Diginex Appoints New Leadership Following Major Acquisition

In a significant strategic shift this January, sustainability-focused regulatory technology firm Diginex has completed a transformative acquisition and announced a corresponding change in its executive leadership. The company has acquired Plan A, a prominent European carbon accounting platform, in a deal valued at approximately €55 million.

The cornerstone of Diginex's new direction is its purchase of PlanA.earth, finalized on January 14. The transaction involved a cash payment of €3 million and the issuance of 6.7 million ordinary shares, valued at roughly €52 million. An additional earn-out provision could see up to €25 million paid if specific revenue targets for 2026 and 2027 are met, a common risk-mitigation tool in technology sector mergers.

A direct consequence of the deal is a change at the helm. The Diginex board appointed Lubomila Jordanova, the founder and CEO of Plan A, as its new Chief Executive Officer on January 28. She succeeds Mark Blick, who will transition into an advisory role. Jordanova brings recognized expertise in carbon accounting and EU sustainability regulations, having been named an MIT Innovator Under 35 in Europe.

Expanding Client Portfolio and Geographic Reach

The acquisition instantly broadens Diginex's enterprise client base by adding Plan A's roster of approximately 1,500 corporate customers. This list includes major multinationals such as BMW, Deutsche Bank, and Visa. Notably, through the share-based component of the acquisition, these corporate clients simultaneously become shareholders in Diginex.

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Concurrently, the company is expanding its geographic footprint. On January 23, Diginex signed a framework agreement to establish a joint venture in Brazil with BGlobal and the state of Mato Grosso. The initiative aims to develop a digital infrastructure platform for ESG reporting within the agricultural sector. The proposed system would standardize sustainability data and create a "Digital Green Passport" for export commodities, a potentially critical tool for Brazilian producers facing stricter EU import regulations. Specific investment figures and timelines for this project have not been disclosed.

Financial Performance and Future Outlook

Recent financial results highlight Diginex's growth trajectory alongside ongoing challenges. For the first half of its fiscal year 2026 (ending September 30, 2025), the company reported a 293% surge in revenue to $2.0 million. However, its operating loss also widened, increasing from $4.2 million to $6.0 million. Net assets saw a positive move, doubling to $10.9 million.

Management notes the company operates free of debt but is in discussions with potential financing partners, though no agreement is guaranteed. Negotiations regarding another possible acquisition, Resulticks Global, remain ongoing.

The regulatory demand for ESG and carbon accounting software is being driven by new standards like the EU's Corporate Sustainability Reporting Directive (CSRD) and those from the International Sustainability Standards Board (ISSB). Diginex's ability to convert its strategic transformation into profitable growth will largely depend on the successful integration of Plan A's technology and the achievement of the ambitious revenue targets tied to the earn-out agreement.