• A$25 million institutional placement to sophisticated and institutional investors
• Refinances TSI balance sheet, unlocking cash and reducing debt and interest costs
• Enables immediate deployment of additional SBI and CBI Brown Label ATMs, with UBI rollout to commence in 2H 2026
• Enhances platform liquidity to support BankIT transaction growth and increased White Label cash indents

Digital payments and financial services provider Findi Limited (ASX: FND) has announced that it has received binding commitments for a A$25 million institutional placement to sophisticated and institutional investors. The placement will result in the issue of approximately 35,714,286 new fully paid ordinary shares at an issue price of 70 cents per share, representing a 12.5% discount to the last traded price and a 7.22% discount to the 5-day VWAP. The placement will be conducted in two tranches, with Tranche 1 to be issued under the company's available placement capacity and Tranche 2 subject to shareholder approval. The funds raised will be used to support the execution of refinancing initiatives at TSI, which are expected to unlock approximately A$33.25m of restricted cash and materially reduce gross debt and annual interest costs by c.A$3.0m. The placement will also provide growth capital to immediately restart deployment of the SBI and CBI Brown Label ATM rollout programs, support the commencement of the UBI rollout in the second half of 2026, and enhance platform liquidity to drive BankIT transaction volumes and enable increased White Label cash indents. Additionally, the placement allows Findi to increase its ownership interest in TSI to approximately 91%, compared to approximately 46% under the previously proposed Nova transaction, while avoiding the dilution that would have occurred under that structure.

The placement significantly strengthens Findi's capital structure and reinforces its pathway toward a targeted Indian IPO.