FINDI Group Secures $30M for Financial Empowerment

Findi Group, a provider of payment services and ATM solutions in India, has successfully secured $30,000,000 in its latest funding round. This significant capital injection underscores investor confidence in the company's mission to enhance financial empowerment across underserved communities in India. The funding announcement signals a pivotal moment for Findi as it seeks to expand its reach and capabilities within the country's dynamic financial technology landscape. Findi (ASX: FND) is dedicated to driving Financial Empowerment for Indians by extending crucial payment services and ATM access to communities that are traditionally underserved and underbanked. The company currently operates a network of over 10,000 Brown Label ATMs, established in partnership with prominent Indian financial institutions, including SBI, HDFC, PNB, and CBI. Beyond its ATM infrastructure, Findi also facilitates a broad array of Financial Services through its extensive network of more than 180,000 Merchant Partners via its FindiBANKIT platform. This dual approach helps bridge the gap in financial inclusion for millions. This $30,000,000 investment marks a key development for Findi, reinforcing its strategic position in the Indian market. The capital infusion is expected to bolster the company’s operational capacity and accelerate its expansion efforts. While specific details on the allocation of funds were not provided, Findi Group plans to use the capital for growth initiatives, aiming to deepen its presence and broaden its service offerings to reach more individuals and businesses across India. This funding round is crucial for scaling its existing infrastructure and exploring new avenues for financial service delivery. The successful closing of this funding round positions Findi Group for continued advancement in its mission of financial inclusion. The company is set to pursue its strategic objectives, leveraging the newly acquired capital to enhance its technological capabilities and expand its footprint. This investment is anticipated to support Findi’s long-term vision of becoming a foundational pillar in India’s drive towards comprehensive financial empowerment, ensuring greater access to essential financial services for its vast population.