RAKEZ Partners With Peko to Boost SME Digital Services

Photo: WAM

The Ras Al Khaimah Economic Zone (RAKEZ), one of the UAE’s leading business hubs, has formed a new partnership with UAE-based fintech company Peko. This exciting collaboration aims to help small and medium-sized businesses (SMEs) by giving them access to advanced digital tools that can make their daily operations easier, faster, and more efficient.

This partnership is a big step forward in RAKEZ’s mission to not only help companies start their business but also support them in their everyday tasks after they’re set up.

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What Is RAKEZ?

RAKEZ is a government initiative in Ras Al Khaimah that offers business setup and support services for local and international investors. Many companies, especially small and growing ones, choose RAKEZ because it provides a smooth, cost-effective, and business-friendly environment. RAKEZ offers office spaces, warehouses, and many other solutions that help businesses launch and grow confidently in the UAE.

Who Is Peko?

Peko is a well-known financial technology (fintech) company in the UAE. It is led by Kashif Khan, who is the founder and CEO. Peko builds smart automation tools that help businesses manage important tasks like paying employees, sending invoices, booking travel, and more—without needing to do it all by hand. The company is focused on helping businesses improve their efficiency, save time, reduce errors, and stay compliant with laws and financial rules.

What Does This Partnership Offer?

This partnership brings the best of both RAKEZ and Peko together. RAKEZ clients will now get access to Peko’s automation services directly through RAKEZ’s client portal. This means they don’t need to use multiple systems. Everything—from payroll to booking business travel—can now be done in one place, saving time and energy.

Here’s a look at some of the main services now available:

• Invoicing: Automatically send invoices to clients and track payments.

• Payroll: Pay employees on time without manual calculations.

• Utility Payments: Quickly pay for office electricity, water, and more.

• Business Travel Bookings: Easily arrange flights and hotels for work-related trips.

• Real-Time Dashboards: See how your business is doing financially at any moment.

• Automated Reports: Get important data and reports without doing it manually.

These tools are especially useful for SMEs who usually don’t have big teams to handle admin tasks. By using these tools, they can focus more on growing their business and less on paperwork.

Where Was the Partnership Signed?

The official signing of the partnership happened at Compass Coworking Centre, a modern office space that RAKEZ operates. It was signed by Kashif Khan, the Founder and CEO of Peko, and Ian Hunt, Chief Experience Officer (CXO) at RAKEZ.

This event marks the beginning of a partnership that could change how many small and medium-sized companies operate in the UAE.

What Did the Leaders Say?

Both RAKEZ and Peko’s leaders shared their thoughts on why this partnership is important.

Kashif Khan, Founder and CEO of Peko, said:

“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—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.”

His words highlight the ambition behind this move: not just to fix problems but to build a new standard of business operation for SMEs in the UAE and beyond.

Ramy Jallad, RAKEZ Group CEO, added:

“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.”

This statement shows RAKEZ’s long-term vision—to help companies grow smarter and faster by giving them modern digital tools.

Why Is This Important for SMEs?

Small and medium-sized businesses often struggle with managing day-to-day tasks like keeping track of expenses, paying bills, and staying up to date with reports. These tasks can take up a lot of time and may require hiring extra staff. With the new digital tools from Peko, all of this becomes much easier.

• Save Time: No need to manually create reports or invoices.

• Cut Costs: Fewer people needed for admin work.

• Increase Accuracy: Automated tools help avoid mistakes.

• Boost Growth: More time to focus on planning and growing the business.

This is especially helpful for startups and entrepreneurs who are still figuring out how to run their business effectively.

A New Direction for RAKEZ

With this move, RAKEZ is showing that it is more than just a place to register your business. It is becoming a full-service partner that helps business owners manage everything they need—from the first day of setup to the everyday running of operations.

Instead of just providing office space or legal documents, RAKEZ now also offers smart tools that help business owners succeed long-term.

This collaboration with Peko helps transform RAKEZ into a digital-first, client-focused business zone. It reflects the UAE's larger national goal of promoting technology, innovation, and ease of doing business for all entrepreneurs.

The partnership between RAKEZ and Peko is not just another business agreement. It is a step towards the future of business operations in the UAE. By offering digital automation services, RAKEZ is making life easier for business owners. Peko’s smart tools help businesses manage tasks faster, cheaper, and better.

This partnership sends a clear message: running a small business in the UAE is becoming more efficient, more digital, and more supportive than ever before.

For current and future RAKEZ clients, this means they now have more power in their hands to run their businesses smartly—and grow with confidence.

Whether you're a new entrepreneur or a growing startup, RAKEZ and Peko are now offering the tools you need to succeed in today’s digital world.