WiseTech to buy FRDM.ai and build VerifyWise

WiseTech Global has agreed to acquire FRDM.ai to speed development of VerifyWise, a data-driven platform for supply chain risk, compliance and supplier verification. The deal is expected to close Aug. 3, 2026, and expands WiseTech’s push into multi-tier trade compliance and responsible sourcing.

Why it matters: - The acquisition expands WiseTech Global’s compliance reach from transaction-level screening to multi-tier supplier verification across supply chains. - WiseTech is tying the FRDM.ai platform into existing products to build VerifyWise, a broader tool for identity verification, trust checks and trade-data validation. - The combination is aimed at helping customers manage risks tied to modern slavery, forced labor, sanctions, geopolitical exposure and other compliance obligations.

What happened: - WiseTech Global entered a binding agreement to acquire FRDM.ai, an AI-powered supply chain risk and compliance intelligence company. - The deal was announced July 22, 2026, and is expected to complete on Aug. 3, 2026, subject to customary conditions precedent. - WiseTech will pay $10 million upfront in cash and WTC shares, with up to $14.31 million available under all-cash earn-outs. - FRDM.ai was established in California in 2018.

The details: - FRDM.ai maps supplier networks beyond direct suppliers and scores risk in real time. - The platform is designed to monitor and mitigate trade risks across many tiers of the supply chain. - WiseTech plans to combine FRDM.ai with BorderWise, Denied Party Screening, Global Knowledge and other data assets to create VerifyWise. - VerifyWise is intended to provide AI-enabled verification and continuous monitoring of suppliers across Tier 1, Tier 2, Tier 3 and beyond. - The product is meant to let organizations verify suppliers on a single platform and receive real-time alerts when supplier status changes. - WiseTech said the transaction is expected to create value by deepening compliance capabilities, increasing cross-sell opportunities and strengthening the network effect around VerifyWise. - WiseTech has a global network of more than 22,000 logistics providers and over 500,000 connected enterprises. - FRDM.ai’s platform uses more than 6 billion trade records to calculate risk scores. - The platform includes pre-built frameworks for obligations including UFLPA, CSDDD, LkSG, CBAM, EUDR and PFAS. - VerifyWise is intended to serve importers, exporters, traders, shippers, freight forwarders, banks, legal offices, accounting providers, real estate agents and precious metal dealers.

Between the lines: - WiseTech is broadening its logistics software model into compliance infrastructure that can sit deeper inside customers’ sourcing and trade workflows. - The move also suggests stronger demand for tools that can prove responsible sourcing, not just screen counterparties at the point of transaction. - WiseTech and FRDM.ai are positioning verified supplier data as a network asset that becomes more valuable as more participants validate and enrich it.

What's next: - WiseTech expects the transaction to close Aug. 3, 2026, if conditions are met. - FRDM.ai will be integrated into the VerifyWise roadmap alongside WiseTech’s existing compliance and trade data products. - WiseTech and FRDM.ai plan to scale the platform across global supply chain participants and industries. - The companies say the combined offering will make supply chain verification simpler, faster and more scalable.

The bottom line: - WiseTech is buying FRDM.ai to turn supply chain compliance into a deeper, AI-enabled verification layer across global trade.