Diginex Plans US$305 Million Acquisition of Findings

Diginex Limited announced a Memorandum of Understanding (MOU) for acquiring Findings, a cybersecurity and compliance automation firm, for up to US$305 million. This marks a strategic move for Diginex to bolster its technological capabilities in cybersecurity.

Findings, supported by Magenta Venture Partners, specializes in supply chain risk monitoring and vendor risk automation. Diginex aims to integrate these solutions into its existing platforms to enhance its global compliance data verification capabilities.

The acquisition will be paid in Diginex shares and cash, contingent on Financial targets. The process involves regulatory approvals and due diligence, with an additional commitment from Diginex for Findings' post-acquisition growth.

This step underlines Diginex's objective to leverage AI for improved transparency in corporate regulatory reporting and sustainable finance.