Findi ( (AU:FND) ) has provided an announcement.
Findi Limited successfully concluded its Share Purchase Plan, raising $4,547,000 and issuing 1,136,750 shares. The funds, along with an additional $453,000 from a placement, will support the deployment of ATMs under a new agreement with the State Bank of India, accelerate the rollout of White Label ATMs, and cover restructuring costs. The company is also preparing for an IPO in India, aiming to be the first Australian-owned company to achieve unicorn status there.
More about Findi
Findi Limited is a digital payments and financial services provider. The company focuses on deploying ATMs and expanding its market presence, particularly in collaboration with the State Bank of India and through acquisitions like TCPSL.
YTD Price Performance: -8.03%
Average Trading Volume: 388
Technical Sentiment Signal: Hold
Current Market Cap: €145.9M
For an in-depth examination of FND stock, go to TipRanks’ Stock Analysis page.