Abhi Secures $15M Debt Facility From Shorooq Partners to Grow Earned-Wage Access
Fintech Abhi has secured a $15 million credit facility led by Shorooq Partners and Amplify Growth Partnership. Abhi provides earned-wage access, letting employees draw earned salary on demand. It operates across Pakistan, the UAE and Bangladesh.
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Abhi offers earned-wage access and related credit-bridging products aimed at financial inclusion, allowing employees to withdraw earned wages on demand. The $15 million debt financing was led by Shorooq Partners and Amplify Growth Partnership.
The company operates in Pakistan, the UAE and Bangladesh and says it has processed roughly $55 million in earned-wage disbursements across more than 545,000 transactions in the UAE to date. The facility will support continued expansion of its lending products.