Wednesday, June 19, 2024

ABHI, Pakistani Fintech, Sets Global HQ in Abu Dhabi for Expansion

ABHI, a trailblazer in SME lending solutions and a Pakistani fintech giant, is embarking on a new phase of expansion by establishing its global headquarters in Abu Dhabi. The move is supported by Hub71, Abu Dhabi's tech ecosystem, and is backed by the Abu Dhabi Investment Office (ADIO). ABHI, having joined Hub71 in 2022, aims to leverage the advantages of Abu Dhabi's vibrant marketplace and explore international growth opportunities.

The strategic decision aligns with Abu Dhabi's commitment to supporting companies across various growth stages through collaborations and partnerships. ABHI plans to collaborate with ADIO, Hub71's strategic partner, to navigate the FinTech landscape and tap into growth prospects in emerging markets. ADIO is known for providing extensive support, including setup facilitation, incentives, and connections to the Abu Dhabi ecosystem and global trade opportunities.

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Badr Al-Olama, Director General of ADIO, commended ABHI's rapid success, positioning it as an exemplar of how companies can start, scale, and succeed in Abu Dhabi. The collaboration aims to accelerate ABHI's growth beyond the Abu Dhabi market. ABHI's choice to establish its global headquarters in Abu Dhabi highlights the city's growing status as one of the fastest-growing technology ecosystems in the MENA region, ranking sixth globally.

Abu Dhabi has solidified its position as a top tech startup destination in the region, with over 260 startups raising AED 5.1 billion in funding and generating AED 3.5 billion in revenues since inception. ABHI is actively in talks with multiple UAE banks to introduce its innovative financial solutions, contributing to the broader UAE economy's growth.

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Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.
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