Pakistan’s fintech pioneer, Abhi, has raised $15 million in credit financing to further expand financial inclusion in the UAE, with the deal being co-led by Shorooq Partners and Amplify Growth Partnership. This strategic investment empowers Abhi to continue its mission of providing earned wage access (EWA) and financial services to underserved communities.
🔥 Key Highlights:
- $15M Financing: Led by Shorooq Partners and Amplify Growth Partnership.
- Targeting Underserved Communities: Focus on bringing financial inclusion to the blue- and white-collar workforce in the UAE.
- Rapid Expansion: After making waves in Pakistan, Bangladesh, and now the UAE, Abhi is on a growth trajectory!
💬 What Leaders Are Saying
Nathan Kwon, Head of Private Credit at Shorooq Partners, said:
“This facility will further drive financial inclusion of underserved communities in the UAE through Abhi’s proprietary technology.” 💡
Sharaf Sharaf, Fund Head at Amplify Growth Partnership, added:
“Abhi is transforming financial services by providing underbanked individuals advanced access to their earned wages.” 🎯
Omair Ansari, CEO and co-founder of Abhi, emphasized:
“This investment is a strong vote of confidence in our mission. We’re poised to scale our impact, ensuring every employee has access to the financial flexibility they need to thrive.” 💪
🚀 Abhi’s Success So Far
- Valuation Growth: Abhi’s valuation hit $90 million in just two years!
- Global Recognition: Awarded Technology Pioneer 2023 by the World Economic Forum and recognized as one of the Future 100 companies of the UAE.
- Strategic Partnerships: Collaborating with 550+ companies in the region and becoming part of Hub71—Abu Dhabi’s global tech ecosystem.
📊 Impact in Numbers
- $55 million in EWA provided across 545,000 transactions in the UAE.
- Expansion into Bangladesh and UAE has amplified Abhi’s footprint, empowering the MENAP region (Middle East, North Africa, Pakistan) with financial inclusion solutions.
