Pakistani fintech ABHI secures $15 million investment to expand services in UAE 

ISLAMABAD: Pakistani fintech ABHI secured a whopping $15 million in debt financing through a credit facility by Shorooq partners and Amplify Growth Partnership companies to expand its operations in the United Arab Emirates, a press release issued by the fintech said on Wednesday. 
ABHI is a Pakistani fintech company that provides employers an opportunity to withdraw their earned salary any day through its Earned Wage Access facility and other products. Founded in 2021, ABHI has been serving customers in Pakistan, UAE, and Bangladesh through its credit-bridging products. Last year, it was selected as one of the Future 100 companies of the UAE. 
UAE-based investor Amplify Growth Partnership Amplify funds visionary entrepreneurs and their venture capital partners with flexible growth debt capital, focusing particularly on tech-driven companies who reshape the Gulf Cooperation Council and Middle East and North American areas. Shorooq Partners, also headquartered in the UAE, is a leading alternative investment manager in the MENA region. 
“Abhi, a leading fintech company seeking to enhance financial inclusion for employees and small and medium-sized enterprises (MENAP) in the Middle East, North Africa and Pakistan (MENAP) region, has secured $15 million in debt financing through a credit facility led by Shorooq Partners and Amplify Growth Partnership,” a press release from ABHI said. 
It said the funding reinforces ABHI’s leadership position in the region’s rapidly evolving fintech sector. 
“This funding will enable ABHI to expand its operations and provide paid services to meet the needs of the country’s workforce,” it said, adding that the fintech has provided approximately $55 million in earned wage disbursement services to over 545,000 transactions in the UAE till date.
ABHI CEO and Co-founder Omair Ansari described the investment as a “strong vote of confidence from prominent fintech investors.” 
“With this funding, we are ready to expand our impact, ensuring that every employee, regardless of role, has the financial flexibility they need to succeed,” he said. 
Nathan Cowan, the head of private credit at Shorooq Partners, hoped the funding would enhance financial inclusion and facilitate disbursement of wages earned in UAE through innovative technology. 
“With the support of Shorook and Amplify, Abhi is poised to accelerate its growth and become a leading innovator in the region,” Cowan said.