# Abhi Fintech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abhi-fintech

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.abhi.co/
- Total disclosed funding: $19M
- Latest round: Series A (Apr 14, 2022)
- Investors on record: 12

## About

Based in the UAE, Abhi Fintech Limited specializes in innovative financial technology solutions aimed at enhancing personal finance management for users.Abhi Fintech Limited, founded in 2021, is headquartered in Dubai, United Arab Emirates, and focuses on providing comprehensive financial management tools. The company has successfully closed 4 deals, with the most recent transaction occurring on October 16, 2024. In this round, Abhi raised USD 17.00 mn during its SERIES A funding, led by Speedinvest, with participation from several investors including FJ Labs and Global Ventures. The company is co-led by CEOs Jeff Stone and Omair Ansari.Abhi.co offers a suite of financial technology solutions designed to streamline personal finance management for users. Their core product focuses on providing users with tools for budgeting, tracking expenses, and optimizing spending habits. The platform addresses common financial challenges such as lack of visibility into spending patterns and difficulties in saving for financial goals. Their services cater to a diverse clientele, including individual consumers and small businesses across key markets in North America and Europe.Abhi.co's revenue structure is primarily based on a subscription model, where users pay for access to premium features of their financial management platform. This includes various pricing tiers that cater to diverse customer needs. The flagship service, featuring personalized financial insights and advanced budgeting tools, is central to revenue generation. Additionally, partnerships with financial institutions may further enhance revenue through integrated services and promotional offers.In October 2024, Abhi Fintech Limited raised USD 15.00 mn in venture debt funding co-led by Shorooq Partners and Ajeej Capital. The company plans to utilize this funding to scale its operations and expand its earned wage access (EWA) services to both blue- and white-collar workers in the UAE. This strategic expansion aims to increase accessibility and support for a broader range of workers.

## Funding rounds

- Series A, Apr 14, 2022, $17M — Speedinvest, FJ Labs, Sarmayacar, VentureSouq, Global Ventures, I2I Ventures, Sturgeon Capital, Fatima Gobi Ventures, VEF, Rally Cap
- Seed, Jun 7, 2021, $2M — Sarmayacar, Village Global, I2I Ventures, VEF, Zayn VC

## Investors

- Sarmayacar (https://capitalatlas.ai/funds/sarmayacar) — Seed, Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- I2I Ventures (https://capitalatlas.ai/funds/i2i-ventures) — Seed, Series A
- VEF (https://capitalatlas.ai/funds/vef) — Seed, Series A
- Zayn VC (https://capitalatlas.ai/funds/zayn-vc) — Seed
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Series A
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Series A
- Sturgeon Capital (https://capitalatlas.ai/funds/sturgeon-capital) — Series A
- Fatima Gobi Ventures (https://capitalatlas.ai/funds/fatima-gobi-ventures) — Series A
- Rally Cap (https://capitalatlas.ai/funds/rally-cap) — Series A