Karachi: TPL Corp Limited (PSX: TPL) and Abhi Private Limited have received final approval from the State Bank of Pakistan (SBP) to acquire a 94.8% stake in FINCA Microfinance Bank Limited. This approval comes as the companies proceed with their previously announced acquisition plans, marking a significant milestone in Pakistan’s microfinance landscape. According to a…
KARACHI: ABHI, a leading embedded finance platform, has partnered with FlowHCM, Pakistan’s fastest-growing HRM/HCM software, to offer employees of mutual clients a comprehensive suite of financial services. This includes real-time access to earned wages, payroll financing, and additional financial tools to enhance employees’ financial well-being. At the core of this partnership is a shared commitment…
Dubai: Pakistani fintech startup Abhi has secured $15 million in credit financing, a round led by Shorooq Partners and Amplify Growth Partnership. This funding will enable the company to scale its operations and expand its Earned Wage Access (EWA) services across the UAE, targeting both blue-collar and white-collar workers. In an official statement released on Wednesday, Abhi shared that the…
Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice…
ABHI has joined forces with EduFi to introduce the ‘Study Now, Pay Later’ initiative, offering a seamless solution for ABHI users to manage their children’s education expenses. This innovative program leverages Earned Wage Access (EWA) to allow users to spread the cost of education fees over convenient installments ranging from 3 to 12 months. The…
Karachi, Pakistan – June 24, 2024 – ABHI, a leading financial services provider, has announced a strategic partnership with Mastercard, a global technology company in the payments industry. This collaboration aims to introduce Mastercard-enabled Salary Advance Cards, a pioneering initiative in Pakistan. The Salary Advance Cards will provide employees with immediate access to their earned…
C Square, a leading provider of cloud-based customer experience solutions, today announced a strategic partnership with ABHI, a pioneering fintech company at the forefront of the embedded finance revolution. This collaboration aims to transform customer interactions within the fintech sector by deploying the Genesys Cloud contact center solution. Heritage of Excellence Meets Fintech Innovation C…
9th May 2024p Riyadh, KSA: Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group, is thrilled to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone in Alraedah’s commitment to fostering innovation and driving regional…
