EDB Launches Digital Banking Platform for UAE Entrepreneurs

On the final day of the Make it in the Emirates 2025 forum, Emirates Development Bank (EDB) - the UAE’s primary financial institution supporting economic diversification and industrial growth, unveiled EDB 360, a fully digital and fee-free banking platform tailored to accelerate the ambitions of the country’s entrepreneurs and micro, small, and medium enterprises (MSMES).

A New Standard in Business Banking

EDB 360 is designed from the ground up to remove the common roadblocks faced by entrepreneurs. The platform eliminates banking fees, removes the need for a minimum balance, and simplifies the onboarding process. Through seamless integration with key UAE government systems, users can open a business account within minutes, dramatically reducing paperwork and freeing up time to focus on innovation and expansion.

H. E. Ahmed Mohamed Al Naqbi, CEO of EDB, said: "At EDB, our mission goes far beyond finance. We help businesses grow because when they grow, the UAE grows. With EDB 360, we’ve created a zero-bureaucracy, high-impact platform that gives entrepreneurs the flexibility, tools, and tailored support they need to build the businesses of tomorrow. By removing friction and expanding access to capital and advice, we’re helping turn bold ideas into real economic impact.”

Built in Collaboration with Key Ecosystem Players

The launch of EDB 360 is the result of strategic partnerships with prominent public and private sector organizations. These include the Ministry of Economy, Ministry of Industry and Advanced Technology (MoIAT), Sharjah Entrepreneurship Centre (Sheraa), Khalifa Fund, and the Department of Economy & Tourism (DET). EDB also teamed up with leading ecosystem partners like Visa, NymCard, Klaim, eFunder, Thoughtworks, and Trade Capital Partners to ensure robust support and accessibility for startups and growing businesses.

One App, Complete Control

Through a single mobile application, users can manage essential business functions such as payroll, invoicing, and payments. Real-time cash flow tracking and a suite of integrated fintech services provide added value, while the EDB Concierge feature delivers personalized support and expert guidance for business setup and growth.

Supporting National Growth Across Key Sectors

Entrepreneurs operating within EDB’s priority sectors gain access to customized tools, financial products, and sector-specific advice that help fast-track their growth. These tailored offerings align with the UAE’s broader mission to build a diversified and resilient economy driven by innovation and entrepreneurship.

Available Now on Mobile Devices

Now accessible on both iOS and Android, EDB 360 marks a significant leap forward in the UAE’s efforts to build a smarter, more dynamic startup ecosystem—making it easier than ever for entrepreneurs to launch, manage, and scale their businesses with confidence.