Abhi, a fintech startup based in Pakistan and UAE, has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Partnership.

More to Know:

• Abhi was founded by Omair Ansari in 2021.
• It provides solutions including earned wage access, payroll processing, payroll financing, and SME financing.
• The new funding will allow Abhi to scale its operations and further expand its earned wage access.

Related Comments:

• Nathan Kwon, Head of Private Credit at Shorooq Partners, said: “We hope that this facility further drives financial inclusion of underserved communities in the UAE through Abhi’s proprietary technology. With the support of Shorooq and Amplify, Abhi is poised to accelerate its growth and become a leading innovator in the region.”
• Sharaf Sharaf, Fund Head at Amplify Growth Partnership, added: “We are excited to co-lead this investment in Abhi, a company that is transforming financial services by providing underbanked individuals advanced access to their earned wages. Through innovative technology, Abhi is empowering both SMEs and their employees, addressing critical financial needs while democratizing financial services across our regions.”
• Omair Ansari, CEO and co-founder of Abhi commented: “This investment represents a strong vote of confidence from a prominent regional investor in the fintech space. With this funding, we are poised to scale our impact, ensuring that every employee, regardless of their role, has access to the financial flexibility they need to thrive”.