Gadens has advised Findi on its successful $45m equity capital raising, which was undertaken in conjunction with the restructure of convertible debentures issued by its controlled subsidiary, Transaction Solutions International (India) Pvt (TSI India).

A leading Australian fintech, Findi is driving innovation in digital payments, electronic surveillance, and managed services, with a strong presence in the Indian market. Through TSI India, the company is expanding financial inclusion, offering digital banking services such as utility payments, money transfers, e-commerce transactions, and ticket bookings, particularly in regional and rural communities.

Gadens advised Findi on all aspects of the capital raising, which comprised a $40m institutional placement and a $5m share purchase plan (SPP).

This transaction will see Findi deploy 2,293 ATMs with the State Bank of India, and reinforces Findi’s growth strategy in India’s expanding digital payments sector.

Commenting on the transaction, partner Micheal Kenny said:

“We are delighted to have supported Findi on this key milestone as they continue to expand their presence in the digital payments sector. This strategic capital raise positions Findi for significant growth, and we look forward to seeing their continued success.”

Value: $45m