Findi Secures $9.5M via Loan Notes to Drive Banking Expansion in India


 

Findi Limited (ASX: FND) has successfully raised $9.5 million through the issuance of loan notes, marking a strategic step to support its ambitious growth plans in India’s banking sector. The raised capital will bolster Findi’s subsidiary Transaction Solutions International (India) Pvt Ltd, enhancing its ATM deployment and financial technology services across underserved regions.

Findi’s expansion aligns with India’s vision for increased financial inclusion, especially in rural areas. The funding injection will not only reinforce the company’s infrastructure but also support its operational capabilities to manage the large-scale rollout of banking services.

Executive Chairman Nicholas Smedley expressed confidence in the company’s growth trajectory, stating that this funding reflects the strong investor belief in Findi’s long-term value and social impact. With its growing presence in India, Findi is strategically positioned to tap into the expanding digital and physical banking ecosystem.

This latest capital raise sets the stage for accelerated deployment of services, building towards Findi’s mission to become a key player in India’s financial empowerment movement.

 

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