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How Did Findi Justify a $900M Valuation for TSI Amid ASX Scrutiny?
7:02pm on Thursday 29th of January, 2026 AEDT
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Financial Services
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How Did Findi Justify a $900M Valuation for TSI Amid ASX Scrutiny?
7:02pm on Thursday 29th of January, 2026 AEDT
Key Points
Findi explains selection and exclusion of Indian fintech peers for TSI valuation
Forward EV/EBITDA multiple range of 15x-19x used, significantly discounted versus peers
Discrepancy between TSI’s implied IPO valuation and Nova Global’s investment valuation addressed
FX assumptions and risk discounts detailed to support valuation methodology
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