Findi Limited, an Australian fintech listed on the Australian Securities Exchange (ASX: FND), has officially completed its acquisition of Sphere (For Good) Holdings Pty Ltd, advancing its strategic fintech expansion and reinforcing its technology offerings. The completion follows a previously announced agreement to acquire Sphere, first disclosed in October 2025. The finalization of the deal was confirmed in an ASX release, marking a key milestone in Findi’s growth trajectory ahead of major ambitions in international markets.
Deal Completion and Consideration
Under the terms of the transaction, Findi issued a total of 5,131,356 shares as consideration for 100 percent of Sphere, split between ordinary shares issued on completion and deferred and earn-out shares tied to future performance targets. On completion, Findi issued 2,438,784 ordinary shares at A$1.18 per share, representing 50 percent of the total consideration, while the remaining balance was satisfied through deferred and performance-linked shares. The issuance of director options to two executives was also part of the total consideration, with relevant listing rule provisions leveraged to support their allocation.
Strategic Rationale
The acquisition brings Sphere’s bank-grade loyalty, rewards, and environmental, social and governance (ESG) technologies into the Findi technology stack, enabling broader integration across the company’s fintech ecosystem. Findi plans to incorporate Sphere’s solutions into its existing platforms, including FindiPay, BankIT services, and BC Max Centres, to enhance customer engagement and monetization opportunities. This capability uplift aligns with Findi’s vision to offer differentiated technology features that support loyalty-linked rewards and climate-focused financial products.
Impact on Product and Market Strategy
Sphere’s technology is designed to power carbon-linked rewards and micro-donations, and Findi sees its integration as a way to unlock incremental revenue through enhanced transaction-based services. This expanded offering is expected to resonate with customers who increasingly prioritize ESG credentials, particularly in markets with high demand for sustainable fintech solutions. Findi’s executive leadership highlighted that the acquisition strengthens both its technological breadth and customer value proposition as it continues to scale.
Leadership and Governance Changes
As part of the transaction, Findi welcomed two new directors to its board, strengthening governance with experienced finance and payments industry leaders. These board appointments reflect a broader effort to align the company’s leadership with its evolving strategic objectives and growth initiatives. Meanwhile, Sphere’s existing CEO will continue to lead the business in its new structure, ensuring continuity in operational focus and vision.
Broader Growth Plans
The integration of Sphere’s solutions forms a core component of Findi’s broader expansion strategy as the company progresses toward a planned initial public offering (IPO) on the Bombay Stock Exchange in fiscal year 2027. This target listing is part of Findi’s long-term strategy to consolidate its presence in the Indian market, leveraging its hybrid physical and digital payments network. Recent capital initiatives, including a new A$30 million debt facility, have been secured to support expansion and future growth across key business lines.
Operational Integration
Findi’s FY26 guidance reflects a period of consolidation and growth following the integration of multiple strategic acquisitions, including Sphere and BankIT, with operational progress expected through the second half of the fiscal year. The company has already completed the integration of recent acquisitions, creating a hybrid financial-services footprint that spans more than 175,000 locations. Sphere’s technology will now enhance Findi’s capabilities in these markets, enabling a richer set of payment and loyalty experiences for merchants and customers alike.
The completion of the acquisition of Sphere (For Good) Holdings represents a strategic milestone for Findi as it expands its fintech capabilities and pursues growth both domestically and internationally. By integrating ESG-focused technologies and broadening its service offerings, Findi positions itself as a more competitive player in the evolving payments and digital finance landscape. With new board leadership in place and an upcoming IPO on the horizon, the company appears set for its next stage of market development.