Abhi & TPL Corp receive approval to acquire FINCA Microfinance Bank
Karachi: In a pioneering move, Abhi Private Limited and TPL Corp Limited have received authorization from the State Bank of Pakistan to jointly acquire FINCA Microfinance Bank Limited. This collaboration between Abhi and TPL Corp is set to revolutionize financial inclusion efforts across Pakistan by merging FINCA’s vast microfinance network and expertise with Abhi’s cutting-edge digital solutions and TPL Corp’s strong presence in retail, insurance, and technology sectors. The partnership aims to enhance and diversify access to financial products and services for underserved communities, including rural areas, small businesses, and low-income individuals.Meezan Bank Partners with Trifit Gym
Over the past ten years, FINCA Pakistan has empowered millions of families through its lending, savings, and financial education programs. The institution has earned consistent recognition for its excellence in customer experience and has introduced several innovations to the microfinance sector, including Pakistan’s first mobile network-independent digital wallet. With operations in over 100 cities nationwide, FINCA Pakistan has also made notable strides in supporting women entrepreneurs.
The new entity will offer an array of innovative financial products designed to equip individuals and small enterprises with the financial tools needed for growth, contributing to Pakistan’s broader goal of economic empowerment and inclusion.
“At Abhi, we have always been committed to providing accessible financial solutions for everyone,” said Omair Ansari, CEO and Co-founder of Abhi. “By partnering with TPL, we are taking a major step forward in expanding our reach and delivering impactful financial products to millions of Pakistanis who have previously been excluded from essential services.”
The acquisition also aligns with TPL Corp’s vision to drive innovation in financial services. With TPL’s diverse business operations and FINCA Pakistan’s deep market knowledge, the newly combined entity is poised to deliver customer-centric solutions that can make a real impact in underserved areas.
FINCA Microfinance Bank customers will experience a smooth transition, with improved access to a wider range of financial services in the near future. The merger will enable customers to benefit from Abhi’s digital-first platform, designed to make banking services more accessible.
“FINCA Pakistan has fulfilled its promise to build a nationwide microfinance network that creates economic opportunities across the country, particularly for women,” said Jeff Smith, Chair of the FINCA Pakistan Board of Directors. “Abhi and TPL share FINCA’s commitment to expanding financial access for small entrepreneurs. With the infusion of new capital and enhanced digital services, this acquisition has the potential to accelerate financial inclusion in Pakistan significantly.”
Looking ahead, Abhi, TPL, and FINCA are focused on delivering a new range of financial products specifically designed for underserved communities, further driving financial inclusion and supporting Pakistan’s economic growth. Updates on new offerings and services will be shared in the coming months.
