Abhi
ABHI is an early wage access platform that enables salaried employees to access a portion of their earned salary before the next payroll cycle. The platform aims to assist employees in avoiding late payment fees on bills, accessing emergency cash, and avoiding the need for expensive debt.
Founded in 2021, Abhi is an embedded finance platform that aims to financially empower businesses and their employees in Pakistan, Bangladesh, and the broader MENAP region. In most emerging markets, including Pakistan, SMEs have limited access to working capital financing and most individuals do not have access to personal credit. Abhi looks to fill these gaps by offering invoice factoring, payroll processing and financing, and earned wage access services to businesses and their employees. The company serves 400+ companies and recently issued Sukuk (or Sharia-compliant Islamic bonds) worth $6.8M in May 2023, becoming the region’s first fintech company to do so.