Business Reporter
Karachi: ABHI, a Pakistan-founded neobank that provides earned wage access and SME financing solutions, has been selected as one of eight startups globally to join Mastercard’s Start Path Small Business program.
The highly competitive program supports innovative startups in scaling digital solutions that enable simple, smart, and secure financial experiences for small businesses. Other companies in the new cohort include INI, SiFi, TogoAgro, TurnKey Lender, Conduiit, Tracflo, and Morado.
ABHI co-founder and CEO Omair Ansari said the company was founded to address outdated financial systems and limited access to credit that constrain individuals and businesses in emerging markets. “My vision for the future is financial technology that helps people everywhere with instant access to the resources they need to grow, thrive, and achieve their goals,” he said.
Founded in 2021, ABHI has expanded operations to Pakistan, the UAE, Saudi Arabia, and Oman, serving over one million users across industries such as textiles, manufacturing, healthcare, and technology. The company has onboarded more than 5,000 firms and processed about five million transactions, with a total value exceeding $500 million, offering instant liquidity to employees when required.
Through Mastercard’s Start Path program, ABHI will collaborate with Mastercard’s product and innovation teams, gain mentorship, and access the company’s global partner network to expand its impact across emerging markets.
