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Abhi and TPL Corp Announce Strategic Acquisition of FINCA Microfinance Bank

Karachi, Pakistan – September 20, 2024: Abhi Private Limited and TPL Corporation Limited have   entered into the agreement to acquire FINCA Microfinance Bank Limited, marking a major milestone in Pakistan’s financial services sector. Paving the way for significant advancements in financial inclusion.

By leveraging Abhi’s fintech capabilities and FINCA’s extensive reach, the combined entity will introduce a range of new financial services, all designed to empower individuals and businesses in both urban and rural areas. This strategic acquisition is part of a broader effort to create a more inclusive financial ecosystem, addressing the evolving needs of Pakistan’s underbanked population.

The acquisition agreement, solidified through the signing of a Share Purchase Agreement (SPA), is now pending regulatory approvals and requisite closing conditions. As the process moves forward, further updates to follow.

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ABHI is a fintech company that financially empowers your business and employees, providing Earned Wage Access, Invoice Factoring and Payroll Solutions for the first time in Pakistan

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© Abhi Pvt. Ltd.
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Company Information
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  • ABHI (PRIVATE) LIMITED
  • Private Limited Company
  • A237004
  • 0173869
  • 20-Apr-21
  • Baker Tilly Mehmood Idrees Qamar
  • AUC Law
License Information
  • Type:
  • NBFC License:
  • Date of Issuance:
Other Information
  • Email:
  • Phone Number:
  • Registered Address:
  • Non-Bank Finance Company (NBFC)
  • SC/NBFC-219/APL/IFS/2021-02
  • 15-Apr-22

In case your compliant has not been properly redressed by us, you may lodge your complaint with the Securities and Exchange Commission of Pakistan (SECP). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP

Products
Information
Contact
Developer Portal
Team
News
Linkedin Instagram Facebook Youtube

© Abhi Pvt. Ltd.
All Rights Reserved

Company Information
  • Name:
  • Type:
  • National Tax Number:
  • Incorporation Number:
  • Incorporation Date:
Other Information
  • Auditors:
  • Legal Advisors:

ABHI (PRIVATE) LIMITED
Private Limited Company
A237004
0173869
20-Apr-21

Baker Tilly Mehmood Idrees Qamar

AUC Law

License Information
  • Type:
  • NBFC License:
  • Date of Issuance:
Other Information
  • Email:
  • Phone Number:
  • Registered Address:

Non-Bank Finance Company (NBFC)
SC/NBFC-219/APL/IFS/2021-02
15-Apr-22

In case your compliant has not been properly redressed by us, you may lodge your complaint with the Securities and Exchange Commission of Pakistan (SECP). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP