Diginex to Acquire Findings for $305 Million in Share and Cash Deal

Diginex Limited (NASDAQ: DGNX), a provider of sustainability-focused RegTech solutions, has signed a non-binding Memorandum of Understanding (MOU) to acquire 100% of the equity interests of IDRRA Cyber Security Ltd., which operates under the trade name Findings, for a total consideration of up to $305 million [1]. The deal is structured with $270 million in Diginex shares and up to $35 million in cash, including a performance-based earn-out of $20 million contingent on achieving specific financial targets [1]. The share price component is based on the 60-business day trailing volume-weighted average price (VWAP) as of the MOU signing date on August 12, 2025 [1].

Findings, supported by Magenta Venture Partners, offers AI-powered solutions in vendor risk management, cloud security, and real-time audit capabilities. These capabilities align with Diginex’s strategic goal to enhance its cybersecurity and compliance services across its platforms, including diginexESG, diginexLUMEN, and diginexAPPRISE [1]. The acquisition is expected to accelerate Diginex’s expansion in compliance data verification and strengthen its ability to support global regulatory frameworks such as GRI, SASB, and TCFD [1].

Miles Pelham, Diginex’s Chairman, emphasized that the acquisition complements the company’s existing technology stack by integrating Findings’ advanced risk monitoring and automation tools [1]. Kobi Freedman, CEO of Findings, noted the opportunity to scale supply chain cybersecurity solutions through Diginex’s global platform, enabling clients to navigate increasingly complex regulatory landscapes [1].

The MOU includes a 45-day exclusivity period, during which Findings will not engage with other potential buyers, underscoring both parties’ commitment to finalizing the deal [1]. The transaction remains subject to due diligence, regulatory approvals, and the execution of definitive agreements [1]. Upon completion, Diginex plans to allocate additional growth funding to Findings based on agreed performance metrics [1].

While the market reaction to the announcement has been muted, with minimal immediate impact on Diginex’s share price, the acquisition is positioned to strengthen the company’s long-term RegTech footprint [1]. The move reflects Diginex’s broader strategy to leverage AI and data analysis in driving transparency and efficiency in regulatory reporting and sustainable finance [1].

Source: [1] Diginex Announces MOU for US$305m Acquisition of Findings Leading Cybersecurity and Compliance Automation Firm (https://ir.diginex.com/news-releases/news-release-details/diginex-announces-mou-us305m-acquisition-findings-leading)