Sustainability RegTech company Diginex has announced the completion of its acquisition of ESG data company Matter, in a transaction valuing Matter’s equity at $13 million. This strategic move aims to enhance Diginex’s capabilities across ESG data benchmarking, reporting, and AI-driven analytics.
Diginex acquired Matter from its majority owner, Nasdaq, which initially invested in the company in 2020. Nasdaq will continue to hold a stake in the restructured business and remain a key strategic partner for Matter.
Established in 2017, Copenhagen-based Matter provides ESG and sustainability data and analytics solutions tailored for the investment industry. Its offerings enable users to access impact information on issuers and portfolios. Matter’s solutions include an analytics platform for assessing the sustainability profile of individual issuers, funds, or portfolios; data integrations for accessing sustainability data through investment management and intelligence solutions or in-house systems via APIs; and detailed ESG datasets aligned with Sustainable Development Goals (SDGs) and regulatory frameworks.
Diginex specialises in software solutions that assist companies in streamlining ESG, climate, and supply chain data collection and reporting, leveraging technologies such as blockchain, AI, machine learning, and data analysis. According to Diginex, the acquisition will enable it to deliver comprehensive solutions, including combined offerings for financial institutions, governments, and corporations to streamline data collection, enhance reporting accuracy, and drive sustainable investment decisions.
Miles Pelham, Chairman of Diginex, remarked: “We are delighted to officially welcome Matter to the Diginex family, marking a transformative milestone in our growth strategy. By merging Matter’s pioneering ESG data expertise with our RegTech innovations in blockchain, AI, and machine learning, we are creating a powerhouse for sustainable finance. This acquisition, from majority owner Nasdaq, not only broadens our market reach but also accelerates our ability to help clients achieve meaningful environmental and social impact.”
Niels Fibæk, CEO of Matter, added: “The completion of this acquisition is a pivotal moment for Matter and our team. Joining Diginex unlocks new opportunities to scale our analytics and API solutions globally, providing even deeper insights for sustainable investing. Together, we’re poised to lead the industry in transparent, data-driven sustainability.”
