Findi Raises $9.5M to Boost Banking Access Across India

 Digital payments and financial services provider Findi Limited (ASX: FND) has taken a significant step towards improving banking access in India with a successful $9.5 million capital raise through secured Loan Notes. The move is aimed at scaling up the company’s BC Maxx Centres and expanding its Brown Label ATM (BLA) network, operated by Indian subsidiary Transaction Solutions International (India) Pvt Ltd (TSI).



Funding to Accelerate Financial Inclusion

The newly raised capital will be directed towards community-level banking hubs developed in partnership with the Central Bank of India. These BC Maxx Centres are designed to bring essential financial services to rural and semi-urban areas, where access to banking remains limited. In addition, Findi will strengthen its BLA network, ensuring that cash withdrawal and deposit facilities are available in underserved regions.

Findi Executive Chairman Nicholas Smedley emphasized the importance of the funding, stating:

“The successful financing of these Loan Notes will provide the Company with funding required to progress with the listing of TSI in India and progress other growth opportunities for TSI.”

Why This Matters for India’s Banking Landscape

India’s financial inclusion push has accelerated in recent years, with both digital and assisted banking seeing rapid adoption. However, millions in rural communities still rely heavily on cash transactions and have limited access to bank branches or ATMs. Findi’s infrastructure projects directly address this gap, aligning with the government’s vision for universal financial access.

Industry reports forecast strong growth for India’s ATM market between 2024 and 2033, driven by hybrid cash-digital banking models. Findi’s expansion positions it to capture a substantial share of this market.

Details of the Loan Note Offer

  • Amount Raised: $9.5 million

  • Interest Rate: 10% per annum

  • Maturity Date: 31 August 2027

  • Security: Backed by company assets

  • Conversion: Not convertible into equity

  • Incentives: Four unlisted options for every 17 Loan Notes (exercise price: $4.25)

With a secured structure and competitive interest rate, the Loan Notes provide a low-risk option for investors, while the attached options offer potential upside.

Investor Confidence and Growth Outlook

As of 7 August 2025, Findi Limited trades at AUD 3.72 per share, with a market capitalization of approximately AUD 230 million. The company’s steady progress in building out its BC Maxx Centres and ATM network signals a strong, scalable revenue model in one of the world’s most dynamic financial markets.

About Findi Limited

Findi Limited is an ASX-listed company specializing in digital payments and banking infrastructure. Through its subsidiary TSI, Findi operates one of India’s largest Brown Label ATM networks and is pioneering new models for community-based financial services.

For more updates on Findi’s financial growth and market expansion in India, visit Colitco.com — your source for global business and investment news.

Comments

Post a Comment

Popular posts from this blog

Glenn Whiddon: Experienced Investment Professional and Chairman of CALIMA ENERGY LIMITED

Image
  Glenn Whiddon is a seasoned professional with a remarkable background in investment management and executive leadership. As the Principal and Founder of Lagral, a family company focused on investment management in the mining, energy, and property sectors, Glenn has established himself as a prominent figure in the industry. In this article, we will explore Glenn Whiddon's journey and highlight his current role as the Chairman of CALIMA ENERGY LIMITED (ASX: CE1), a company dedicated to oil and gas exploration and production projects. Glenn Whiddon's Leadership at CALIMA ENERGY LIMITED In his role as the Chairman of CALIMA ENERGY LIMITED, Glenn Whiddon plays a vital role in leading the company's investment endeavors in the energy sector. CALIMA ENERGY LIMITED primarily focuses on oil and gas exploration and production projects, with a specific emphasis on opportunities in Canada and potential international markets. Under Glenn's leadership, the company aims to maximize v...
Read more

Calima Energy Limited: Glenn Whiddon Leading the Path to Optimizing Asset Valuation

Image
  Calima Energy Limited (ASX: CE1 / OTCQB: CLMEF) is an Australian oil and gas exploration and production company that focuses on responsible development of high-quality assets, primarily in Western Canada. Under the leadership of Chairman Glenn Whiddon, Calima Energy is committed to maximising shareholder value through successful exploration, development, and production activities in the energy sector. This article provides insights into Calima Energy Limited and highlights Glenn Whiddon's extensive experience and the company's plans to optimise asset valuation. About Glenn Whiddon Glenn Whiddon, the Chairman of Calima Energy Limited, is a seasoned professional with a diverse background in investment management and executive leadership roles. He is the Principal and Founder of Lagral, a family company focused on investment management activities in the mining, energy, and property sectors. With his extensive experience and leadership, Whiddon drives Calima Energy towards maximi...
Read more