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Payments business Findi launches $45m raising; taps three brokers

Findi, the ASX-listed ATM owner backed by the Flannery family, has launched a $45 million capital raising to fund capex and to restructure convertibles held by its Indian investor Piramal Alternatives.

Findi won a contract to supply the State Bank of India with more than 4000 ATMs in 2023. Bloomberg

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/payments-business-findi-launches-45m-raising-taps-three-brokers-20250318-p5lke3