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ABHI secures $15 million credit facility

2024-10-21
ABHI, a fintech company seeking to enhance financial inclusion for employees and small and medium-sized enterprises in the Middle East, North Africa and Pakistan (MENAP) region, has secured $15m in debt financing through a credit facility led by Shorooq Partners and Amplify Growth Partnership, as per a press release.

This funding will enable ABHI to expand its operations and provide paid services to meet the needs of the country`s workforce. To date, Abhi has provided approximately $55m in earned wage disbursement services to more than 545,000 transactions in the UAE. •