TPL Corp & Abhi acquire majority stake in Pakistan’s FINCA Microfinance Bank
By Gloria Mathias
ABHI and TPL Corp. have completed the acquisition of FINCA Microfinance Bank. The move aims to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan.
Together, these three entities are set to redefine financial inclusion in the country. By integrating ABHI’s digital solutions, FINCA’s extensive microfinance network, and TPL Corp’s diversified expertise across retail, insurance, and technology, the partnership paves the way for a new era of accessible and innovative financial services.
This acquisition enables ABHI to build upon a strong foundation, introducing a range of services, including gold-backed loans, salary advances, savings accounts, and value-added offerings like bill payments. By leveraging FINCA’s branchless banking infrastructure and introducing an AI-powered credit scoring system, ABHI is poised to bring a more integrated digital banking experience to millions of Pakistanis.
Omair Ansari, CEO and Co-Founder of ABHI shared, “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 Pakistan has played a critical role in advancing financial inclusion, empowering millions through lending, savings, and financial education,” said Jeff Smith, Chair of the FINCA Pakistan Board of Directors. “As we exit the market as part of a strategic effort to optimise our global portfolio, we are confident that TPL and Abhi will build on FINCA’s legacy. By combining their expertise and innovation, 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.”
Ali Jameel, CEO of TPL Corp Limited, said, “Joining forces with ABHI and FINCA enables us to redefine financial access. We will combine 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.”
This acquisition aligns with ABHI’s ambition to allow the company to manage funds independently, reduce reliance on external banking partners, and strengthen its balance sheet. It also marks the start of an exciting new chapter for Pakistan’s FinTech sector, showcasing the transformative potential of collaborative innovation.
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