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Digital Payment Provider Findi Secures $37.6 Million from Leading Indian Investment Firm Piramal Alternatives — ASX:FND| ASX Mining News & Discussion
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$FND Digital Payment Provider Findi Secures $37.6 Million from Leading Indian Investment Firm Piramal Alternatives
Findi Limited (ASX: FND), a digital payments and financial services provider, has announced a significant development for its Indian subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI India). The subsidiary has raised $37.6 million through a placement with Piramal Alternatives, a leading Indian investment group. The placement of Compulsory Convertible Debentures (CCD) will be converted to equity at IPO and will support Findi's expansion in India.

Advancing Investment for Working Capital and Capital Expenditure

The investment from Piramal Alternatives will improve TSI India’s free cash position by more than $45 million, allowing it to focus on working capital and capital expenditure. The funds will further accelerate the growth of Findi's FindiPay digital payments business, as well as support the roll-out of white-label ATMs after approval from the Reserve Bank of India (RBI) while simultaneously scaling its merchant and ATM network.

Expertise and Experience

Piramal Alternatives is backed by Canadian pension fund CDPQ, which has ...
Digital Payment Provider Findi Secures $37.6 Million from Leading Indian Investment Firm Piramal Alternatives

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?