This acquisition aims to expand access to
innovative financial solutions and accelerate
financial inclusion across Pakistan
Business Reporter
Karachi: ABHI and TPL Corp have officially completed the acquisition of FINCA Microfinance Bank Limited. The final signing ceremony, attended by key figures including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp Limited, and Jeffery Smith, Vice President of FINCA, marked the formal conclusion of this strategic partnership. This acquisition aims to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan.
A Vision for Financial Access
The partnership began four years ago with a shared vision: to make financial access a right, not a privilege. This vision led to the creation of ABHI in 2021, a fintech company designed to transform financial wellness for millions. Initially focused on Earned Wage Access (EWA), ABHI enabled employees to access their earned wages in real time. Since then, ABHI has expanded its offerings to include payroll services and SME financing, addressing broader economic challenges for individuals and businesses.
ABHI’s Rapid Growth and International Expansion
ABHI’s growth has been remarkable, driven by the collaboration of two founders: one deeply rooted in Pakistan’s financial landscape and the other with global expertise in financial inclusion. This synergy has allowed ABHI to set new benchmarks in the fintech landscape. From its beginnings in Pakistan, ABHI has expanded into the UAE and KSA, continuously innovating to provide inclusive financial wellness.
ABHI’s recent achievements include becoming the first fintech company in Pakistan invited to Davos 2025 and raising a $25 million pre-series B round. The funding will help accelerate ABHI’s international expansion and enhance its financial services globally.
Capital Injection and Partnership Strengthening
The shareholders have also injected 2.6 billion PKR into FINCA as part of the acquisition, underscoring their commitment to enhancing financial services in Pakistan. This partnership, combining ABHI’s digital solutions, FINCA’s microfinance network, and TPL Corp’s diversified expertise, is set to reshape the financial landscape, driving innovation and improving financial inclusion.
FINCA’s Legacy and Empowering Women Entrepreneurs
FINCA Pakistan has a strong history of empowering millions of Pakistani families through lending, savings, and financial education. Known for its customer experience excellence, FINCA introduced Pakistan’s first mobile-network-agnostic digital wallet. With a presence in over 100 cities, FINCA has been instrumental in supporting women entrepreneurs and advancing financial inclusion.
A New Era of Financial Solutions
This acquisition will enable ABHI to enhance its services, including gold-backed loans, salary advances, savings accounts, and value-added offerings like bill payments. By leveraging FINCA’s branchless banking infrastructure and introducing an AI-powered credit scoring system, ABHI aims to create a seamless digital banking experience for millions of Pakistanis.
Transforming Financial Access for All
Omair Ansari, CEO of ABHI, stated, “This acquisition marks a significant leap forward in our mission to make financial solutions accessible for everyone. Together with TPL and FINCA, we are committed to transforming financial access across Pakistan.”
Jeffery Smith, Chair of the FINCA Pakistan Board of Directors, added, “As FINCA exits the market to optimize our global portfolio, we are confident that ABHI and TPL will build on our legacy. This partnership will accelerate financial inclusion, particularly for women and small entrepreneurs.”
Ali Jameel, CEO of TPL Corp Limited, commented, “At TPL, we are committed to innovation and impact. Partnering with ABHI and FINCA enables us to redefine financial access, combining technological expertise with deep-rooted industry knowledge.”
Strengthening Pakistan’s Fintech Sector
This acquisition marks a significant milestone for ABHI and the fintech sector in Pakistan, enabling the company to reduce its reliance on external banking partners and strengthen its balance sheet. As the partnership unfolds, more financial products and services will be introduced to further drive meaningful change in Pakistan’s financial ecosystem.
