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LONDON/JAKARTA - Diginex Limited (NASDAQ:DGNX), a sustainability technology provider whose stock has surged nearly 1,500% year-to-date according to InvestingPro data, announced Tuesday it has secured agreements with Indonesian tech firm PT. Inovasi Emran Ekadanta (iNEED) to deliver ESG reporting capabilities to over 1,000 rural banks across Indonesia.
Under the agreement, iNEED will pay Diginex upfront fees of approximately $1.7 million plus additional revenue through a follow-on share structure. The deal could boost Diginex’s revenue growth, which InvestingPro data shows reached 57% in the last twelve months. The partnership will utilize Diginex’s cloud-based diginexESG platform to help Indonesian financial institutions meet regulatory compliance requirements and improve stakeholder reporting. The company maintains a healthy financial position with a current ratio of 3.79, indicating strong liquidity to support its expansion plans.
The collaboration aims to provide rural banks with automated workflows, AI-driven insights, and standardized frameworks aligned with global standards like the International Sustainability Standards Board and local Indonesian regulations.
"The signing of these agreements with iNEED marks a significant step in scaling sustainable finance across Indonesia’s dynamic banking landscape," said Mark Blick, CEO of Diginex, according to the company’s press release.
Raden Joko, iNEED CEO, noted that the partnership "will support the sustainability goals of the association."
The deal comes as ESG adoption grows in Southeast Asia, where 70-82% of regional investors are exploring sustainable investment opportunities. With a market capitalization of $3.03 billion, Diginex appears positioned to capture this growth, though InvestingPro’s Fair Value analysis suggests the stock may be overvalued at current levels. Corporate boards across ASEAN countries are increasingly prioritizing sustainability, with 45% planning to establish dedicated ESG committees in 2025.
The partnership was facilitated through an introduction by Resulticks, a customer engagement solution provider. In June, Diginex announced signing a Memorandum of Understanding for a cash and share acquisition of Resulticks.
Diginex’s diginexESG platform currently supports 19 global frameworks, including the Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosures. For investors seeking deeper insights into Diginex’s financial health and growth prospects, InvestingPro offers 12 additional exclusive tips and comprehensive financial metrics.
In other recent news, Diginex Limited announced the completion of its planned bonus share distribution, issuing seven bonus ordinary shares for each share held as of the September 5, 2025 record date. This move increased the company’s total issued and outstanding ordinary shares to approximately 201,950,104. Additionally, Diginex formed a strategic alliance with BlockRidge to integrate ESG metrics into tokenized securities and real-world assets on blockchain networks. This two-year agreement will see Diginex providing BlockRidge access to its suite of ESG software solutions. Furthermore, Diginex’s board of directors approved a seven-for-one forward stock split, aimed at enhancing liquidity and improving accessibility for investors. In another development, Diginex appointed Andrew Harling as Chief Commercial Officer and Matthew Rusk as Vice President of Strategic Relationships, Americas. Harling brings over 20 years of commercial leadership experience, focusing on client acquisition and platform adoption. Meanwhile, Digi Power X Inc. announced a purchase order with Super Micro Computer Inc. for NVIDIA B200-powered systems to enhance its NeoCloud AI infrastructure platform, with operations expected to commence in the fourth quarter of 2025.
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