KARACHI: ABHI and TPL Corp shareholders have jointly injected Rs2.6 billion in Finca as part of its acquisition, a statement said on Tuesday.
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.
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, highlighting ABHI’s dedication to broadening its reach and impact beyond Pakistan’s borders. Over the last decade, Finca Pakistan has empowered millions of Pakistani families through lending, savings and financial education. It has consistently been recognised 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 Chair of the FINCA Pakistan Board of Directors Jeff Smith. “As we exit the market as part of a strategic effort to optimise our global portfolio, we are confident that TPL and Abhi will build on Finca’s legacy.”
CEO of TPL Corp Limited Ali Jameel 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.”
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