Other Deals
Digital banking solutions provider Findi raises Rs.243-Cr
Australian stock exchange-listed Fintech company Findi Ltd has raised INR 243 crore through an institutional placement and share purchase plan. The proceeds will be used to enhance the technological capabilities of the company’s Indian subsidiary Transaction Solutions International India (TSI India), scale merchant payment solutions, and drive the deployment of ATM and payment processing infrastructure across key India.Earlier this month, Findi completed the acquisition of Tata Communications Payment Solutions Limited (TCPSL) along with its Indicash brand, giving it immediate access to a White Label ATM network, Payment Switch and White Label ATM license, which will allow Findi to deploy White Label ATMs to its existing merchant network, and offer payment solutions to existing Indicash White Label ATM franchisees.Findi is also in the process of completing its acquisition of BankIT and its 120,000-plus merchant network.
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