Ajeej Private Debt co-leads $15m financing for fintech Abhi

Amplify Growth Partnership expands earned wage access in the UAE
Supporting financial inclusion across MENAP through Ajeej’s private debt platform

Ajeej Private Debt, via Amplify Growth Partnership, has co-led a $15 million financing round for Abhi, a fintech revolutionising financial access in MENAP. Abhi’s earned wage access (EWA) solution allows employees to draw down their wages ahead of payday, reducing financial stress and dependency on informal credit systems. The facility enables Abhi to accelerate its expansion in the UAE, following its success in Pakistan and Bangladesh. This transaction represents a landmark moment for Ajeej’s private debt strategy, demonstrating how capital can be deployed to address both financial inclusion and investor return.

The scale of Abhi’s impact is remarkable: to date, the company has facilitated more than $55 million in EWA across over half a million transactions. This rapid adoption reflects the unmet demand for accessible financial services across the region’s working population. By providing growth capital, Ajeej Private Debt not only enables Abhi to scale operations but also reinforces its commitment to backing businesses that create long-term societal value. For investors, this is a demonstration of how private debt can be both commercially rewarding and socially transformative.

“We are excited to co-lead this investment in Abhi, a company transforming financial services by providing underbanked individuals advanced access to their earned wages.” — Sharaf Sharaf

Scaling social impact

The transaction illustrates Ajeej Private Debt’s focus on deals that balance financial performance with meaningful outcomes for communities. In regions where traditional credit products are out of reach for many, innovations like EWA deliver real benefits to households while helping employers strengthen their workforce propositions. By funding such companies, Ajeej ensures its portfolio creates ripple effects across the wider economy, advancing financial literacy, inclusion, and security.

Deepening market reach

Abhi’s deal also enhances Ajeej’s reputation among global and regional co-investors, proving that it can identify high-potential opportunities and act as a trusted partner in syndications. As the ecosystem matures, Ajeej Private Debt will continue to expand its presence in strategic sectors such as fintech, healthtech, and logistics, creating a pipeline of opportunities that ensures sustainable impact and returns for decades to come.

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