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RAKBANK Launches A Much Awaited Digital Community Platform For SMEs In The UAE Called ’SMEsouk’ (6 November 2019)


SMEsouk is the perfect digital medium that links SMEs with a list of innovative solutions that will help their businesses thrive

Recognizing the importance of creating a flourishing ecosystem and environment for SMEs, RAKBANK launches a commitment to support small businesses through an exceptional digital community platform called SMEsouk. The platform’s core focus is to support SMEs by connecting them with complimentary industries for a comprehensive suite of non-banking value added services such as licensing, accounting, insurance, trade requirements, and more.

The digital community platform serves SMEs in the UAE by addressing the challenges and pain points of conducting business. Similarly, SMEsouk directs users and customers to offers and unique financial packages available in just a few simple clicks. Likewise, customers will also be able to read through all the latest news, insight and information on what’s shaping the world of business from diverse industries as well as access to a lot of tips and ideas that SMEs can incorporate to help nurture their business’s growth.

Dhiraj Kunwar, Managing Director of Business Banking at RAKBANK, said:

“RAKBANK has partnered with reputable Government and Private Entities to help create a digital ecosystem that we can constantly update and enhance to help in delivering a comprehensive suite of non-banking value added services that fulfils the needs of the business customers of tomorrow, our Business Banking customers may also take advantage of the preferential terms that our partners will offer them. We believe and are proud to say that the SME experience with RAKBANK is constantly transforming and growing as we look forward to being a part of SMEs journey as they grow."

Peter England, RAKBANK CEO, said:

"We are the leading SME bank in the country, and this is because SME needs and requirements are placed at the core of our strategy. At RAKBANK, we believe in supporting SMEs and our new digital initiative offers a wide range of services and solutions that helps them reach their full potential. We have partnered with a number of service providers in areas such as licensing requirements, accounting solutions, insurance, trade solutions and more to provide a range of value added services to our clients. We look forward to growing and developing the range of services and products on SMEsouk which ultimately will bring benefit to all of our clients in the SME ecosystem.”



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