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Diginex Eyes Human Rights Tech Acquisition to Expand Compliance Advisory Business

MarketDash Editorial Team
17 days ago
Diginex signed an MOU to acquire London-based Remedy Project, a specialist in worker remediation programs and supply chain human rights assessments, aiming to boost its sustainability advisory services amid growing global due diligence regulations.

Diginex Limited (DGNX) is making a move into the human rights compliance space, announcing Friday it signed a memorandum of understanding to acquire The Remedy Project Limited, a London-based firm that helps companies navigate the increasingly complex world of worker-focused remediation and human rights risk in their supply chains.

The timing makes sense. As governments worldwide tighten regulations around corporate due diligence and supply chain transparency, companies are scrambling to figure out how to actually comply with these requirements. That's where Remedy Project comes in.

Founded in 2021, the organization has built expertise in operational-level grievance systems and forced-labor remediation frameworks designed specifically for multinational supply chains. Think of them as the specialists who help companies not just identify problems in their supply chains, but actually fix them in ways that protect workers.

Under the proposed deal, Diginex plans to fold Remedy's capabilities directly into its advisory division. The goal is to expand the firm's ability to support companies preparing for the wave of emerging global due diligence requirements that are starting to hit balance sheets and compliance departments.

Archana Kotecha, who currently leads Remedy Project as chief executive, would transition into a senior leadership position at Diginex, where she'd guide global remediation strategy and innovation efforts. "Joining Diginex represents a transformative step forward in scaling worker-centered approaches to human rights due diligence and remediation globally," Kotecha said. "Our shared commitment to technology-enabled transparency and human rights due diligence will help companies not only comply with emerging regulations but also build more resilient and ethical supply chains."

Miles Pelham, Chairman of Diginex, framed the acquisition as addressing a critical gap in the market. "The Remedy Project has been at the forefront of closing the gap between detection and actual remediation in global supply chains," he noted.

The MOU is non-binding, which means there's still work to do. Diginex expects to complete due diligence and sign definitive agreements within roughly 45 days, assuming everything checks out.

Meanwhile, the company provided an update on separate acquisition talks with marketing-technology firm Resulticks. Those discussions continue, though the original memorandum has expired as the parties work through final terms.

Price Action: DGNX shares closed down 5.46% at $11.25 on Friday.

Back to News

Diginex Eyes Human Rights Tech Acquisition to Expand Compliance Advisory Business

MarketDash Editorial Team
17 days ago
Diginex signed an MOU to acquire London-based Remedy Project, a specialist in worker remediation programs and supply chain human rights assessments, aiming to boost its sustainability advisory services amid growing global due diligence regulations.

Diginex Limited (DGNX) is making a move into the human rights compliance space, announcing Friday it signed a memorandum of understanding to acquire The Remedy Project Limited, a London-based firm that helps companies navigate the increasingly complex world of worker-focused remediation and human rights risk in their supply chains.

The timing makes sense. As governments worldwide tighten regulations around corporate due diligence and supply chain transparency, companies are scrambling to figure out how to actually comply with these requirements. That's where Remedy Project comes in.

Founded in 2021, the organization has built expertise in operational-level grievance systems and forced-labor remediation frameworks designed specifically for multinational supply chains. Think of them as the specialists who help companies not just identify problems in their supply chains, but actually fix them in ways that protect workers.

Under the proposed deal, Diginex plans to fold Remedy's capabilities directly into its advisory division. The goal is to expand the firm's ability to support companies preparing for the wave of emerging global due diligence requirements that are starting to hit balance sheets and compliance departments.

Archana Kotecha, who currently leads Remedy Project as chief executive, would transition into a senior leadership position at Diginex, where she'd guide global remediation strategy and innovation efforts. "Joining Diginex represents a transformative step forward in scaling worker-centered approaches to human rights due diligence and remediation globally," Kotecha said. "Our shared commitment to technology-enabled transparency and human rights due diligence will help companies not only comply with emerging regulations but also build more resilient and ethical supply chains."

Miles Pelham, Chairman of Diginex, framed the acquisition as addressing a critical gap in the market. "The Remedy Project has been at the forefront of closing the gap between detection and actual remediation in global supply chains," he noted.

The MOU is non-binding, which means there's still work to do. Diginex expects to complete due diligence and sign definitive agreements within roughly 45 days, assuming everything checks out.

Meanwhile, the company provided an update on separate acquisition talks with marketing-technology firm Resulticks. Those discussions continue, though the original memorandum has expired as the parties work through final terms.

Price Action: DGNX shares closed down 5.46% at $11.25 on Friday.