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LONDON - Diginex Limited (NASDAQ:DGNX), a sustainability RegTech solutions provider with a market capitalization of $2.42 billion, announced Friday it has executed a non-binding memorandum of understanding to acquire The Remedy Project Limited, a company specializing in human rights risk assessment and worker-centered remediation for global supply chains. Despite a recent 13% gain over the past week, InvestingPro analysis suggests the stock is currently overvalued compared to its Fair Value.
The proposed acquisition would combine Diginex’s AI-powered platforms with Remedy’s expertise in grievance mechanisms and forced labor remediation frameworks. The deal is expected to close within the next 45 days. Diginex has seen remarkable growth, with revenue increasing by 57% over the last twelve months, though the company remains unprofitable with negative EBITDA of $8.22 million.
"The Remedy Project has been at the forefront of closing the gap between detection and actual remediation in global supply chains," said Miles Pelham, Chairman of Diginex, according to the company’s press release.
Following the acquisition, Remedy Project founder Archana Kotecha will join Diginex’s executive team to focus on remedy innovation and global relationships.
The announcement comes as new mandatory human rights and environmental due diligence laws, such as the Corporate Sustainability Due Diligence Directive, require companies to establish effective grievance mechanisms.
Diginex also provided updates on other pending acquisitions. The company’s memorandum of understanding to acquire Resulticks Global Companies Pte Limited expired on October 31, 2025, though negotiations continue. Additionally, Diginex stated that due diligence and drafting of definitive agreements with Findings are ongoing, with that acquisition anticipated to close before year-end.
The company noted that there is no assurance that either the Resulticks or Findings transactions will ultimately be executed or closed.
In other recent news, Diginex Limited has made several significant announcements. The company secured a $1.7 million agreement with Indonesian tech firm PT. Inovasi Emran Ekadanta to provide ESG reporting capabilities to over 1,000 rural banks in Indonesia. This deal includes upfront fees and additional revenue through a follow-on share structure. Additionally, Diginex has launched diginexGHG, an AI-powered platform that automates corporate carbon footprint calculations, aligning with the Greenhouse Gas Protocol to help companies meet regulatory demands.
In strategic moves, Diginex announced a non-binding memorandum of understanding to acquire Kindred OS, an Edge AI firm, aiming to integrate its H1 Edge AI platform into Diginex’s product suite. Furthermore, Diginex formed a strategic alliance with EVIDENT Group to enhance ESG data capabilities in tokenized assets on EVIDENT’s digital market platform. The company also completed an 8-for-1 bonus share distribution, increasing its total issued and outstanding ordinary shares to approximately 201,950,104. These developments highlight Diginex’s ongoing efforts to expand its technological capabilities and market presence.
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