Abhi Analysis: $17M Raised
What is Abhi?
Abhi is a fintech company in Pakistan offering Earned Wage Access, Invoice Factoring, and Payroll Solutions to empower businesses and employees financially.
Employees
10
Founded
2021
Revenue
$5-17.2M
ZoomInfo
Product Features & Capabilities
- Earned Wage Access, Payroll Solutions, Invoice Factoring, Business Financing
- Key features include instant access to earned salary via app or SMS, user-friendly payroll software for easy data upload, quick financing services for businesses.
Pricing
- Flat Rs. 150 charged per transaction for salary access, regardless of the amount.
- No sign-up or subscription fee for employees or companies.
- Employees can access up to 50% of their earned salary by default, which can be adjusted by the company.
How much Abhi raised
Series A - $17 million
April 19, 2022Lead Investor: Speedinvest and others
Who are the founders of Abhi
OA
Omair Ansari
Founder
AL
Ali Ladhubhai
Founder
Competitors Overview
Abhi operates in the fintech sector in Pakistan, focusing on services like Earned Wage Access (EWA), Invoice Factoring, and Payroll Solutions. Its main competitors include:
- AdalFi: This fintech company offers a range of financial services, including EWA and invoice financing. AdalFi differen
Market Focus
Abhi primarily focuses on the fintech industry, providing services such as Earned Wage Access, Invoice Factoring, and Payroll Solutions.
Investors
- Shorooq Partners
- Amplify Growth Partnership
- TPL Corp (involved in the acquisition of FINCA Microfinance Bank)
Business Model
Revenue from interest on salary advances and employer partnerships; operates via a mobile app.
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