UAE-based fintech Abhi has just secured $15 million in a significant funding round led by regional tech investors Shorooq Partners and Amplify Growth Partnership. This investment is set to boost Abhi’s operations and enhance its earned wage access (EWA) solutions, catering to both blue- and white-collar workers in the UAE.
Empowering Workers with Early Wage Access
Abhi specializes in providing earned wage access, a financial service designed primarily for low-wage and hourly workers. This innovative solution allows employees to access a portion of their earned wages before the official payroll date, offering much-needed financial flexibility.
Since its inception, Abhi has facilitated $55 million in EWA for workers across the UAE, completing an impressive 545,000 transactions. With the latest funding, the company aims to expand its reach and improve financial well-being for even more employees in the region.
This funding round not only marks a pivotal moment for Abhi but also highlights the growing demand for fintech solutions that support financial inclusion and empower workers in the modern economy.
