Australia's Findi rises on acquisition of fintech firm

Findi

20/01/2025 24:23

** Shares of Findi  FND.AX  rise 18.4% to A$4.45, their
highest levels since Jan 6
    ** The financial technology provider says its unit agreed to
acquire BankIT Services for A$30 mln ($18.59 mln)
    ** Stock rose as much as 22.3% earlier in the day, marking
its biggest intraday gain since May 21, 2024
    ** Findi stock down nearly 5% this year, including the
session's moves
   
    ($1 = 1.6134 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))