Abhi, a Karachi-based startup, that provides employees salary advances based on accrued wages, has raised $2 million for their seed round.
The funding round, led by VEF, the emerging market fintech investor, and Sarmayacar, the local lead, also included a number of international and local investors including Village Global, i2i Ventures, and Zayn Capital. This is Village Global’s first FinTech investment in Pakistan, according to a press statement issued by Abhi.
In Pakistan, many employees live paycheck to paycheck, and by the end of the month, most have exhausted their salaries on bill payments, household expenses and emergencies. Abhi, co-founded by Omair Ansari and Ali Ladhubhai, plans to transform the way people spend their money, aiming to become the first and largest…
