Sustainability RegTech company Diginex announced the completion of the acquisition of ESG data company Matter, in a transaction valuing Matter’s equity at $13 million, and aimed at enhancing Diginex’s capabilities across ESG data benchmarking, reporting, and AI-driven analytics.
Diginex is acquiring the company from majority owner Nasdaq, which announced its initial investment in the company in 2020. Nasdaq will remain a stakeholder in the new business structure and a key strategic partner for Matter.
Founded in 2017, Copenhagen-based Matter provides ESG and sustainability data and analytics solutions to the investment industry, enabling users to access impact information on issuers and across portfolios. The company’s solutions include an analytics platform to analyze the sustainability profile of individual issuers, funds or portfolios, data integrations enabling access to sustainability data through investment management and intelligence solutions or into in-house systems through APIs, and granular ESG datasets aligned with SDGs and regulatory frameworks.
Diginex provides software solutions aimed at helping companies to streamline ESG, climate, and supply chain data collection and reporting, utilizing blockchain, AI, machine learning and data analysis technology. According to Diginex, the acquisition will enable it to deliver end-to-end 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, said:
“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.”
