Findi (ASX:FND) Raises AU$5Mn to Drive ATM Expansion and Strategic Growth

2 min read | April 23, 2025 11:23 AM AEST | By Sonal Goyal

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Highlights

Findi has raised approximately AU$5 million through a Share Purchase Plan and placement.

Funds will support the expansion of ATMs under the SBI partnership.

Proceeds will also accelerate white-label deployment following the TCPSL acquisition and assist in restructuring financial instruments tied to the Piramal CCDs.

Findi Limited (ASX:FND), a provider of digital payments and financial services, has completed its Share Purchase Plan (SPP) announced on 20 March 2025. The SPP closed on Friday, 11 April 2025, raising approximately AU$4.547 million through the issue of 1,136,750 shares at AU$4.00 per share to eligible shareholders.

In addition to the SPP, Findi secured a further AU$453,000 through a placement to investors on the same terms. These shares additional are scheduled to be issued today.

Use of funds

The total capital raise of approximately AU$5 million will be allocated toward key strategic initiatives, including:

Capital expenditure to support the rollout of 2,293 additional ATMs as part of the company’s new agreement with the State Bank of India, leveraging existing cash reserves and debt facilities.
Accelerating deployment of White Label ATMs following the acquisition of Tata Communications Payment Solutions Ltd (TCPSL), enabling market growth and expanded deployment.
Restructuring costs related to the Piramal Compulsory Convertible Debentures (CCDs).

FND shares were trading 1.68% higher at AU$4.23 per share during morning trading hours on 23 April 2025.

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