An early wage access platform allowing salaried employees to draw down a percentage of their accrued salary before the next payroll cycle. Helping employees to avoid late payment fee on bills, access emergency cash and substitute expensive debt.
Abhi is a Y Combinator company in the Summer 2021 batch. Its directory entry describes it as: Abhi is Pakistan's 1st financial wellness platform focusing on…. The founders listed are Omair Ansari (Founder), Ali Ladhubhai (Founder) (Y Combinator directory entry, July 16, 2021).
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New accelerator entry · 2021-07-16 · the record
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An early wage access platform allowing salaried employees to draw down a percentage of their accrued salary before the next payroll cycle. Helping employees to avoid late payment fee on bills, access emergency cash and substitute expensive debt. We work on a B2B2C model allowing companies to extend the product as a benefits program to their employee base.
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Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News
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