Diginex to Acquire ESG Data Firm Matter DK in $13M All-Share Deal

Diginex Limited , a sustainability-focused RegTech firm, has an MOU to acquire Matter DK ApS, an ESG data company for a deal valued at $13 million. 

The agreement, dated May 23, 2025, aims to strengthen Diginex’s position in the Environmental, Social, and Governance (ESG) space by enhancing its data and analytics offerings for financial institutions.

The acquisition will be completed based on the 60-day volume weighted average price (VWAP) as of the signing date, and subject to an 18-month lock-up period. Matter’s largest shareholder is NASDAQ, followed by the founding management team, which will remain post-acquisition under multi-year employment agreements.

Matter brings advanced benchmarking, reporting capabilities and ESG data analytics that align with Diginex’s vision to provide end-to-end sustainability solutions. The acquisition is expected to broaden Diginex’s offering, enabling organizations to address increasing demands for ESG compliance and transparency from regulators and stakeholders. Matter’s tools are especially relevant for financial institutions aiming to assess and communicate the sustainability of their investments.

Diginex Chairman Miles Pelham highlighted the acquisition as a pivotal move to deepen the company’s ESG reach through the integration of AI-driven data tools. “Matter’s expertise complements our technology stack and positions us well in a fast-growing sector,” he said. Matter CEO Niels Fibæk echoed the sentiment, stating that joining forces with Diginex will significantly enhance their collective impact in helping businesses meet sustainability goals through data-driven insights.

Founded in London, Diginex is known for its blockchain and AI-powered ESG reporting solutions. Its flagship diginexESG platform supports 17 global frameworks, including GRI, SASB, and TCFD, offering services such as data management, report generation, and ESG rating support. The firm serves governments and businesses seeking to simplify complex ESG reporting requirements and improve sustainability performance.

While the acquisition has the potential to strengthen Diginex’s competitive position, it also comes with risks. As an all-share transaction, it may dilute the equity of existing shareholders. Furthermore, the Memorandum of Understanding is non-binding, meaning the deal is still subject to due diligence and closing conditions. However, the long lock-up period and strategic alignment suggest a high level of confidence in the integration and future synergies between the two firms.

Matter DK ApS, based in Copenhagen, is an ESG data company known for delivering actionable sustainability insights through advanced analytics and reporting tools. Its solutions enable financial institutions and other organizations to assess, manage, and communicate the impact of their investments, supporting data-driven strategies that align with global sustainability standards.

By joining Diginex, Matter aims to amplify its reach and impact, combining its ESG expertise with Diginex’s AI-driven RegTech capabilities. Together, the companies plan to offer enhanced tools that help businesses navigate the complex landscape of environmental and social accountability.