Diginex

Diginex operates as a sustainability RegTech company, providing technology-driven solutions for organizations to manage Environmental, Social, and Governance (ESG) and supply chain challenges. Founded in 2017 by Miles Pelham, who brought over two decades of finance and investment banking experience, the company initially focused on digital assets and blockchain technology. A significant milestone was achieved in October 2020, when Diginex went public on Nasdaq through a reverse merger with 8i Enterprises Acquisition Corp., a special purpose acquisition company (SPAC), making it the first Nasdaq-listed company with a cryptocurrency exchange at the time.

The company has since pivoted to focus squarely on the sustainability sector. Its business model centers on subscription-based Software-as-a-Service (SaaS) products, complemented by advisory services. Diginex serves a diverse client base, from small and medium-sized enterprises (SMEs) to large corporations and financial institutions, helping them navigate the complexities of sustainability reporting and compliance. The firm generates revenue through software subscriptions, licensing fees for white-label versions of its platforms, and fees for customization and advisory services.

Diginex's product suite includes several key platforms. 'diginexESG' is a comprehensive tool for ESG data management and reporting, supporting over 17 global frameworks like GRI, SASB, and TCFD. 'diginexLUMEN' focuses on supply chain due diligence, helping businesses assess and mitigate risks related to human rights and labor conditions. 'diginexAPPRISE' is a worker engagement tool that integrates with LUMEN, while 'diginexClimate' helps companies manage their carbon footprint. To ensure data credibility, Diginex has partnered with SGS to provide independent assurance and verification for the sustainability reports generated on its platform. The company has recently announced memoranda of understanding for strategic acquisitions, including a US$2 billion deal for Resulticks, an AI-driven customer engagement firm, and a US$13 million deal for Matter DK, an ESG data analytics startup, to enhance its AI and data management capabilities.

Keywords: ESG reporting, sustainability software, RegTech, supply chain management, ESG data, due diligence, SaaS, corporate responsibility, carbon accounting, compliance technology