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Enigmatig Celebrates NYSE American Listing with Bell Ringing Ceremony, Signaling Next Phase of Global Growth
Globenewswire· 2025-08-15 21:40
Core Insights - Enigmatig Limited has successfully listed on the NYSE American, marking a significant milestone in its mission to empower SMEs for global expansion [1][3] - The company raised approximately US$15 million through its IPO, selling 3,005,200 Class A ordinary shares at US$5.00 each [2] - Enigmatig aims to enhance its service capabilities and expand its global reach, focusing on RegTech innovations and strategic advisory services [4][6] Company Overview - Founded in 2010, Enigmatig specializes in enabling SMEs to navigate cross-border markets, providing expertise in licensing, compliance, and strategic growth [9][10] - The company operates across key financial hubs including Singapore, Hong Kong, Shanghai, London, Cyprus, and Belize, offering tailored solutions throughout the business lifecycle [7][10] - Enigmatig's proprietary CRM platform integrates KYC, AML, and transaction monitoring tools, positioning RegTech at the core of its growth strategy [7] Future Growth Strategy - The company plans to expand its leadership and specialist teams in key markets and verticals [6] - Enigmatig will accelerate RegTech and automation innovations to streamline compliance processes [6] - The firm is pursuing targeted mergers and acquisitions to strengthen its global service offerings [6]
Diginex Announces extension of Resulticks MOU
Globenewswire· 2025-08-14 20:05
Core Viewpoint - Diginex Limited and Resulticks Global Companies have mutually agreed to extend the due diligence period for their collaboration until August 31, 2025, allowing more time to finalize the definitive agreement after most material due diligence has been completed [1] Group 1: Company Overview - Diginex Limited is a leading provider of Sustainability RegTech solutions, focusing on streamlining ESG, climate, and supply chain data collection and reporting for businesses and governments [2] - The company employs advanced technologies such as blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [2] - Diginex's diginexESG platform supports 19 global frameworks, including GRI, SASB, and TCFD, offering comprehensive services from materiality assessments to ESG Ratings Support [3] Group 2: Resulticks Overview - Resulticks is a prominent provider of AI-powered, omnichannel customer engagement and data management solutions, enabling personalized experiences through real-time data analytics [4] - The company serves clients across various industries in North America, Asia, and the Middle East, with headquarters in New York and additional offices in India, Singapore, and Dubai [4]
Diginex Announces MOU for US$305m Acquisition of Findings, a leading cybersecurity and compliance automation company
Globenewswire· 2025-08-12 20:05
Core Viewpoint - Diginex Limited has signed a non-binding Memorandum of Understanding (MOU) to acquire 100% of IDRRA Cyber Security Ltd. (Findings) for a total consideration of up to US$305 million, aiming to enhance its technological capabilities in the cybersecurity sector and expand its compliance data verification and regulatory compliance automation offerings [1][3][5]. Group 1: Acquisition Details - The acquisition consideration includes US$270 million in Diginex shares and up to US$35 million in cash, with US$20 million contingent on achieving certain financial targets [3]. - The share consideration will be based on the 60-business day trailing VWAP of Diginex's shares as of the MOU signing date, with customary lock-up periods for Findings' shareholders ranging from 9 to 18 months [3]. - Diginex will provide further growth funding to Findings post-closing based on agreed performance metrics to support its innovation and global expansion [4]. Group 2: Strategic Importance - The acquisition aligns with Diginex's mission to enhance its supply chain risk management and compliance offerings, leveraging Findings' expertise in AI vendor risk management and cloud security [2][5]. - Findings specializes in automated vendor risk management and continuous monitoring, which will complement Diginex's existing platforms like diginexESG, diginexLUMEN, and diginexAPPRISE [2][5]. - The transaction is expected to enable Findings to leverage Diginex's global reach and resources to enhance its impact in securing supply chains against evolving threats [5][9]. Group 3: Exclusivity and Next Steps - The MOU includes a 45-day exclusivity period during which Findings will not engage with other potential acquirers, indicating a strong commitment from both parties to finalize the transaction [6].
Two Senior Executives from S&P and the Global Reporting Initiative (GRI) join the Diginex team
Globenewswire· 2025-07-31 13:16
Core Insights - Diginex Limited has appointed Andrew Harling as Chief Commercial Officer and Matthew Rusk as Vice President of Strategic Relationships, Americas, to enhance its growth and innovation in sustainability solutions [1][2][3] Group 1: Leadership Appointments - Andrew Harling brings over 20 years of experience in commercial leadership, previously serving as Global Head of Sustainability Sales at S&P, where he significantly increased revenue through tailored ESG solutions [2] - Matthew Rusk has over 15 years of experience in corporate sustainability, most recently as Head of GRI North America, where he developed strong relationships to advance standardized sustainability reporting [3] Group 2: Company Mission and Strategy - Diginex aims to empower organizations with transparent, AI-driven ESG solutions, and the new leadership is expected to strengthen its market position and foster impactful partnerships [4] - The company utilizes blockchain, AI, machine learning, and data analysis technology to enhance transparency in corporate regulatory reporting and sustainable finance [4] Group 3: Product Offerings - Diginex's diginexESG platform supports 19 global frameworks, including GRI, SASB, and TCFD, providing end-to-end support for clients in sustainability data management and reporting [5]
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
Globenewswire· 2025-07-12 02:00
Core Insights - Diginex Limited reported a transformative fiscal year ending March 31, 2025, highlighted by a 57% increase in revenues and the successful completion of its IPO in January 2025 [4][5][17] - The company signed strategic agreements with professional firms to enhance future revenues and client acquisition, while also introducing AI-powered compliance solutions [4][5] - Diginex is pursuing a dual listing on the Abu Dhabi Securities Exchange to increase exposure to investors and support sustainable finance initiatives in the GCC region [4][5] Financial Performance - Total revenue for the fiscal year increased by 57% to $2.0 million, driven primarily by software subscriptions and license fees [5][8] - The net loss for the fiscal year was $5.2 million, an increase of $0.3 million compared to the previous year's loss of $4.9 million [5][24] - General and administrative expenses rose to $10.3 million, primarily due to IPO-related professional fees and share-based payments [13][24] Revenue Breakdown - Revenue from subscription and license fees increased significantly to $1.3 million from $0.4 million, while advisory fees rose modestly to $0.3 million [7][9] - Customization fees decreased to $0.4 million from $0.7 million, reflecting a strategic shift towards core product development [10][11] Balance Sheet Highlights - As of March 31, 2025, Diginex reported net assets of $4.6 million, a significant improvement from net liabilities of $23.0 million the previous year [15][23] - The company's cash position improved to $3.1 million from $0.1 million at the end of the prior fiscal year [15][23] Strategic Initiatives - Diginex signed memoranda of understanding to acquire Resulticks Group Companies and Matter DK ApS, aimed at enhancing its technology and data capabilities [5][6] - The planned acquisitions are expected to expand Diginex's AI-driven data management and sustainability analytics capabilities [6][17]
Diginex Announces Plans for Eight-for-One Forward Stock Split
Globenewswire· 2025-07-08 03:29
Core Viewpoint - Diginex Limited has proposed an eight-for-one forward stock split to enhance shareholder accessibility and liquidity, with the aim of broadening its investor base and supporting long-term growth [1][4]. Group 1: Stock Split Details - The Board of Directors has scheduled an extraordinary general meeting on July 29, 2025, for shareholders to vote on the proposed forward stock split and related amendments [2]. - If approved, each ordinary share of US$0.00005 par value will be subdivided into eight ordinary shares of US$0.00000625 par value each, and the same subdivision will apply to preferred shares [3]. - The authorized share capital will be adjusted to US$50,000, divided into 7,680,000,000 ordinary shares and 320,000,000 preferred shares, with fractional shares rounded up [3]. Group 2: Company Overview - Diginex Limited is a leading provider of Sustainability RegTech solutions, focusing on ESG, climate, and supply chain data collection and reporting [5]. - The company utilizes advanced technologies such as blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [5]. - Diginex's diginexESG platform supports 17 global frameworks, providing comprehensive support for clients in sustainability data management and reporting [6].
Diginex's AI-Driven Enhancements Poised to Accelerate Customer Adoption and Drive Revenue Growth
Globenewswire· 2025-06-30 11:30
Core Insights - Diginex Limited has received additional government funding to enhance its AI-powered compliance solutions aimed at helping companies meet sustainability disclosure requirements [1][3] - The upgraded AI functionality is expected to accelerate customer adoption and contribute to revenue growth, with the global market for ESG reporting software projected to grow from over $1.3 billion in 2023 to over $5.6 billion by 2029, at a CAGR of 26% [2] - Diginex's diginexESG platform supports 17 global frameworks, providing end-to-end support for ESG reporting [6] Company Developments - Diginex has signed a Memorandum of Understanding for the strategic acquisition of Resulticks Global Companies Pte. Limited for $2 billion, aimed at enhancing AI and data management capabilities [4] - The company has entered into strategic alliances with firms like Forvis Mazars, Russell Bedford International, and Baker Tilly Singapore to expand the distribution of its platforms [4] - Diginex has received recognition from the Hong Kong Monetary Authority for its innovative fintech projects, building on previous awards and selections [3][4] Market Position - Diginex is well-positioned to capture the growing demand for sustainable finance solutions by combining its platform with blockchain, machine learning, and data analytics [2] - The company's focus on AI-driven innovation in ESG reporting is validated by recognition from regulatory authorities, emphasizing its commitment to democratizing sustainability compliance [4]
Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development
Globenewswire· 2025-06-26 11:30
Core Insights - Diginex Limited has been included in the S&P Global Broad Market Index (BMI), effective June 22, 2025, marking a significant milestone for the company [1][2][3] Company Overview - Diginex Limited is a leading provider of Sustainability RegTech solutions, focusing on streamlining ESG, climate, and supply chain data collection and reporting [5] - The company utilizes advanced technologies such as blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [5] S&P Global BMI Inclusion - The S&P Global BMI is a comprehensive equity benchmark that includes over 14,000 companies from developed and emerging markets, indicating Diginex's compliance with standards of market capitalization, liquidity, and public float adjustment [2][4] - Inclusion in the S&P Global BMI is expected to enhance Diginex's visibility among institutional investors and broaden its shareholder base, potentially improving trading liquidity and supporting long-term growth [3][2] Product and Service Offerings - Diginex's award-winning diginexESG platform supports 17 global frameworks, including GRI, SASB, and TCFD, providing clients with comprehensive ESG reporting solutions [6] - The platform offers end-to-end support, including materiality assessments, data management, stakeholder engagement, and report generation [6]
Diginex Limited Signs MOU to Acquire Resulticks for US$2bn, transforming AI and Data Management Capabilities
Globenewswire· 2025-06-05 11:20
Core Viewpoint - Diginex Limited has signed a Memorandum of Understanding to acquire Resulticks, enhancing its capabilities in data management and AI, positioning itself as a leader in data-driven client solutions [1][2][3] Group 1: Acquisition Details - The acquisition values Resulticks at $2 billion, structured in three tranches: $1.4 billion in Diginex shares, $100 million in cash, and an earnout of up to $500 million based on EBITDA performance [2] - The earnout is contingent on Resulticks achieving specific EBITDA thresholds over the next three fiscal years, with amounts of $166.67 million for FY2026, FY2027, and FY2028 [2] Group 2: Resulticks Overview - Resulticks is recognized for its AI-driven customer engagement and data management solutions, operating in multiple regions including the US, India, Singapore, and the Middle East [3][9] - The company’s platform enables businesses to deliver personalized customer experiences through real-time data analytics [3][9] Group 3: Strategic Implications - The integration of Resulticks' technology is expected to enhance Diginex's data-driven sustainability solutions, allowing organizations to meet regulatory requirements more effectively [3][4] - Diginex aims to leverage Resulticks to provide hyper-personalized insights and expand into new verticals, enhancing compliance, supply chain intelligence, and risk analytics [4][5] Group 4: Leadership Statements - Diginex's Chairman emphasized that the acquisition will strengthen the company's balance sheet and profitability while deepening expertise in AI and data management [5] - Resulticks' leadership highlighted the partnership's potential to optimize customer engagement and enhance sustainability solutions for a global customer base [5][6] Group 5: Recent Developments - This acquisition follows Diginex's recent memorandum of understanding to acquire Matter DK ApS, further expanding its sustainability data and analytics offerings [6] - These strategic moves position Diginex as a global leader in innovative, data-driven solutions for client and sustainability engagement [6]
Winnow Team Named "Tech Team of the Year" at Banking Tech Awards USA 2025
Prnewswire· 2025-06-03 12:43
Core Insights - Winnow Solutions, LLC has won the "Tech Team of the Year" award at the 2025 Banking Tech Awards USA and received a "Highly Commended" recognition in the "Best as-a-Service Solution - Regulation & Compliance" category [1][2][3] Group 1: Awards and Recognition - This is Winnow's first win and fourth consecutive year of recognition at the Banking Tech Awards [3] - Other finalists in the "Tech Team of the Year" category included major firms such as Bank of America, Morgan Stanley, and Total Expert [3] - Winnow was nominated for a total of five awards across various categories, showcasing its diverse capabilities in the fintech space [3] Group 2: Company Overview - Winnow Solutions, LLC develops a RegTech platform that offers compliance solutions across multiple sectors, including mortgage, auto financing, credit cards, and cybersecurity [4] - The platform catalogs over 80,000 individual state and federal law requirements, maintained by a team of experienced attorneys and professionals [4] - The recent addition of Winnow AI enhances the platform by providing quick answers to basic legal questions, leveraging existing attorney-reviewed content [4] Group 3: Previous Achievements - In 2024, Winnow was awarded "Best RegTech Solution" at the Finovate Awards and recognized in the "Regulatory, Governance, and Compliance Technology" category at the Legalweek Leaders in Tech Law Awards [5] - The company was also named to the HousingWire Tech100 Mortgage list, further establishing its reputation in the industry [5]