“Abhi,” a salary advance startup, raised $2 million in s

To make consumer spending healthier and efficient, “Abhi” has been working hard to raise capital and provide advance salaries to employees based on their accrued wages to avoid the “mass spending” at the end of each month. Omair Ansari and Ali Ladhubhai, Abhi’s co-founders, believe that if the complete salary is received in one go, most of it gets spent on utility and other billings. With “Abhi,” the employees can make their salary spending plan efficient.

Abhi received the investments from VEF, an emerging Fintech investor, Sarmayacar, followed by multiple local and international investors, including i2i Ventures, Zayn Capital, and Village Global. Important to note here is that this is Village Global’s first FinTech investment which indicates the high perception of ‘Abhi’ by the market.

‘Abhi’ plans to use this investment in developing its “salary advance app,” which will further make it easier for the employees to withdraw advance salaries without going through much hassle.

With Abhi, the company’s HR will incur no additional costs; instead, it will motivate the employees to work even harder and improve their performance.

Currently working with a total of 10 employees, the startup is looking forward to the expansion. The aim of Omair Ansari and Ali Ladhubhai, co-founders of Abhi, is to become the first and largest financial wellness platform of Pakistan.

Abhi serves as an excellent example for startups to always start small, aim higher and work harder.