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Highlights

  • Diginex Limited enters an agreement to acquire Copenhagen-based ESG data company Matter DK ApS.
  • Acquisition valued at $13 million, payable via issuance of Diginex ordinary shares with an 18-month lock-up.
  • Matter’s founding management team to remain post-acquisition under multi-year contracts.

Diginex Limited (NASDAQ: DGNX), a provider of sustainability regulatory technology solutions, announced on May 23, 2025, the signing of a Memorandum of Understanding (MOU) for the all-share acquisition of Matter DK ApS (“Matter”), an ESG data company based in Copenhagen, Denmark. The agreement outlines the terms under which Diginex will acquire Matter’s equity, valued at $13 million, through the issuance of Diginex ordinary shares. The share price will be based on the 60-trading day volume-weighted average price (VWAP) as of the date of the MOU, with a lock-up period of 18 months applied to the issued shares.

Matter specializes in providing sustainability data and analytics solutions tailored for the investment sector, enabling financial institutions to better understand and communicate the sustainability attributes of their investments. The company’s shareholders include NASDAQ as the largest stakeholder, followed by the founding management team, who will continue with Matter following the completion of the acquisition under multi-year employment agreements.

The planned acquisition is intended to integrate Matter’s ESG data analytics, benchmarking, and reporting capabilities into Diginex’s existing portfolio of Sustainability RegTech solutions. This integration is expected to expand Diginex’s offerings to organizations seeking to address the increasing demands of sustainability reporting and regulatory compliance in environmental, social, and governance (ESG) domains.

The acquisition represents a strategic move by Diginex to broaden its footprint within the ESG data sector. Matter’s expertise in delivering ESG insights to the investment community is expected to complement Diginex’s existing technology and service offerings.

 Diginex Chairman Miles Pelham stated that the acquisition aligns with the company’s mission to support sustainable impact through advanced AI tools, and that the addition of Matter enhances their capabilities in ESG data services.

Matter’s CEO, Niels Fibæk, remarked on the opportunity to combine efforts with Diginex to provide enhanced data-driven insights, aimed at assisting organizations in meeting their sustainability objectives. The transaction is subject to customary closing conditions, and further details will be disclosed as the acquisition progresses.

This acquisition is part of a broader trend of companies in the RegTech and ESG data space consolidating to address evolving regulatory frameworks and stakeholder expectations related to sustainability reporting.