Findi (FND) AICC - FinTech AustraliaPresentation summary

Company overview

• Provides scalable payment solutions and digital banking services in a major developing market, focusing on financial inclusion and tailored offerings.

• Operates a large ATM and merchant network across India, with over 20,900 ATMs and 28,100 retail merchant locations.

• Aims to create a full-service finance hub, integrating ATM, merchant, and digital banking services for underbanked populations.

Business evolution and milestones

• Originated in 2004 as an ATM services provider, expanding into digital payments and banking.

• Rebranded after acquiring full ownership of its Indian joint venture, now offering a comprehensive suite of transaction banking services.

• Secured key agreements, including a 5-year deal with Central Bank of India and a 10-year ATM outsourcing contract with State Bank of India.

• Raised significant capital through private placements and option conversions to fund growth and expansion.

Strategic direction and growth plans

• Pursues a three-stage strategy: portfolio diversification, digital transformation, and unlocking shareholder value via a planned IPO of TSI India by end of 2026.

• Targets expansion of FindiPay merchant network to over 60,000 by FY25, enhancing B2C capabilities and cross-selling opportunities.

• Plans to leverage WLA (White Label ATM) license to deepen market penetration and data capture.

• Intends to expand operations beyond India into Asia Pacific, utilizing proprietary technology and expertise.