Abu Dhabi, UAE – LuLu Exchange, one of the UAE’s most trusted financial services companies and a part of LuLu Financial Holdings, has announced a partnership with Abhi Middle East Limited, the neo bank of the future backed by Hub71 and the Abu Dhabi Investment Office (ADIO), and funding enabled by Commercial Bank International (CBI). The collaboration aims to empower workers across the UAE with instant access to their earned wages and seamless cross-border remittance solutions, bridging the gap between income and family support like never before.

Through this partnership, workers will be able to access their Earned Wage Access (EWA) instantly and send money to their families back home without waiting for payday. This service will enhance financial flexibility and ensure timely support for expatriate communities who form the backbone of the UAE’s workforce.

By combining LuLu Exchange’s extensive network and trusted remittance expertise with ABHI’s financial technology, the initiative is set to transform how workers access, manage, and move their money across borders. This partnership underscores LuLu Exchange’s continued commitment to leveraging innovation to improve financial access and enhance the customer experience. For ABHI, it further reinforces its vision to drive inclusive, technology-led financial solutions across the region, ensuring every individual has the tools to achieve financial wellness and independence.

“At Lulu Exchange, we believe that timely access to earnings is a fundamental need and this collaboration enables workers to support their families with greater control and confidence. Partnering with Abhi allows us to take a decisive step toward reshaping financial access for the UAE’s workforce. We are creating a powerful ecosystem that places customer empowerment at its core by merging Abhi’s innovative EWA technology with our trusted remittance network,” said Thampi Sudarsanan, CEO of Lulu Exchange, UAE.

Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, added: “Partnering with LuLu Exchange, a trusted name synonymous with excellence and accessibility in financial services, allows us to enable workers to gain control over their earnings and support their families back home without financial strain. By integrating ABHI’s technology with LuLu’s deep market expertise, this collaboration represents a step forward in advancing financial inclusion and delivering true economic empowerment.”

Founded in 2021, ABHI has expanded its presence across Pakistan, the UAE, and Saudi Arabia, empowering employees and businesses with fast, secure, and transparent access to on-demand liquidity. To date, the company has served over 1 million users, onboarded more than 5,000 businesses, and processed transactions totaling over $500 million, driving financial empowerment for individuals and SMEs across the region.

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About Abhi Middle East Limited
ABHI provides a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. ABHI was also selected as one of the Future 100 companies in the UAE and has recently been selected for Mastercard’s Start Path Small Business program.

For more information, visit https://abhi.co/

About LuLu Financial Holdings

LuLu Financial Holdings is a leading global financial services provider, offering a wide range of services including cross-border payments, currency exchange, and financial technology solutions. With over 370 customer engagement centers in over 10 countries across the Middle East, Indian subcontinent, and APAC regions, and a commitment to innovation and customer satisfaction, LuLu Financial Holdings continues to set benchmarks in the financial services industry. Learn more at https://www.lulufin.com/. 

About LuLu Exchange

LuLu Exchange is one of the UAE’s leading financial services companies, providing remittances, foreign currency exchange and other allied services through a network of over 140 branches and digital solutions (LuLu Money App), to a cross-section of society, powered by a robust network and reputed partners with high standards of customer care. The company is part of the Abu Dhabi-based financial services conglomerate LuLu Financial Holdings.

1 December 2025 – Riyadh, KSA — Abhi, powered by Alraedah, has announced a strategic partnership with KABi, a leading Saudi human capital technology company, to provide employees within KABi-managed organizations with instant access to a portion of their earned wages through ABHI’s Earned Wage Access (EWA) solution.

Through this partnership, KABi employees will be able to withdraw part of their accrued salary whenever needed during the month, giving them immediate liquidity to manage daily expenses more easily and reducing reliance on high-cost financial alternatives.

“Our collaboration with KABi reflects ABHI’s ongoing commitment to advancing financial well-being and supporting digitally empowered workplaces in Saudi Arabia. By integrating Earned Wage Access into KABi’s ecosystem, we are enabling thousands of employees to experience financial freedom, flexibility, and stability,” said Omair Ansari, Co-Founder and CEO of ABHI.

Khalid A. AlOraij, Board Member and CEO of KABi, added:

“At KABi, we are dedicated to empowering workforces through modern technology solutions. Providing instant access to earned wages in collaboration with ABHI strengthens employee stability and supports a more productive and well-being-focused workplace.”

Founded in 2021, ABHI is dedicated to expanding financial accessibility across the GCC and beyond. Today, the company serves more than one million users in the MENAP region, partnering with over 5,000 businesses and processing approximately five million transactions valued at more than USD 500 million. ABHI’s comprehensive suite of solutions, including Earned Wage Access, Invoice Factoring, SME Working Capital & Revenue-Based Financing, and Payroll Solutions, continues to empower companies to optimize cash flow and support their employees with reliable access to liquidity.

This partnership aligns with the Kingdom’s efforts toward digital transformation and financial empowerment in line with Saudi Vision 2030, supporting workplaces built on innovation and modern technology.

About Abhi 

ABHI provides a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. ABHI was also selected as one of the Future 100 companies in the UAE and has recently been selected for Mastercard’s Start Path Small Business program.

For more information, visit https://abhi.co/

About KABi

KABi is a leading Saudi human capital technology company providing digital solutions that support workforce management, performance development, and enhanced employee experience.

24 November 2025 – Riyadh, KSA — Abhi Saudi, powered by Alraedah Digital Solutions, has announced a new partnership with Bayut KSA, one of the Kingdom’s leading real estate platforms, to enable Bayut KSA employees to instantly access a portion of their earned wages through Abhi’s Earned Wage Access (EWA) solution.

Through this collaboration, Bayut KSA employees can withdraw a portion of their accrued salary at any time during the month, giving them greater financial flexibility, reducing daily financial pressure, and supporting their overall well-being.

“At ABHI, our mission is to improve financial inclusion across the region. Partnering with a dynamic company like Bayut allows us to extend the benefits of Earned Wage Access to more professionals in Saudi Arabia, supporting their financial well-being and ultimately boosting productivity and retention,” said Omair Ansari, Co-Founder and CEO of ABHI.

Nouf Alqahtani, HR Operations Manager at Bayut KSA, added:

“At Bayut KSA, we are dedicated to creating a supportive workplace for our team. Providing instant access to earned wages through ABHI Saudi offers our employees more convenience, flexibility, and control over their financial needs.”

This partnership underscores the commitment of both companies to financial empowerment and digital innovation in alignment with Saudi Vision 2030.

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About Abhi 

ABHI provides a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. ABHI was also selected as one of the Future 100 companies in the UAE and has recently been selected for Mastercard’s Start Path Small Business program.

For more information, visit https://abhi.co/

About Bayut KSA

Bayut KSA is a leading property platform in Saudi Arabia, providing advanced search tools and comprehensive listings for individuals, agents, and developers across the Kingdom.

Abu Dhabi, UAE — 17 November 2025 —Numou, ADGM’s SME growth platform, has partnered with Abhi, the region’s neo bank of the future, providing embedded finance and working capital solutions to enhance access to finance for small and medium enterprises across the region.

Through this collaboration, SMEs on Numou will gain faster, more flexible, and transparent access to working capital, bridging the gap between invoice issuance and payment. By integrating Abhi’s digital lending infrastructure, the partnership will enable expedited credit assessment and loan disbursement, empowering local businesses to grow and deliver on opportunities without liquidity constraints.

“Partnering with Abhi allows us to address one of the biggest challenges for SMEs — timely access to financing,” said Mohamed Al Binali, General Manager of Numou. “This collaboration strengthens our mission to build a more inclusive and resilient SME ecosystem across the UAE and beyond.”

“At ABHI, we believe access to finance should be an enabler, not a barrier to growth. Our partnership with Numou reflects our shared commitment to empowering the SME sector, the backbone of regional economies. By embedding ABHI’s digital lending infrastructure into Numou’s ecosystem, we are reimagining how businesses access capital, making it faster, more transparent, and more inclusive. Together, we are paving the way for a future where every entrepreneur has the financial freedom to turn potential into progress.” said Omair Ansari, Co-founder & CEO of Abhi. 

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About Numou
Numou is Abu Dhabi Global Market’s (ADGM) SME growth platform, dedicated to empowering small and medium enterprises across the UAE. By connecting businesses with financiers, advisors, and government opportunities, Numou bridges the funding gap that hinders SME expansion while fostering transparency and trust across the ecosystem.

About Abhi

ABHI provides a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. ABHI was also selected as one of the Future 100 companies in the UAE and has recently been selected for Mastercard’s Start Path Small Business program.

For more information, visit https://abhi.co/

• New service, launched in partnership with Abhi, empowers customers with early access to earned wages, helping them meet urgent financial needs with ease.
• Can be used exclusively by WPS customers for money transfers.
• Available seamlessly through the AlfaPay app by Al Fardan Exchange and across 90+ branches nationwide.

   

15th October 2025, Dubai, United Arab Emirates:  Al Fardan Exchange, the UAE’s most trusted financial services provider since 1971, today announced the launch of its Salary Advance service for Wages Protection System (WPS) customers, in partnership with Abhi Middle East Limited, the neo bank of the future, backed by Hub71 and the Abu Dhabi Investment Office (ADIO) and funded by Commercial Bank International. 

This strategic step marks a significant step forward in advancing financial inclusion across the UAE by providing underbanked and unbanked individuals with flexible access to their earned income. It enables customers to access up to 50% of their wages before payday, helping them send money home for urgent financial needs. 

Accessible through the AlfaPay app by Al Fardan Exchange and the company’s nationwide network of over 90 branches, the Salary Advance service provides customers with a seamless and user-friendly experience, whether digital or in-person. By combining Al Fardan Exchange’s extensive network and deep market presence with ABHI’s cutting-edge technology, the initiative addresses a critical financial need for expat communities in the UAE, strengthening financial inclusion and stability.

Hasan Fardan Al Fardan, CEO at Al Fardan Exchange, said, “The launch of Salary Advance is a milestone in our mission to champion financial inclusion and deliver solutions that truly make a positive impact on people’s lives. By giving customers the ability to access their wages early, we are empowering them with financial flexibility and the means to support their families anytime. This is about turning innovation into real impact, and we are proud to partner with Abhi Fintech to bring this service to life seamlessly through our AlfaPay App and nationwide branch network.”

Omar Ansari, Co-Founder & CEO of Abhi Middle East Limited, stated: “This partnership with Al Fardan Exchange is not just a partnership but a transformation in how workers experience financial autonomy. By becoming the first exchange in the UAE to go live with ABHI’s Earned Wage Access, together we are redefining the way income and remittances work for millions of expatriates. We are not just providing faster access to wages; we’re empowering people to support their families, build resilience, and plan for the future with confidence. This collaboration signals a new era of inclusive, technology-driven financial services that will uplift communities and set a benchmark for the region.”

Founded in 2021, ABHI is committed to advancing financial inclusion across the region and currently operates across the GCC. Since its launch, ABHI has served over one million users across the MENAP region. To date, the company has onboarded more than 5,000 companies and processed around five million transactions, with a total value exceeding $500 million+ across its markets, providing employees with instant liquidity exactly when they need it most.

The launch also comes at a time when the UAE’s macroeconomic outlook continues to provide fertile ground for innovation. With the International Monetary Fund projecting 4.0% real GDP growth and inflation expected to stay around 2.1% in 2025, the stability of the financial system supports the rollout of scalable, short-term lending products that bridge income gaps for everyday earners.

Together, Al Fardan Exchange and ABHI are paving the way for a more inclusive and accessible financial future for communities across the UAE.

About Al Fardan Exchange 

Founded in 1971, Al Fardan Exchange is one of the UAE’s most trusted financial services providers and a proud member of the Al Fardan Group, whose heritage in seafaring and pearl trading dates back to 1954.  The company has grown alongside the nation, helping communities achieve their financial goals with reliability and confidence.

With an omnichannel presence that includes the AlfaPay app by Al Fardan Exchange and a nationwide network of over 90 branches, the company delivers secure and seamless financial solutions to a diverse customer base. Supported by partnerships with more than 150 global banks and financial institutions, Al Fardan Exchange continues to set benchmarks for trust, innovation, and customer experience.

Driven by its commitment to innovation, Al Fardan Exchange is integrating AI-powered and tech solutions to enhance accessibility, convenience, and inclusion aligning with the UAE’s vision for a digital economy. 

To learn more, visit alfardanexchange.com

About Abhi Middle East Limited

ABHI provides a comprehensive suite of solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. ABHI was also selected as one of the Future 100 companies in the UAE and has recently been selected for Mastercard’s Start Path Small Business program.

For more information, visit https://abhi.co/

ABHI, a neobank of the future that is revolutionizing access to earned wages and SME financing in emerging markets, has been selected as one of the eight startups worldwide to join Mastercard Start Path’s Small Business program.

This highly competitive program supports startups to scale solutions that drive simple, smart and secure digital experiences for small businesses globally. 

Alongside ABHI, the new cohort features INI, SiFi, TogoAgro, TurnKey Lender, Conduiit, Tracflo, and Morado, all pioneering companies transforming how SMEs access and manage financial resources.

Omair Ansari, Co-Founder and CEO of ABHI, shared his thoughts:
“I witnessed how outdated financial systems and limited access to credit have held back individuals and businesses in emerging markets. My vision for the future is financial technology that helps people everywhere with instant access to the resources they need to grow, thrive, and achieve their goals.”

ABHI, founded in 2021, aims to increase financial inclusion across the region and has been serving Pakistan, the UAE, KSA, and Oman through its innovative credit-bridging products. Across the MENAP region, ABHI has served over 1,000,000 users since entering the market, spanning industries ranging from textiles and manufacturing to healthcare and technology. To date, the company has onboarded over 5,000 companies and processed approximately 5 million transactions, with a total value exceeding $500 million globally across our operating markets, providing instant liquidity to employees when they need it most. 

As part of the program, ABHI will have the opportunity to collaborate with Mastercard’s product and innovation teams, receive mentorship, and gain access to Mastercard’s extensive network of partners to accelerate the impact of its solutions for businesses and employees across emerging markets.

About ABHI

ABHI provides a comprehensive suite of solutions, including Earned Wage Access, Payroll Processing, Payroll Financing, and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. Recently, ABHI was also selected as one of the Future 100 companies in the UAE.

For more information, visit https://abhi.co/

– Riyadh, KSA, MENAP-based fintech ABHI and TRAY, a leading cloud-based POS and business management platform in the Kingdom, have joined forces to introduce Earned Wage Access services for the fast-growing F&B sector. Earned Wage Access is a financial solution that allows employees to withdraw a portion of their earned salary anytime before payday, eliminating the need to wait until the end of the month. By giving workers instant access to their earnings, EWA reduces financial stress, lowers reliance on loans, and helps employers improve retention and productivity.

The collaboration is designed to empower frontline employees with instant access to their earned salaries while supporting Saudi Arabia’s Vision 2030 goals of financial inclusion, workforce empowerment, and SME growth.

By integrating ABHI’s Earned Wage Access technology into TRAY’s enterprise POS ecosystem, restaurants, cafés, and cloud kitchens across the Kingdom will be able to provide staff with on-demand salary access. This will financially empower employees, reduce turnover, and strengthen retention in one of the most dynamic industries in Saudi Arabia.

Through TRAY’s platform, which already supports payments, financing, and delivery integrations, ABHI’s Earned Wage Access will be offered as an embedded feature, making it easier than ever for businesses to adopt and provide employees with financial flexibility.

TRAY QUOTE

ABHI, founded in 2021, is aimed at increasing financial inclusion across the region and has been serving Pakistan, the UAE, KSA, and Oman through its innovative credit-bridging products. These products include Earned Wage Access, Invoice Factoring, SME Working Capital & Revenue Based Financing, and Payroll Solutions, designed to empower businesses and their employees financially. Across the MENAP region, ABHI has served more than 1,000,000 users since entering the market, spanning industries from textiles and manufacturing to healthcare and technology. To date, the company has onboarded over 5,000 companies and processed approximately 5 million transactions, with a total value exceeding $500 million globally across our operating markets, providing instant liquidity to employees when they need it most. ABHI is backed by leading investors, including Y Combinator, VEF, SpeedInvest, Venture Souq, Global Ventures, and Zayn Capital.

“Partnering with TRAY enables ABHI to bring Earned Wage Access directly into the heart of Saudi Arabia’s hospitality sector. By integrating our solution into TRAY’s platform, we provide SMEs with a tool to improve workforce retention while advancing financial inclusion across the Kingdom. This collaboration creates a strong foundation to scale innovative services in line with Vision 2030’s goals of sustainable growth and digital transformation,” said Omair Ansari, CEO and Co-founder of ABHI. 

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About ABHI
ABHI provides a comprehensive suite of solutions including Earned Wage Access, Payroll Processing, Payroll Financing, and SME Financing. The fintech company has established partnerships with over 5000 companies, driving economic growth and creating lasting social impact.

ABHI has gained recognition from Hub71 and Endeavor and was the first to be awarded the Technology Pioneer 2023 Award by the World Economic Forum, making fintech history in the MENAP region. Recently, ABHI was also selected as one of the Future 100 companies in the UAE.

For more information, visit https://abhi.co/