Strategic Partnership Between Abhi and Codebase Technologies to Enhance Financial Well-Being in MENAP
Codebase Technologies has announced a strategic partnership with Abhi, a platform specializing in financial well-being across the Middle East, Africa, and Asia Pacific (MENAP).
This collaboration aims to deliver innovative solutions for earned wage access (EWA) through Codebase Technologies’ Digibanc platform.
The agreement seeks to enhance global financial inclusion by equipping companies with advanced tools to support the financial wellness of their employees.
Recent reports indicate that approximately 76% of workers live paycheck to paycheck, with over 60% experiencing financial stress that directly impacts their productivity and job satisfaction.
Around 1.7 billion people worldwide lack access to formal financial services, making the need for affordable financial solutions more urgent than ever.
The partnership between Codebase Technologies and Abhi aims to address these pressing issues by providing an alternative to high-interest loans and costly credit options.
Raheel Iqbal, Managing Partner at Codebase Technologies, expressed his enthusiasm for the collaboration, stating, “We are excited to partner with Abhi to deliver an innovative solution that addresses financial well-being for employees on a global scale.”
He added, “With the robust Digibanc platform and Abhi’s advanced EWA technology, we are making significant strides toward enhancing financial inclusion and empowering companies to support their employees in meaningful ways.”
Ali Ladhubhai, Co-Founder and COO of Abhi, remarked, “The partnership with Codebase Technologies represents a transformative opportunity for Abhi to accelerate our mission of democratizing access to financial services.
By leveraging the power of the Digibanc platform, we are extending these benefits across multiple regions, enabling individuals to access their earnings instantly when they need it the most.
At the same time, we help businesses adopt smarter and more efficient cash flow management methods, creating a win-win situation for both employers and employees.”
Founded in 2021, Abhi is committed to promoting financial inclusion in the region, serving Pakistan, the UAE, and Saudi Arabia through its innovative credit facilitation products.
These offerings, which include access to earned wages, payroll solutions, and financing for small and medium-sized enterprises (SMEs), are designed to empower businesses and their employees financially.
By integrating Abhi’s solution into Digibanc, Codebase Technologies provides companies with the opportunity to support their workforce, alleviate financial pressures, and boost overall productivity.
Abhi allows employees to access up to 50% of their accrued wages instantly, providing a reliable safety net for unexpected expenses or emergencies.
Codebase Technologies has the capability to assist key clients in the banking sector in launching payroll advance programs and early wage access in the MENA region, enhancing employee well-being and financial inclusion.
