Pakistani fintech ABHI selected for global startup program

Pakistan’s fintech company ABHI has been selected as one of the eight startups worldwide to join Mastercard Start Path’s Small Business program, according to a statement.

This program, by the global payment gateway, supports startups in scaling their business and developing products for small businesses globally. According to Mastercard, the program has supported over 500 startups in 55 countries, which have gone on to raise more than $25 billion in capital.

ABHI, founded in 2021, aims to “increase financial inclusion” across Pakistan and the MENA region. The company has served over 1 million users in Pakistan, the UAE, Saudi Arabia, and Oman through credit-bridging products. So far, the company has onboarded over 5,000 companies and processed approximately 5 million transactions, with a total value exceeding $500 million globally.

ABHI allows instant access to salary, bill payments, mobile top-ups, and buy now pay later facility. It also offers payroll, invoicing, and digital payments to employers and small businesses.

As part of the program, ABHI will have the opportunity to collaborate with Mastercard’s product and innovation teams, receive mentorship, and gain access to Mastercard’s extensive network of partners to accelerate the impact of its solutions for businesses and employees across emerging markets.

Omair Ansari, the co-founder and CEO of ABHI, said the company aims to streamline financial resources to meet the needs of individuals and businesses.

“My vision for the future is financial technology that helps people everywhere with instant access to the resources they need to grow, thrive, and achieve their goals,” Omair added.