ABHI and TPL Corp have successfully completed the acquisition of FINCA Microfinance Bank Limited, injecting Rs. 2.6 billion into the institution as part of the deal. The final signing ceremony was held in the presence of key leaders, including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp Limited, and Jeffery Smith, Vice President and Chief Administrative Officer of FINCA.
The acquisition marks a significant milestone in the financial sector, with the partnership aiming to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan. Together, ABHI, TPL, and FINCA are set to redefine financial access in the country, focusing on underserved communities and small entrepreneurs.
ABHI, Pakistan’s first fintech company to be invited to Davos 2025, has been at the forefront of financial innovation. The company recently raised $25 million in its pre-series B funding round, a mix of equity and debt, to expand its services internationally. With this acquisition, ABHI plans to build on FINCA’s strong foundation, introducing new services such as gold-backed loans, salary advances, savings accounts, and value-added offerings like bill payments.
“At ABHI, our mission has always been to create accessible financial solutions for everyone,” said Omair Ansari, CEO and Co-Founder of ABHI. “This acquisition represents a significant leap forward, allowing us to reach communities that have historically been excluded from the financial system. Together with TPL and FINCA, we are determined to transform financial access across Pakistan.”
FINCA’s Legacy of Empowerment
Over the past decade, FINCA Pakistan has empowered millions of families through lending, savings, and financial education. The bank has been recognized for its customer experience excellence and introduced several innovations, including Pakistan’s first mobile-network agnostic digital wallet. With a presence in over 100 cities, FINCA has played a critical role in empowering women entrepreneurs and advancing financial inclusion.
Jeffery Smith, Chair of the FINCA Pakistan Board of Directors, commented on the acquisition: “As we exit the market as part of a strategic effort to optimize our global portfolio, we are confident that TPL and ABHI will build on FINCA’s legacy. This partnership will accelerate financial inclusion in Pakistan, particularly for women and small entrepreneurs, empowering them to improve their livelihoods and contribute to the nation’s economic growth.”
TPL’s Vision for Innovation
Ali Jameel, CEO of TPL Corp Limited, highlighted the importance of the partnership: “At TPL, our commitment to innovation and impact drives everything we do. Joining forces with ABHI and FINCA enables us to redefine financial access, combining our technological prowess with their deep-rooted expertise. This milestone is a step toward building a more inclusive financial ecosystem that empowers millions across Pakistan and beyond.”
The acquisition aligns with ABHI’s ambition to manage funds independently, reduce reliance on external banking partners, and strengthen its balance sheet. It also marks a new chapter for Pakistan’s fintech sector, showcasing the transformative potential of collaborative innovation.
