Findi eports strong hallf-year growth, Epands FindiPay

Digital payments and financial services provider, Findi (ASX:FND), announced a strong performance for the half-year ended Sept. 30, demonstrating positive operational momentum.

The company reported revenue of $33.9 million, up from $31.8 million in the previous corresponding period, and an EBITDA of $12.9 million, aligning with its FY25 targets. 

In a strategic move, Findi secured a new merchant deal with the Central Bank of India and maintained a growth trajectory by acquiring approximately 3,000 merchants per month through its FindiPay platform.

Despite a statutory net loss of $3.9 million, strategic investments and operational growth initiatives have positioned Findi on track to meet its FY25 guidance.

Nicholas Smedley, Findi Executive Chairman, stated It’s been another six months of solid execution against our strategy of identifying acquisitions, accelerating our white label strategy, and expanding our FindiPay footprint to deliver long-term sustainable, and growing returns for our shareholders.”

Findi has expressed confidence in the second half of FY25, driven by the rollout of the State Bank of India contract and the upcoming deployment of White Label ATMs.

The company also reaffirmed its FY25 guidance, expecting revenue between $80-90 million and EBITDA in the range of $30-35 million.

Looking ahead, the company plans to expand FindiPay into six new states, totalling 12 states and territories across India by March 2025, and has secured agreements for new ATM deployments, further solidifying its market presence.