses with tools that reduce manual work, increase financial visibility, and improve compliance through features like real-time dashboards and automated reporting. These capabilities, integrated with RAKEZ's digital platform, create a connected ecosystem that helps clients save time, cut costs, and operate more efficiently. Khan commented, 'Our partnership with RAKEZ is a major step forward in our mission to empower small and medium-sized businesses with enterprise-grade capabilities. We're not just solving operational pain points, but we're redefining what's possible for small businesses. Together with RAKEZ, we aim to set a new benchmark for how SMEs operate, grow, and thrive in the modern economy.' This collaboration enhances RAKEZ's value proposition, enabling it to go beyond business set-up and become a true enabler of everyday operations. Entrepreneurs can navigate administrative formalities more easily and focus on achieving sustainable growth. RAKEZ Group CEO Ramy Jallad said, 'We are committed to delivering solutions that make business easier and more efficient for our clients. Partnering with Peko strengthens our ability to provide SMEs with the digital tools they need to operate with agility, improve their processes, and unlock new growth opportunities.' With this initiative, RAKEZ reinforces its position as a one-stop destination where businesses can launch and grow with confidence through a seamless digital experience. About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
Fintech News ME
17-07-2025
- Business
- Fintech News ME
Telr and Peko Launch Telr Incepta to Support Business Setup in the UAE
Telr, a digital payment gateway and financial solutions provider based in Dubai, has announced a partnership with Dubai-based fintech company Peko to introduce Telr Incepta, an all-in-one platform aimed at supporting business setup and operations in the UAE. The platform is designed to assist SMEs by integrating a range of tools and services that facilitate financial and operational management. Telr Incepta offers an integrated ecosystem with over 50 business services, providing features that include company formation, bill payments, human resources tools, corporate travel arrangements, eSIM services, software subscriptions, license renewals, WhatsApp for Business integration, and automated financial reporting. The platform will be accessible to more than 30,000 of Telr's merchants in the UAE and other markets where Telr operates. Now officially licensed, Telr intends to expand its offering with additional features suited to the needs of businesses operating in the UAE. Khalil Alami, Founder and Chief Executive Officer of Telr, said: 'At Telr, our mission has always been to simplify digital commerce and equip entrepreneurs with everything they need to succeed. With Telr Incepta, we are taking that mission even further. From secure payments to setting up your business in the UAE to smart business tools, we are proud to be the one-stop shop for the UAE's e-commerce ecosystem.' Kashif Khan, Founder and Chief Executive Officer of Peko, said: 'With Telr Incepta, we are redefining how businesses launch, pay, spend, and operate. From setting up a company to managing payments, controlling expenses, and streamlining operations, we are empowering founders with world-class tools to build boldly from day one.' In addition to digital payments, Telr offers a suite of financial and business solutions tailored to the e-commerce sector. These include social commerce, QR code payments, digital invoicing, buy now pay later options, and flexible financing through Telr Finance.
