Findi Removed from All Ordinaries and Tech Index in March Rebalance
Findi is an innovative fintech company focused on revolutionizing digital payments and financial services in India, particularly targeting underserved rural and regional populations. By leveraging mobile technology and an extensive network of over 14,000 independent ATMs, the company is playing a crucial role in driving financial inclusion across the world’s largest developing market, enabling approximately 1 billion transactions annually through 160,000 digital payment locations.
The company operates through three key service areas: Payments & Digital Banking, Findi ATM Network, and Bank ATM Network. Their comprehensive ecosystem provides last-mile financial solutions including banking and insurance services, utility payments, money transfers, e-commerce transactions, and ticket bookings. By creating integrated financial service hubs, Findi is bridging the gap between traditional cash economies and emerging digital markets, making financial services more accessible to millions of underbanked Indians.
As an Australian-listed company with significant operations in India, Findi is at the forefront of technological and economic transformation. Their strategic approach involves acquiring complementary businesses, such as recent acquisitions of BankIT and a unit from Tata Communications Payments Solutions, which has positioned them as a preferred service provider to leading Indian banks. By combining international investment with localized digital payment solutions, Findi is not just a financial service provider, but a catalyst for economic growth and financial empowerment in South Asia.