# Abhi

> Abhi is a MENAP embedded-finance company that started by letting salaried workers draw wages they have already earned before payday, and has grown into a full stack of employer-facing tools - earned wage access, payroll processing, payroll financing and invoice factoring - plus its own microfinance bank in Pakistan. Founded in 2021 by Omair Ansari and Ali Ladhubhai and backed by Y Combinator (S21), it now serves over a million people across thousands of companies in Pakistan, the UAE, Saudi Arabia and Oman, and was the first MENAP fintech named a World Economic Forum Technology Pioneer.

- **Founded:** 2021
- **Headquarters:** Dubai, United Arab Emirates (founded in Karachi, Pakistan)
- **Founders:** Omair Ansari (Co-Founder & CEO), Ali Ladhubhai (Co-Founder & COO)
- **Team size:** ~170 employees
- **Products:** Earned Wage Access (EWA), Payroll Processing, Payroll Financing, Invoice Factoring, SME Financing
- **Notable:** First fintech from the MENAP region to be named a World Economic Forum Technology Pioneer (2023), Backed by Y Combinator (Summer 2021 batch), First fintech in Pakistan to acquire a microfinance bank (FINCA, rebranded Abhi Microfinance Bank)

## Products & services

- **Earned Wage Access (EWA)** — Lets employees withdraw a portion (typically 15-20%) of wages they have already earned before payday, repaid the next cycle at a flat fee near 2%.
- **Payroll Processing** — End-to-end payroll disbursement for employers, forming the backbone that other Abhi services plug into.
- **Payroll Financing** — Short-term financing for companies to fund payroll and smooth their own cash flow.
- **Invoice Factoring** — Lets businesses unlock cash tied up in unpaid invoices, improving working capital for SMEs.
- **SME Financing** — Credit products for small and medium enterprises to reduce reliance on high-cost informal lending.
- **Abhi Microfinance Bank** — A licensed microfinance bank in Pakistan (formerly FINCA), giving Abhi its own deposit and lending rails and 100+ branches.

## Achievements

- First fintech from the MENAP region to be named a World Economic Forum Technology Pioneer (2023)
- Backed by Y Combinator (Summer 2021 batch)
- First fintech in Pakistan to acquire a microfinance bank (FINCA, rebranded Abhi Microfinance Bank)
- First Pakistani fintech to raise a PKR 2 billion Sukuk bond
- Selected for Mastercard Start Path
- Grew to 7,000+ partner companies and 1,000,000+ people served across four countries

## Latest updates

- **2024-10** — Secured $15M in credit financing led by Shorooq Partners and Amplify Growth Partnership to expand financial inclusion in the UAE.
- **2023** — Named World Economic Forum Technology Pioneer 2023 - first in the MENAP region - and raised a PKR 2 billion Sukuk bond.
- **2023** — Expanded operations into Saudi Arabia (via Alraedah) and Oman (via Daud Group), after entering the UAE and Bangladesh.

## Links

- Website: https://abhi.co
- LinkedIn: https://www.linkedin.com/company/abhifintech/

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Profile page: https://yespress.io/abhi-yc-s21
Published by YesPress — https://yespress.io
Last updated: 2026-08-03