• Findi raises $9.5 million through Loan Note issue
• Funds to accelerate BC Maxx rollout and expand Brown Label ATM fleet
• Loan Notes have 10% p.a. interest rate and 2027 maturity

Findi Limited (ASX: FND) has secured commitments to invest $9.5 million from professional and sophisticated investors through the issue of Loan Notes. Each Loan Note has an interest rate of 10% per annum, a maturity date of 31 August 2027 and is secured over the assets of the Company. The Loan Notes are not convertible into shares, but the Company will issue four unlisted options for every 17 Loan Notes subscribed for, with an exercise price of $4.25. Proceeds from the Loan Note issue will be used to accelerate the BC Maxx Centre model in partnership with the Central Bank of India and for the continued expansion of Transaction Solutions International (India) Pvt Ltd's Brown Label ATM fleet. Findi Executive Chairman Mr Nicholas Smedley stated that the successful financing will provide the Company with the required funding to progress with the listing of TSI in India and other growth opportunities for TSI.