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.
This latest funding is an affirmation of confidence in ABHI’s services and reinforces its 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. To date, Abhi has provided approximately $55 million in earned wage disbursement services to more than 545,000 transactions in the UAE. With this strategic investment, Abhi is poised to play a pivotal role in promoting financial inclusion in the UAE.
Nathan Cowan, Head of Private Credit at Shorooq Partners, said: “We hope this funding will enhance financial inclusion and facilitate the disbursement of wages earned in the UAE through Abhi’s innovative technology.
