Findi Raises INR 243 Crore to Expand Fintech Operations in India

Findi Ltd, an Australian fintech company, has raised INR 243 crore (approximately AUD 45 million) through an institutional placement and share purchase plan to support its Indian subsidiary, Transaction Solutions International (TSI). This funding aims to enhance TSI's technological capabilities, expand merchant payment solutions, and accelerate ATM deployment across key Indian markets. Deepak Verma, MD and CEO of Findi, highlighted the milestone as a significant step towards advancing financial inclusion for underserved communities in India. TSI, which operates over 60,000 service locations, plans to deepen collaborations with banks and financial institutions to further its mission. The capital raise also follows Findi's recent acquisition of Tata Communications Payment Solutions, enhancing its White Label ATM network. Strong investor participation underscores confidence in Findi's growth strategy within India's rapidly evolving fintech landscape.