India, Jan 12: Findi Limited, through its majority-owned Indian subsidiary Transaction Solutions International (India) Private Limited (TSI), has entered into a binding term sheet with Nova Global Opportunities Fund PCC for a strategic investment of up to INR 418 crore (A$72 million), subject to completion of legal due diligence and execution of definitive documentation. The proposed investment marks a significant milestone in Findi’s India growth journey and materially strengthens TSI’s long-term funding position, providing a strong platform to accelerate expansion across Brown Label ATMs, White Label ATMs, and digital payments infrastructure in underserved and underbanked markets across the country.
The investment will be made in tranches, with the first tranche of INR 150 crore (A$26 million) expected to be infused on or before 15 February 2026 following completion of long-form documentation, with the remaining capital to be deployed in subsequent tranches as agreed between TSI and Nova Global. Proceeds will primarily fund ongoing capital expenditure for ATM network deployment, support working capital requirements, and scale TSI’s integrated cash and digital payments ecosystem across rural, semi-urban, and high-growth regions in India.
Commenting on the development Deepak Verma, Managing Director and CEO of FINDI Group, said: “We are excited to welcome this strategic investment as it strengthens our ability to accelerate growth across FINDI Group entities viz TSI, FindiBANKIT & FindiATM. Funds will be prioritised for expanding our White Label FindiATM network and scaling our digital and assisted payment platform FindiBANKIT.
At FINDI Group, our priority is to build payment infrastructure that is reliable, compliant, and deeply embedded in local communities. With a growing national ATM footprint, a large merchant-led digital network, and strong institutional partnerships, this investment enables us to deepen last-mile access, enhance service continuity, and deliver practical financial solutions that align with India’s evolving inclusion and digital adoption agenda.”
Alongside the investment, as part of its governance evolution, Findi has completed a structured Board renewal process, with the appointment of Stephen Benton and Tineyi Matanda as Non-Executive Directors. The appointments bring additional expertise in banking, payments, investments, and corporate governance, supporting Findi’s strategic transition toward becoming a payments-led financial services platform and a listed Indian entity.
The strategic investment from Nova Global not only provides TSI with a robust capital foundation but also signals strong market confidence in Findi’s India growth story. With this backing, the company is well-positioned to accelerate innovation, enhance operational efficiency, and introduce new financial solutions that reach underserved and underbanked communities across India. By combining deep industry expertise with long-term financial support, the investment lays the groundwork for sustainable growth, stronger governance, and lasting impact in the country’s rapidly evolving payments and digital banking landscape.