• About
  • Advertise
  • Contact
Wednesday, August 17, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Pakistani startup ‘Abhi’ raises $2 million to launch salary advance app for employees

byMuhamad Arshad
June 7, 2021
in Business, Economy, Entrepreneurship
Reading Time: 1 min read
0
Abhi
369
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Abhi, a Karachi-based startup, that gives employees salary advances based on accrued wages, has raised $2 million for their seed round.

The funding round, led by VEF, the emerging market fintech investor, and Sarmayacar, the local lead, additionally included a number of worldwide and local investors including Village Global, i2i Ventures, and Zayn Capital. That is Village Global’s first FinTech investment in Pakistan, according to a press statement issued by Abhi.

RelatedPosts

Industrial production increased by 11.7 % in 2021-22: PBS

Pakistan-Iran Freight Train Service Partially Restored: Officials

Ogra inform 3pc cut in RLNG price for August

In Pakistan, many employees stay paycheck to paycheck, and by the end of the month, most have exhausted their salaries on bill payments, household bills and emergencies. Abhi, co-founded by Omair Ansari and Ali Ladhubhai, plans to transform the way individuals spend their money, aiming to become the primary and largest financial wellness platform in Pakistan.

Co-founder Ansari, who previously advised and invested in fintech options in emerging & frontier markets, noted, “We believe financial wellness and access to credit are basic human rights, which we goal to bring to all our customers. Our goal is to digitise consumer credit, address pain points in the manual payments process and be there when consumers need us most. Your wage is your right, and we would like you to have access to it abhi (right now).”

Tags: AbhiE-CommerceEmployeesFintechPakistani startupsalary advance appSarmayacarVEFZayn Capital
Muhamad Arshad

Muhamad Arshad

Related Posts

Industrial production increased by 11.7 % in 2021-22 PBS

Industrial production increased by 11.7 % in 2021-22: PBS

According to data from the Pakistan Bureau of Statistics (PBS), industrial production increased by 11.7% in the fiscal year 2021–2022...

Pakistan-Iran Freight Train Service Partially Restored: Officials

Pakistan-Iran Freight Train Service Partially Restored: Officials

Freight Train service between Pakistan and Iran, which remain suspended for the last 25 days, has been partially restored, Said...

Next Post
Google

France penalizes google of 200 Million euros

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ex-cop risks his life to thwart car-theft attempt in Pindi

Ex-cop risks his life to thwart car-theft attempt in Pindi

At least 20 killed, 6 injured in fiery bus-tanker collision on Multan-Sukkur Motorway

At least 20 killed, 6 injured in fiery bus-tanker collision on Multan-Sukkur Motorway

Industrial production increased by 11.7 % in 2021-22 PBS

Industrial production increased by 11.7 % in 2021-22: PBS

CM Punjab Hands Over Modern Machinery, Vehicles To Rescue 1122

CM Punjab Hands Over Modern Machinery, Vehicles To Rescue 1122

Death anniversary of Ustad Nusrat Fateh Ali Khan being observed today

Death anniversary of Ustad Nusrat Fateh Ali Khan being observed today

KP Govt to Develop Modern Sports Complex in Havelian

KP Govt to Develop Modern Sports Complex in Havelian

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In