Pakistani Fintech ABHI Acquires Major Stakes in FINCA Microfinance Bank 

After expanding its operations in the United Arab Emirates and the Kingdom of Saudi Arabia, Pakistani fintech ABHI has acquired major stakes (61.61%) in FINCA Microfinance Bank Limited.The final signing ceremony took place in the presence of prominent leaders from both organisations and key stakeholders, including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp Limited, and Jeffery Smith, Vice President – Chief Administrative Officer of FINCA. The event marked the formal conclusion of this strategic partnership, which aims to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan.Four years ago, two individuals dared to dream of a Pakistan where financial access wasn’t a privilege but a right. This vision gave rise to ABHI, a fintech born in 2021 to transform financial wellness for millions. Founded in response to a pressing need for financial accessibility, ABHI initially addressed the gap through Earned Wage Access (EWA), empowering employees with real-time access to their earned salaries. Since then, the company has expanded its offerings to include a comprehensive suite of financial solutions, such as payroll services and SME financing, addressing broader economic challenges for individuals and businesses alike.ABHI’s growth trajectory has been remarkable, driven by the collaboration of two founders—one deeply rooted in Pakistan’s financial landscape and the other armed with global expertise in financial inclusion across nine emerging markets. This synergy has enabled the company to reshape financial access for millions, setting new benchmarks in the fintech landscape. From its beginnings in Pakistan to its expansion into the UAE and KSA, ABHI has continuously innovated, offering solutions that make financial wellness more inclusive and accessible.Adding to the achievements, ABHI has become the first fintech company in Pakistan to be invited to participate in Davos 2025. Further strengthening its growth story, ABHI recently raised its pre-series B round of $25 million, with a mix of equity and debt. This funding will accelerate the expansion of its financial services internationally, showcasing ABHI’s dedication to broadening its reach and impact beyond Pakistan’s borders. Additionally, the shareholders have jointly injected 2.6 Bn PKR into FINCA as part of its acquisition. This capital injection demonstrates their commitment to expanding financial services in Pakistan and reflects strong confidence in the partnership’s ability to drive innovation and financial inclusion, marking a transformative shift in the country’s microfinance industry.Together, these three entities are set to redefine financial inclusion in the country. By integrating ABHI’s digital solutions, FINCA’s extensive microfinance network, and TPL Corp’s diversified expertise across retail, insurance, and technology, the partnership paves the wayor a new era of accessible and innovative financial servic