ABHI, TPL Corp Acquire Finca Microfinance Bank

In a landmark development for the financial services sector, ABHI &
TPL have officially completed the acquisition of FINCA Microfinance
Bank Limited. The final signing ceremony took place in the presence of
prominent leaders from both organisations and key stakeholders,
including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp
Limited, and Jeffery Smith, Vice President – Chief Administrative
Officer of FINCA. The event marked the formal conclusion of this
strategic partnership, which aims to expand access to innovative
financial solutions and accelerate financial inclusion across
Pakistan.

Four years ago, two individuals dared to dream of a Pakistan where
financial access wasn’t a privilege but a right. This vision gave rise
to ABHI, a fintech born in 2021 to transform financial wellness for
millions. Founded in response to a pressing need for financial
accessibility, ABHI initially addressed the gap through Earned Wage
Access (EWA), empowering employees with real-time access to their
earned salaries. Since then, the company has expanded its offerings to
include a comprehensive suite of financial solutions, such as payroll
services and SME financing, addressing broader economic challenges for
individuals and businesses alike.

ABHI’s growth trajectory has been remarkable, driven by the
collaboration of two founders—one deeply rooted in Pakistan’s
financial landscape and the other armed with global expertise in
financial inclusion across nine emerging markets. This synergy has
enabled the company to reshape financial access for millions, setting
new benchmarks in the fintech landscape. From its beginnings in
Pakistan to its expansion into the UAE and KSA, ABHI has continuously
innovated, offering solutions that make financial wellness more
inclusive and accessible.

Adding to the achievements, ABHI has become the first fintech company
in Pakistan to be invited to participate in Davos 2025. Further
strengthening its growth story, ABHI recently raised its pre-series B
round of $25 million, with a mix of equity and debt. This funding will
accelerate the expansion of its financial services internationally,
showcasing ABHI’s dedication to broadening its reach and impact beyond
Pakistan’s borders. Additionally, the shareholders have jointly
injected 2.6 Bn PKR into FINCA as part of its acquisition. This
capital injection demonstrates their commitment to expanding financial
services in Pakistan and reflects strong confidence in the
partnership’s ability to drive innovation and financial inclusion,
marking a transformative shift in the country’s microfinance industry.

Together, these three entities are set to redefine financial inclusion
in the country. By integrating ABHI’s digital solutions, FINCA’s
extensive microfinance network, and TPL Corp’s diversified expertise
across retail, insurance, and technology, the partnership paves the
way for a new era of accessible and innovative financial services.

Over the last decade, FINCA Pakistan has empowered millions of
Pakistani families through lending, savings, and financial education.
FINCA Pakistan has consistently been recognized for customer
experience excellence and has brought several innovations to the
microfinance market, including the country’s first mobile-network
agnostic digital wallet. With a presence in more than 100 cities
throughout the country, the bank has made significant advancements in
empowering women entrepreneurs.

This acquisition enables ABHI to build upon a strong foundation,
introducing a range of 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 is poised to
bring a more integrated digital banking experience to millions of
Pakistanis.

“At Abhi, our mission has always been to create accessible financial
solutions for everyone,” said Omair Ansari, CEO and Co-Founder of
ABHI. “This acquisition represents a significant leap forward,
allowing us to reach communities that have historically been excluded
from the financial system. Together with TPL and FINCA, we are
determined to transform financial access across Pakistan.”

“FINCA Pakistan has played a critical role in advancing financial
inclusion, empowering millions through lending, savings, and financial
education,” said Jeff Smith, Chair of the FINCA Pakistan Board of
Directors. “As we exit the market as part of a strategic effort to
optimize our global portfolio, we are confident that TPL and Abhi will
build on FINCA’s legacy. By combining their expertise and innovation,
this partnership will accelerate financial inclusion in Pakistan,
particularly for women and small entrepreneurs, empowering them to
improve their livelihoods and contribute to the nation’s economic
growth.”

Ali Jameel, CEO of TPL Corp Limited commented, “At TPL, our commitment
to innovation and impact drives everything we do. Joining forces with
ABHI and FINCA enables us to redefine financial access, combining our
technological prowess with their deep-rooted expertise. This milestone
is a step toward building a more inclusive financial ecosystem that
empowers millions across Pakistan and beyond.”

This acquisition aligns with ABHI’s ambition to allow the company to
manage funds independently, reduce reliance on external banking
partners, and strengthen its balance sheet. It also marks the start of
an exciting new chapter for Pakistan’s fintech sector, showcasing the
transformative potential of collaborative innovation. Further updates
on the new financial products and services will be shared in the
coming months as the partnership works to drive meaningful change
across the nation.