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Abhi
AddedMar 17, 2024
UpdatedJun 18, 2026
Abhi

Abhi

Late Stage Private

Abhi: Pakistan's first platform for early salary access and financial wellness.

HQ
Karachi, Sindh, PK
Founded
2021
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
Website

Abhi, founded in Pakistan, is the country's first financial wellness platform focusing on early wage access. The company's core mission is to financially empower businesses and their employees by providing innovative financial solutions. Abhi offers products such as Earned Wage Access, Invoice Factoring, and Payroll Solutions, allowing salaried employees to draw a percentage of their accrued salary before the next payroll cycle. This helps employees avoid late payment fees, access emergency cash, and substitute expensive debt. Abhi operates on a B2B2C model, enabling companies to offer these services as part of their employee benefits program.

Notable affiliated individuals and investors include key figures in the fintech industry who have recognized the potential of Abhi's innovative approach. The company has achieved significant milestones, including being the first to introduce such financial solutions in Pakistan. Abhi's impact is evident in its ability to reduce financial stress for employees and improve cash flow management for businesses. By addressing critical financial needs, Abhi is transforming the financial landscape in Pakistan and setting a precedent for future fintech innovations in the region.

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Abhi - Quick Facts

Who are Abhi's competitors?

Companies similar to Abhi include Abhi, Payflow, Clockout and AWABAH.

When was Abhi founded?

Abhi was founded in 2021.

Where is Abhi's headquarters located?

Abhi's headquarters is located in Karachi, Sindh, PK.

When was Abhi's last funding round?

Abhi's most recent funding round was for $2B (USD) in May 2023.

How much has Abhi raised to-date?

As of May 12, 2023, Abhi has raised a total of $2B (USD).

How many employees does Abhi have?

Abhi has 115 employees as of Feb 24, 2024.

Abhi - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Pakistan
Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Enterprise
  • Small Business
Main Product
  • Financial Wellness
  • Payroll
Tags
  • Financial
  • SaaS
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 4 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice