ABHI, Pakistan’s financial wellness platform announces its partnership with Cnergyico (Formerly Byco) for Early Wage Access.
ABHI, which recently raised $17 million in series A and is on a mission to financially uplift the large salaried sector of Pakistan living paycheck to paycheck by enabling them to meet their financial obligations without exposure to debt traps. Cynergyico’s hundreds of employees will now be able to benefit from this service and it will also be a big step forward in Cynergyico’s journey of innovation.
Omair Ansari – CEO & Co-founder of ABHI mentioned that “ABHI is on a journey to empower every employee in Pakistan financially. Having a product like EWA is a blessing in times like these. It’s usually hard for big corporations to understand the need and implement these employee-related benefits this fast but Cnergyico was on board right from when they heard about it. I hope to see every big and small company facilitate their employees with financial benefits like ABHI sooner than later”
Speaking on the occasion, Mr. Azfar Saeed Baig, Cnergyico’s Vice President for Information said, “Taking care of employees has been the number one priority at Cnergyico. The company has been blessed with hundreds of hardworking and dedicated individuals who are all part of the Cnergyico family. We not only offer attractive wages, invest in training and development, cultivate a diverse and inclusive work environment, and ensure the health and safety of our employees but also provide attractive benefits by using innovative, technology-driven products like Abhi.”
- Founded in 2021, Abhi is Pakistan’s first financial wellness platform. Through a proprietary app or USSD short code, users can withdraw a portion of their accrued salary instantaneously to any bank account or wallet.
- Employees can make an advance salary request through the platform.
- Through the employer portal, businesses can create employee profiles, set up individual salaries and payroll dates. It includes no running cost and does not impact cash flow.
- By helping employers to provide the option of advance salaries for employees, Abhi has helped reduce workloads on HR and finance departments, whilst facilitating their employees’ cash needs.
For more information: Abhi