Australian fintech Findi jumps on contract with Union Bank of India

Findi

06/02/2025 24:03

** Shares of Australian fintech firm Findi Ltd  FND.AX  rise 8.2% to A$4.760
    ** FND says it secured a 7-year contract with Union Bank of India  UNBK.NS  to deploy
additional 900 ATMs across India
    ** Contract expected to deliver between A$75 million ($47.12 million) and A$80 million in
revenue during its term
    ** Full deployment of ATMs will contribute an additional A$10 million-A$11 million of
annualised revenue
    ** FND down 4% this year, including the day's moves


($1 = 1.5918 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com))