Abhi, a leading UAE-based fintech firm, has successfully raised $15 million in debt financing in a deal led by Shorooq Partners and Amplify Growth Partnership. The funds are set to fuel the company’s ambitious plans to expand its embedded finance solutions, which focus on providing on-demand access to earned wages and improving financial flexibility for employees across the region.

Transforming Financial Flexibility with Early Wage Access

Founded in 2021 by Omair Ansari and Ali Ladhubhai, Abhi has quickly positioned itself as a key player in the embedded finance sector. The company’s flagship service, Early Wage Access (EWA), offers employees the ability to access their earned wages before payday. By providing workers with financial flexibility, Abhi helps reduce the need for high-interest loans or other debt-heavy solutions, offering a lifeline to those facing unexpected financial pressures.

In addition to EWA, Abhi’s platform also includes payroll processing, payroll financing, and small and medium enterprise (SME) financing. The company's services have had a profound impact, with more than 750,000 individuals benefiting through partnerships with over 550 companies. This wide reach underscores Abhi's contribution to economic development and its efforts to foster positive social change in the region.

A History of Success and Support

This recent debt financing round is not the first significant funding milestone for Abhi. In 2022, the company raised $17 million in a Series A funding round led by Speedinvest, an international venture capital firm, along with contributions from prominent investors such as Global Ventures, VentureSouq, and VEF. Regional firms including Fatima Gobi Ventures, Sarmayacar, and i2i Ventures also participated in that round, highlighting the growing confidence in Abhi’s vision and potential.

Omair Ansari, CEO and co-founder of Abhi, expressed his enthusiasm for the latest investment, stating, “This funding reflects strong confidence from leading regional investors in the fintech space. With this backing, we are well-positioned to expand our impact, ensuring every employee, regardless of their role, has the financial flexibility they need to succeed.”

Investor Confidence in Abhi’s Mission

Shorooq Partners and Amplify Growth Partnership have shown strong support for Abhi’s mission to enhance financial inclusion across the UAE and beyond. Shorooq Partners, known for investing in high-growth companies that aim to create societal impact, is particularly focused on expanding access to financial services for underserved communities.

Nathan Kwon, Head of Private Credit at Shorooq Partners, emphasized the importance of Abhi's role in the region. “We hope this financing further enhances financial inclusion for underserved communities in the UAE through Abhi’s innovative technology. With our support, Abhi is set to accelerate its growth and become a leading fintech innovator in the region,” he said.

Amplify Growth Partnership echoed these sentiments, highlighting the scalability and relevance of Abhi's services in the rapidly evolving fintech landscape.

Expanding Horizons for Embedded Finance in the UAE

With its latest round of financing, Abhi is set to further enhance its technological capabilities and broaden its range of financial products. The company’s emphasis on embedded finance solutions, which integrate financial services into everyday business operations, is expected to drive significant growth in the coming years.

Abhi’s technology not only streamlines payroll and financing processes for businesses but also offers critical financial support to employees. The flexibility provided by services like EWA has the potential to improve employee satisfaction and reduce financial stress, particularly in regions where access to traditional banking services is limited.

Moreover, by providing SMEs with much-needed financing options, Abhi is helping to bridge a critical gap in the market, ensuring that smaller businesses have the resources they need to thrive in a competitive environment.

Abhi’s latest $15 million debt financing round marks an important milestone in its journey to revolutionize financial services across the Middle East. By addressing key financial challenges for both individuals and businesses, Abhi is helping to foster a more inclusive and supportive economic landscape in the UAE.

With backing from prominent investors like Shorooq Partners and Amplify Growth Partnership, Abhi is well-positioned to continue its growth and make a lasting impact on the region’s fintech sector. As the company expands its services and deepens its partnerships, Abhi remains committed to improving financial access and inclusion, ensuring that employees and businesses alike can benefit from its innovative solutions.