Findi Ltd Expands Financial Services Through BANKIT Acquisition

Findi Ltd, via its subsidiary Transaction Solutions International (India) Pvt Ltd (TSI), has successfully acquired BANKIT Services Pvt. Ltd for Rs 160 crore ($18.7 million). This acquisition is strategically positioned to enhance Findi’s presence within India’s burgeoning financial services market.

As a result of the acquisition, Findi now provides support to over 1.8 lakh merchants across the country. BANKIT adds to this by contributing a network of 1.29 lakh merchant partners, which spans more than 12,000 pin codes. This strategic expansion significantly bolsters Findi’s capacity to deliver banking and payment services to areas that are typically underserved.

Future Plans for Findi and BANKIT Integration

Findi intends to leverage this expanded network to create a comprehensive platform that integrates ATMs, merchant-driven services, and innovative digital solutions. The objective is to evolve into a fully operational Payments Bank, offering essential financial services to communities that are often overlooked.

Recent Financial Developments

Earlier in 2025, Findi successfully raised Rs 243 crore ($28.4 million) through institutional funding. The company also completed the acquisition of Tata Communications Payment Solutions Limited and secured an agreement with the State Bank of India to enhance its ATM footprint. Furthermore, Findi has been awarded a significant contract worth Rs 500 crore ($58.1 million) by the Union Bank of India to deploy more ATMs.

Findi and BANKIT are now poised to concentrate on delivering unified financial services through local merchant partnerships, further driving their mission to serve diverse communities across India.