About Abhi
Abhi is a company based in Karachi (Pakistan) founded in 2021. It operates as a FinTech, and Subscription Services. Abhi has raised $19.13 million across 4 funding rounds from investors including Speedinvest, FJ Labs and Shorooq Partners. Abhi offers products and services including Abhi Salary, Abhi Payroll, Abhi Kaarobar, and Abhi Pay. Abhi operates in a competitive market with competitors including Clair, EZ Wage and MARSH FIN, among others.
- Headquarter Karachi, Pakistan
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Abhi (Private) Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.13 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Oct 17, 2024
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Investors
Speedinvest
& 14 more
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Employee Count
Employee Count
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Products & Services of Abhi
Abhi offers a comprehensive portfolio of products and services, including Abhi Salary, Abhi Payroll, Abhi Kaarobar, and Abhi Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instant salary access is provided via app or SMS.
User-friendly payroll software is offered for easy processing.
Quick financing solutions are provided for business cash flow.
Payment processing services are facilitated through this gateway.
Funding Insights of Abhi
Abhi has successfully raised a total of $19.13M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(01 Sep 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Debt – Conventional - Abhi | Valuation |
investors |
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| Apr, 2022 | Amount | Series A - Abhi | Valuation | Speedinvest | |
| Nov, 2021 | Amount | Seed - Abhi | Valuation | Global Ventures , VEF |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abhi
Abhi has secured backing from 15 investors, including venture fund investors. Prominent investors backing the company include Speedinvest, FJ Labs and Shorooq Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments in tech companies are made by Shorooq Partners.
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Founded Year | Domain | Location | |
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Flexible debt capital is provided for tech-driven companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abhi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abhi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abhi Comparisons
Competitors of Abhi
Abhi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clair, EZ Wage and MARSH FIN, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Employee benefits are managed via real-time wage tracking and access.
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| domain | founded_year | HQ Location |
Offers comprehensive financial and business advisory services to clients worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abhi
Frequently Asked Questions about Abhi
When was Abhi founded?
Abhi was founded in 2021.
Where is Abhi located?
Abhi is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Abhi a funded company?
Abhi is a funded company, having raised a total of $19.13M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Sep 01, 2021.
What does Abhi do?
Abhi is established as a fintech company based in Pakistan, focusing on financial empowerment for businesses and employees. Solutions such as Earned Wage Access, Payroll Processing, Invoice Factoring, and Payment Gateway services are provided. The company operates within the financial services sector, targeting innovative digital payment solutions and business financing. Partnerships with various organizations are maintained to enhance employee financial well-being.
What products or services does Abhi offer?
Abhi offers Abhi Salary, Abhi Payroll, Abhi Kaarobar, and Abhi Pay.
Who are Abhi's investors?
Abhi has 15 investors. Key investors include Speedinvest, FJ Labs, Shorooq Partners, VEF, and Amplify Growth.
What is Abhi's valuation?
The valuation of Abhi is $90M as of Apr 2022.