Stockhead this morning;
ASX-listed Indian-focused fintech Findi (ASX:FND) topped the tech winners list in January. FND announced in January it had received $10.7 million in cash and issued 11,942,609 fully paid new shares in the company, through the conversion of 11,942,609 listed options (ASX: FNDOB), each having an issue price of 90 cents/ share.
The remaining 6,289,678 listed options have expired unexercised.
“The option conversion was strongly supported by existing shareholders and is a clear endorsement of Findi’s strategy and the results being delivered by the board and management team,” says chairman Nicholas Smedley.
“These funds, together with the funds raised from the Piramal Alternatives placement in November 2023, ensure that Findi is well capitalised and provides flexibility with respect to pursuing growth and scale through accretive acquisitions, the expansion of the FindiPayfootprint and product offering and the roll-out of white label ATMs.
“Our application for a white label ATM licence remains before the Reserve Bank of India and we remain confident that the licence will be granted in the near term.”