Findi Accelerates Financial Inclusion in India with ₹160 Cr Acquisition of BANKIT

In a strategic move to deepen its presence in India’s financial services landscape, Findi Ltd, through its subsidiary Transaction Solutions International (India) Pvt. Ltd., has acquired BANKIT Services Pvt. Ltd. for ₹160 crore (approx. $18.7 million).

🔑 Key Highlights:

• BANKIT’s merchant network of 1.29 lakh across 12,000+ pin codes expands Findi’s nationwide footprint to over 1.8 lakh touchpoints.
• The acquisition aligns with Findi’s mission to enhance financial access in underbanked regions via merchant-led and digital-first solutions.
• Findi aims to integrate ATMs, merchant services, and digital offerings into a single, unified platform, with a long-term vision of transforming into a Payments Bank.

🧩 Strategic Moves in 2025:

• Raised ₹243 crore ($28.4M) in institutional funding
• Acquired Tata Communications Payment Solutions Ltd
• Signed an ATM expansion agreement with State Bank of India
• Secured a ₹500 crore ($58.1M) ATM deployment contract from Union Bank of India

With BANKIT onboard, Findi is well-positioned to scale integrated financial services, empower grassroots merchants, and redefine financial inclusion across India’s underserved markets.