ISLAMABAD: Pakistani fintech trailblazer ABHI has established its global headquarters in Abu Dhabi, joining forces with the powerhouse – Abu Dhabi Investment Office (ADIO) – to amplify its global reach and revolutionize financial access for businesses and employees.
This strategic partnership marks a pivotal moment for ABHI, a 2023 World Economic Forum Technology Pioneer and recent UAE Future 100 champion. This move isn’t just about geographical expansion; it’s also about aligning with Abu Dhabi’s vibrant tech ecosystem and ADIO’s visionary leadership, said an executive member at ABHI Fintech, while talking to media on the condition of anonymity.
“ABHI will leverage this dynamic environment to fuel firm growth and innovation, and to solidify the firm’s position as an embedded finance leader,” he said.
“The collaboration promises not only regional success but also opens up avenues for economic growth and financial inclusivity, showcasing the potential for mutual benefit and highlighting Pakistan’s role in this transformative partnership,” he added.
ABHI empowers both the employers and employees through innovative solutions. Their award-winning Earned Wage Access (EWA) allows employees to withdraw earned salaries in real-time, while employers benefit from streamlined payroll and SME financing services. With over 500 companies served globally, ABHI’s impact is rapidly expanding.
“ABHI showcases the phenomenal speed and success achievable in Abu Dhabi. Their journey from Hub71 to ADIO collaboration exemplifies commitment to propelling ambitious companies like ABHI towards regional and global success,” he highlighted.
ADIO plays a crucial role in attracting and nurturing investors across the UAE capital. Recognized as one of the fastest-growing technology ecosystems in MENA (Start-up Genome & Global Entrepreneurship Network), Abu Dhabi boasts over 260 start-ups, attracting AED 5.1 billion in funding and generating AED 3.5 billion in revenue.
With its focus on SME lending solutions, ABHI holds immense potential to fuel economic growth across the UAE.
Discussions with leading UAE banks are underway to roll out ABHI’s innovative solutions, further strengthening the nation’s financial landscape.
The executive member said ABHI’s relocation to Abu Dhabi underscored the region’s commitment to fostering innovation, setting the stage for unprecedented growth opportunities and a global wave of financial empowerment. –INP
