Findi growth strategy fast-tracked with BankIT acquisition

Findi Limited has acquired Tata Communications Payments Solutions Ltd to rapidly expand its ATM network and financial services reach across India, strengthening its presence in underbanked regions while accelerating growth in the FindiPay ecosystem.

The $334 million payments provider Findi has had a ripper year. Shares are up 555.7 per cent this year (yep, that’s not a typo), Indian banks are showering it with new ATMs to run, and in the background is the Flannery family and Indian billionaire Ajay Piramal as supportive backers.

We expand our technology coverage with the initiation of Findi Limited (FND). FND is an ASX-listed fintech and one of the largest non-bank ATM operators in India, with a network of ~21k ATMs deployed across the country. Following a change of Board and corporate structure in late-2021, Findi has implemented an aggressive growth agenda; signing […]