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Findi ( (AU:FND) ) just unveiled an update.
Findi’s Indian subsidiary TSI has secured a binding term sheet with Nova Global Opportunities Fund PCC for a strategic investment of up to INR 418 crore (about A$72 million), significantly bolstering its capital base to fund further growth. The funding, to be paid in tranches following final documentation and customary conditions, is earmarked primarily for completing TSI’s Brown Label ATM rollout, continuing its White Label ATM expansion and supporting long-term working capital, underpinning a new growth phase for Findi’s Indian operations. The deal is expected to strengthen TSI’s balance sheet, support rapid scaling of its ATM and digital businesses across India, and reinforce confidence in Findi’s long-term strategy and planned evolution toward a Payments Bank and listed Indian entity. In parallel, Findi has advanced a board renewal program, appointing experienced financial services and technology investors Stephen Benton and Tineyi Matanda as Non-Executive Directors following the retirement of two existing directors, a move aimed at enhancing governance, payments expertise and strategic oversight for the company’s next phase of expansion.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
More about Findi
Findi Limited is an ASX-listed financial technology company focused on ATM deployments and digital payments services in India through its subsidiary Transaction Solutions International (India) Private Limited (TSI). The group operates and expands Brown Label and White Label ATM networks while building a broader digital payments ecosystem, with a stated ambition to transition toward becoming a Payments Bank and a listed Indian entity. Its strategy targets the rapidly growing Indian payments and banking market, leveraging long-term capital and specialist governance expertise to scale its footprint.
Average Trading Volume: 219,767
Technical Sentiment Signal: Sell
Current Market Cap: A$101M
See more data about FND stock on TipRanks’ Stock Analysis page.