Fintech company Findi Ltd has raised Rs 243 crore in funding through an institutional placement and share purchase plan.
The funds will be used to enhance the technological capabilities of Transaction Solutions International India, scale merchant payment solutions, and deploy ATM and payment processing infrastructure in key Indian markets.
The fundraising witnessed strong participation from institutional investors, reflecting confidence in Findi's strategic vision and growth potential.
TSI, under Findi's majority ownership, plans to expand its operations and collaborations with banks and financial institutions to further financial inclusion.