Digital payments and financial services provider Findi Limited (ASX: FND) (“Findi” or “The Company”) has raised $9.5 million through the issue of secured Loan Notes, helping fund its ongoing expansion in India’s financial services sector.
Banking Made Simple. Powered by Findi. [Findipay.in]
The funds will support the rollout of BC Maxx Centres community-level banking hubs launched in partnership with the Central Bank of India, and the continued growth of Findi’s Brown Label ATM (BLA) network, operated by its Indian subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI).
Findi Executive Chairman Nicholas Smedley stated:
“The successful financing of these Loan Notes will provide the Company with funding required to progress with the listing of TSI in India and progressing with other growth opportunities for TSI.”
Why This Matters
India is seeing rapid growth in digital and assisted banking, particularly in rural and semi-urban areas where ATM and branch coverage is limited. The government’s push for financial inclusion and cash-digital integration has opened up significant opportunities for infrastructure providers like Findi.
India ATM Market Forecast (2024–2033) [IMARC Group]
By strengthening its ATM network and deploying banking service centres, Findi is directly contributing to that goal while tapping into a high-demand, underserved market.
Loan Note Summary
- Interest rate: 10% per annum
- Maturity: 31 August 2027
- Security: Backed by company assets
- Conversion: Not convertible into equity
- Incentives: 4 unlisted options for every 17 Loan Notes, up to 2,352,941 options
- Option exercise price: $4.25
As part of the raise, investors will also receive four unlisted options for every 17 Loan Notes, up to a maximum of 2,352,941 options, with an exercise price of $4.25.
Investor Outlook
Findi’s focus on India aligns with long-term trends in financial access and infrastructure development. With a secured structure and attractive interest rate, the Loan Notes offer a low-risk instrument for investors, while the attached options provide added upside potential.
- As of August 7, 2025, Findi Limited (ASX: FND) is trading at AUD 3.72 per share, within a 52-week range of AUD 3.34 to 8.30.
- The Company’s current market capitalisation stands at approximately AUD 230 MILLION, with 62 MILLION shares on issue.
The continued expansion of the BC Maxx Centres and ATM network shows a stable, scalable revenue model in one of the world’s fastest-growing banking markets.
Bottom Line
It’s $9.5 million capital raise will help scale up critical financial infrastructure in India. In a market where access to cash and digital payments remains uneven, the company’s focus on on-ground banking services puts it in a strong position to grow and support broader financial inclusion efforts.
