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Fintrex Finance PLC has successfully strengthened its capital position with the issuance of a Rs. 500 million Tier II capital raise, structured as an unlisted, unsecured, subordinated loan through Trust Certificates. The initiative marks another significant milestone in the company’s strategic growth journey, coming on the heels of its landmark Rs. 1 billion high-yield bond issuance in February 2025 and its subsequent listing on the Colombo Stock Exchange in March 2025.

The capital raise was managed by First Capital Advisory Services (Pvt) Ltd, with Hatton National Bank PLC serving as the Trustee. Legal advisory services were provided by Nithya Partners. The fund-raising process was completed ahead of the originally scheduled timeline, underscoring the efficiency and execution capabilities of First Capital and the strong collaboration among all stakeholders.

Approved by the Monetary Board of the Central Bank of Sri Lanka (CBSL), this Tier II issuance reinforces Fintrex Finance’s commitment to maintaining robust capital adequacy ratios while supporting its accelerated growth agenda.

Commenting on the success of the transaction, Mr. Tharusha Ekanayake, CEO of First Capital Advisory Services, stated:

“We are pleased to have leveraged our structuring expertise and capital market experience to support Fintrex Finance in this successful issuance. The strong outcome reflects the sustained investor appetite for well-positioned financial institutions and highlights the value of a collaborative advisory”

Sharing his perspective on the achievement, Mr. Jayathilake Bandara, CEO of Fintrex Finance PLC, said:

This Tier II capital raise is a testament to our proactive approach in capital planning and regulatory compliance. By strengthening our capital base, we are well-positioned to sustain growth momentum, enhance stakeholder confidence, and deliver superior value to our customers. Additionally, we aim to ensure uniqueness in the financial services industry by tapping into the untouched needs of people through digitalized and innovative financial solutions. Our diversified product portfolio positions us to serve a broader spectrum of customers and create meaningful impact in their financial journeys.

The official completion of the transaction was marked at a commemorative event attended by senior representatives from Fintrex Finance PLC and First Capital Holdings PLC.

Fintrex Finance PLC continues to position itself as a progressive and customer-focused non-bank financial institution dedicated to redefining financial services in Sri Lanka. With an emphasis on digital transformation, operational agility, and sustainable growth, the company leverages its diversified product portfolio to serve broader customer segments and address underserved markets. Strategic capital-strengthening initiatives such as this Tier II issuance further reinforce Fintrex’s long-term vision of driving financial empowerment and setting new standards within the industry.

Fintrex upholds the highest standards of corporate governance under the guidance of a distinguished Board of Directors. The Board is chaired by Mr. Ajit Gunewardene and includes respected industry leaders Mr. Ronnie Peiris, Mr. Shantanu Nagpal, Mr. Sabry Ibrahim, Mr. Shrihan Perera, Mr. Nilam Jayasinghe, Mr. JFR De Fonseka, Mr. Indrajit Wickramasinghe, and Mr. Darshan Perera.