Company Interview / Findi (FND) pitched by MPC Markets

Nicholas Smedley from Findi (ASX: FND) discusses the promising expansion in India, particularly with their recent Central Bank of India contract extension, spanning 638 sites. This contract aims to generate $6 million annually. Nicholas also explores acquisitions within both ATM and digital payment sectors, anticipating growth.

Jonathan Tacadena from MPC Markets also highlights India's economic potential, with GDP growth expected to surpass Japan and Germany. This in turn, he suggests, will help Findi find more growth. He also says that they trade on a lower EBITDA multiple in India compared to peers, and will likely catch up soon.

Findi targets India's underbanked population, with aspirations to cover 60,000 locations by March 2025. Nicholas emphasises the opportunity in rural areas, focusing on white-label ATMs. He also points to potential profitability if India's interchange rate rises, adding significant annual revenue.